Growth continues in Q2: an overview of our interim report

We recently published our interim results, and in case you missed them, here is a brief overview of how the Group performed in the first of the year.

Cavotec equipment powers machinery at applications worldwide

Cavotec equipment powers machinery at applications worldwide

Overall, the report was positive, with the Group reporting growth in most markets. Revenues increased 21 per cent to more than EUR 101,282 thousands (a record high), and our Order Book was up almost 6 per cent to EUR 100,595 thousands compared to the end of 2011.

You can download a PDF of the full report here.

The period was strong for our Ports & Maritime unit with a large number of projects. Our Alternative Maritime Power systems that supply electrical power for ships in port attracted several good orders in Asia and the US. Our orders from the Port of Oakland and Long Beach were particular highlights.

Our Airports unit registered strong progress throughout the period with orders in mature markets such as Europe and the US, and in emerging markets such as India and the Middle East.

Mining & Tunnelling was strong throughout the first months of the year, with markets in Australia and North America being especially buoyant; while investment in major infrastructure projects lifted demand for the Group’s tunnelling systems.

Our diverse General Industry unit continued its positive performance with encouraging results in the US, where our advanced radio remote control systems continued to develop an impressive profile with customers for performing highly specialised functions in niche sectors such as offshore energy.

If you would like to find out more about Cavotec, take a look at our Investor Relations website, or drop me a line here at any time.