CAVOTEC [CBOE] overview

Cavotec has won a shore power order valued at EUR 15.7 million from a major global shipping line. Deliveries are scheduled to start in the fourth quarter of 2022 and continue throughout 2023 and 2024. “This order further validates the strategy we launched a year ago to fully focus on cleantech solutions as previous niche markets are becoming mass markets and emphasises how Cavotec is a valuable partner in the decarbonisation of the global maritime sector,” says Cavotec CEO, Mikael Norin....

Order backlog increased 25.9% to EUR 124.5 million On February 22, 2022, Cavotec signed an agreement to divest 100% of our Airports business to US based investment company Fernweh Group. The transaction is expected to close in the summer of 2022. As a result of the sale, Airports is reported as a discontinued entity JANUARY–MARCH 2022 NEW CAVOTEC Order backlog increased 25.9% compared to Q421 to EUR 124.5 million Revenues decreased 6.6% to EUR 27.4 million (29.3) EBIT amounted to EUR -1.5...

To be held on Thursday, June 2, 2022, in Lugano, Switzerland at 10.00 CEST at Cavotec SA headquarters in Lugano, Switzerland (Via Giovan BattistaPioda 14, CH-6900 Lugano, Switzerland). Important communication: no personal attendance and exercise of rights exclusively through the Independent Proxy Due to the ongoing uncertainties regarding Covid-19 the Annual General Meeting will again take place without physical attendance. As a result, the Board of Directors based on art. 27 of the Ordinance 3...

Cavotec has published its Annual Report 2021 on the company’s website: https://cavotecsa.gcs-web.com/financial-reports. The Report is available in English. Printed copies of the Annual Report can be ordered at [email protected] . For further details on this release, please contact: Johan Hähnel Investor Relations Manager +46 70 605 63 34; [email protected] This information is information that Cavotec SA is obliged to make public pursuant to the Securities Markets Act. The information...

David Pagels, 54, has been appointed CEO of Cavotec SA. David will assume the position as CEO of Cavotec during May 2022. David Pagels has a background as CEO of Dellner Couplers 2013 - 2021, an industry leader in Train Connection Systems, with 22 subsidiaries around the world and more than 1200 employees globally. Before that, he held positions as Head of Global Sourcing at Xylem Europe GmbH and Director Strategic Sourcing at Bombardier Transportation. “We are very pleased that David Pagels...

In a major development signalling Cavotec’s entry into industrial battery charging for heavy duty vehicles, Cavotec is to supply a proof-of-concept battery charging system for use with heavy-duty mining trucks. The value of this first order is over EUR 3M with a potential for follow up orders, opening up a market that is estimated to be worth several hundred million euros in the coming years. Delivery is scheduled for the beginning of 2023. Building on Cavotec’s experience with fast, high...

Cavotec has won landmark shore power connection orders from two major customers in Asia, highlighting Cavotec’s growing presence in the region and our key role in enabling the decarbonisation of the maritime sector. The total value of the orders is more than EUR 2.2M. The orders were booked in the first quarter and deliveries are expected to start in the third quarter of this year. The orders are for a number of PowerAMPReels that will be fitted to container ships. One of the ships is a...

Cavotec has once again been awarded shore power equipment orders from a major global shipping line. The total value of the orders placed by a customer based in the Nordic region is more than EUR 2M. Deliveries are expected to start this spring and continue into early 2023. The equipment, which will enable safe and fast connection to shoreside electricity, will be retrofitted to some of the largest container ships in the world. The orders are for a significant number of Cavotec’s PowerAMPReels...