Cavotec SA ("the Company") today, May 27, 2021 held its Annual General Meeting ("AGM") in Lugano, Switzerland. Appointment of the Chairman of the day The AGM appointed Massimo Vanotti as Chairman of the day. Annual Report, Financial Statements and Consolidated Financial Statements for the
The fast-growing market for electrification and automation of ports around the world is estimated to be worth several billion euros in the coming years. Cavotec will invest 20 million euro in technology, engineering and business development over the next five years to strengthen its leading
Den snabbt växande marknaden för elektrifiering och automatisering av hamnar runt om i världen uppskattas vara värd tiotals miljarder kronor under de kommande åren. Cavotec avser därför investera ca 200 miljoner kronor i teknik- och affärsutveckling under de närmaste fem åren för att stärka sin
Strong order backlog and revenue in “New Cavotec” On 5 March 2021, we communicated a decision to focus our resources and make investments in our ports & maritime and industrial markets. As a consequence, a process was initiated to divest the Airports business.
The AGM will take place Thursday, May 27, 2021, 14:00 CEST at Cavotec SA headquarters in Lugano, Switzerland (Via G.B. Pioda 14, Lugano). IMPORTANT COMMUNICATION: no personal attendance and exercise of rights exclusively through the Independent Proxy In view of the current situation involving the
Cavotec will focus resources and make investments to further develop its leading position within electrification and automation for improved sustainability in its fast-growing ports & maritime and specialized industrial applications markets and, as a consequence, will divest its Airports business.
Cavotec has published its Annual Report 2020 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@example.com. ENDS For further details please contact: Johan Hähnel Investor
Resilient profitability and record cashflow despite lower revenue OCTOBER – DECEMBER 2020 Revenue decreased -15.7% to EUR 40.3 million (47.8). Ports & Maritime decreased -20.8% and Airports & Industry decreased -11.3% EBIT excluding non-recurring items decreased to EUR 1.0 million (5.6),
Following his appointment as CEO of international investment group Verlinvest earlier this year Roberto Italia has decided to resign from Cavotec’s Board of Directors with immediate effect to focus on that role. Roberto Italia has been a board member of Cavotec since 2018.
Positive EBIT and cash flow on lower revenues JULY–SEPTEMBER 2020 Revenue decreased -22.5% to EUR 37.5 million (48.4). Ports & maritime decreased -21.9% and Airports & Industry decreased -22.9% EBIT decreased to EUR 0.7 million (3.1), corresponding to a margin of 2.0% (6.4%) Net result for