We are pleased to announce a strong start to 2011, with revenue for the Group up 33 per cent to EUR 37.7 million, and operating profit jumping 77 per cent to EUR 2.1 million. The full report is available for download at the following link:

Cavotec – 1st Quarter Report 2011

For all our recent results and reports:

Results & Reports

The positive momentum from 2010 continued into the first quarter with increases in sales revenues across all our market units, creating excellent conditions for further growth in the months and years ahead. Our order book now stands at EUR 77.8 million, up 6.3 per cent on 1Q 2010 and 17.2 per cent stronger on FY10.

Our Ports & Maritime unit recorded revenues of EUR 10.1 million, up 23.1% on 1Q10. This performance represents a significant increase in activity for the Group in this sector, and, more broadly, indicates recovery in an industry sector hit harder than most during the financial crisis.

Equally impressive are the figures from our Airports Market Unit, with revenue up 64.3% on 1Q10 to EUR 10.4 million. These figures are primarily the result of continued growth in the Middle and Far East markets, where spending on airport infrastructure remains at consistently high levels.

Our Mining & Tunnelling unit, also registered a strong recovery on the year, with revenue increasing 64.4% to EUR 6.9 million. The strength of this result lies for a large part in the continued growth in the commodities market and the steady resurgence of large OEMs such as Atlas Copco and Sandvik.

The General Industry Market Unit, recorded an increase of 7.8% on the year to EUR 10.3 million. This unit is the most diverse in terms of sectors it serves, and as such reflects general economic sentiment across a wide range of industries. It is especially encouraging therefore to note a robust performance by this Market Unit.

Supplied by Cavotec, Brevetti chains serve thousands of offshore applications.

We will be exhibiting at one of the world’s leading trade shows for the offshore energy industry, OTC, that gets underway next week in Houston.

Our range of advanced products in the offshore sector includes radio remote controls (RRCs), Brevetti chains, power connectors, Gesmann crane controllers, cable reels and Ex collectors.

First held in 1969, the Offshore Technology Conference (OTC) highlights the development of technologies that serve the offshore industry in the fields of drilling, exploration, production, and environmental protection. The annual event is held in Houston, Texas and attracts some 65,000 visitors and 2,000 exhibiting companies from more than 110 countries.

Our stand this year is part of the Norwegian Pavilion – #5235 – which we will be sharing with Norsafe and TTS Energy.

Click here for a full exhibition booth map

TTS Energy and Cavotec partner on several projects for the offshore industry. See the short film below describing their activities in the sector.

And we’ve covered examples of the sort of applications we partner on this site:

Plain Sailing for Remote Controlled Unmanned Vessel

The “Port Equipment Manufacturers Association” (PEMA) continues to grow its presence in the global ports industry with the addition of three new members - Cascade Corporation, Hans Kuenz and Vahle - taking the Association’s membership to 44.

“Port Equipment Manufacturers Association” provides a forum for the global port equipment and technology sectors, reflecting their critical role in enabling safe, secure, sustainable and productive ports and thereby supporting world maritime trade.

In the past two years, the Association has substantially expanded its membership and the scope of its activities.
For example, PEMA recently established working groups on safety, the environment and technology:
PEMA Expands with Safety, Security in Mind 

Vahle’s cable management, conductor bar and inductive power systems are used in applications around the world to power mobile equipment such as overhead cranes, production lines and vehicles that require land-based power.

Kuenz manufactures container transfer and handling cranes for intermodal applications, automated stacking cranes for harbour and rail yard operations, and custom-designed spreaders.

Founded in 1943 in Portland, Oregon as a small machine shop employing just four people, Cascade has grown to be a leading global provider of lift truck attachments and related products. Today the company has three manufacturing facilities in the US, plus production subsidiaries worldwide.

“Port Equipment Manufacturers Association” members now include: ABB, Actiw, Advanced Microwave Engineering, APS Technology, Baltkran, Brevetti Stendalto, Brieda Cabins, Bromma, Bureau Veritas, Cargotec, Cascade, Cavotec, Conductix-Wampfler, Control Techniques, Craneports, Gottwald Port Technology, Hans Kuenz, Hi-Tech Solutions, Hyster Europe, Identec Solutions, ifm electronics, Konecranes, Lasstec, Linde Heavy Truck Division, Liftech Consultants, Loxystem, MAFI Transport-Systeme, Michelin, Nexans, Portek Group, Pintsch Bubenzer, Prysmian, RAM Spreaders, Sany Port Equipment, SICK, Siemens, Stinis, Svetruck, Terberg Benschop, Terex Cranes, Tratos Cavi, TTS Port Equipment, Vahle and Visy.