Cavotec: 2010’s 1Q report released

Amid signs of sustained recovery in the global economy, we have posted some favourable figures for the first quarter (Q1) of 2010.

Order Intake for the period edged 0.9 per cent higher on the year to EUR 35.3 million, while Cavotec’s Order Book stood at EUR 73.4 million, a record 37.4 per cent jump on the year.

Reflecting a return in confidence across a wide range of geographical areas, Cavotec’s Airports Market Unit reported successes in India, Argentina and the Middle East.

Our Ports & Maritime solutions also enjoyed a strong quarter, with orders for offshore equipment in the North Sea and ERTG cable reels in Viet Nam. Our automated mooring technology, MoorMaster, also continued to attract interest throughout the period.

With a respectable 2009 results, and now a solid Q1, we are looking ahead to the remainder of 2010, and beyond, with a sense of cautious optimism.

For more details, read the report in full.

2009’s 4Q report released

Having released 2009’s 4Q report yesterday, we have a respectable Order Intake and a strong Order Book.  Order Intake was €54.7 million, a 51.9 % increase over Q4 2008 and the year-end Order Book was €65.4 million, a 41.9% increase over 2008. Naturally, these numbers give us a renewed optimism as we head into 2010.

Most notable, the Government of the Kingdom of Bahrain selected us to supply and integrate a range of environmentally sounds ground service equipment for remote aircraft aprons at Bahrain International Airport – a deal worth roughly €30 million.

Read more about the Bahrain deal or the full 4Q report here.

2009’s 3Q report released

Today’s 3Q report highlights an Order Intake of €28 million, up 7.1% from Q2 2009 levels and an Order Book of €46.2 million, up 3.7% from Q2 2009 levels.

Thanks to significant orders in the Airport market unit, such as the NDIA project, our 4Q Order Intake should be the highest in the Cavotec’s history, well over €50 million. This would put 2009 figures in line with 2008’s record intake of €146.5 million.

Read the report in full.

2009’s Interim report released

As seen in our most recent Interim Report, strong order intake from the third and fourth quarters of 2008 and the first quarter of 2009 gave our Group the stimulus it needed to deliver a respectable Half Year performance to our shareholders. While our financial results are lower than in the corresponding period of 2008, Cavotec has successfully operated within this tough economic environment to maintain an acceptable level of profitability and continue planting seeds for future growth.

From January through June 2009, we recognized EUR 64.1 million of revenue from sales of goods.  And as of 31 July 2009, our order book stands at a EUR 44.2 million and there are many prospects we have been following for months that are beginning to materialize into orders.

For comprehensive figures, read the report in full.

2009’s 2Q report released

Consistent with overall global activity, our Q2 report shows Orderly Intake at €26.2 million, down 29.1% compared to Q1 2008.  On a rolling 12-month basis, Order Intake of €133.0 million is only slightly lower than the 2008 level, but 8.6% lower than Q1 2009.

The Order Book of €44.5 million is just barely (.3%) higher than the level at Q2 2008.  As such, we remain a step ahead of our industry’s economic trends and are prepared to gain momentum in the second half of 2009.

Read the report in full.

2009’s 1Q report released

As of 2009’s first quarter, we have maintained steady performance in Order Book and overall Order Intake activity.

In fact, this March Port Hedland Port Authority made the largest MoorMaster™order to date, with 14 MM200B units to support the mooring of bulk vessels at the port.  It is also of note that our Airports unit secured one of our largest orders ever from Saudi Oger to deliver 53 integrated ground support systems to two aircraft hangars in Saudi Arabia.

Order Intake is 7.7% above Q12008 levels and with €53.4 million, we have another record Order Book.

Read the report in full.