Cavotec SA
STO:CCC
Cavotec SA
Cavotec SA engages in the design and manufacture of automated connection and electrification systems for ports, airports, and industrial applications. The company is headquartered in Lugano, Ticino. The company went IPO on 2011-10-19. Through the Ports and Maritime segment, it offers automated mooring equipment, shore-to-ship electrical systems and electrical transmission and control systems, such as collector columns, swivel joint units and cable reels. The Airports segment includes propulsion controlled aircraft systems, fuelling arms, units for power and dry preconditioned air supply of aircrafts, cable coilers and power conversion equipment. The Mining and Tunneling segment comprises various mining equipment, such as cables, cable reels, power connectors and industrial radio remote controls. The General Industry segment offers a range of products, including slip ring columns for wind turbines and power connectors for high speed trains, among others. On September 3, 2012, it acquired aircraft ground support equipment manufacturer Combibox Systems Scandinavia AB.
Cavotec SA engages in the design and manufacture of automated connection and electrification systems for ports, airports, and industrial applications. The company is headquartered in Lugano, Ticino. The company went IPO on 2011-10-19. Through the Ports and Maritime segment, it offers automated mooring equipment, shore-to-ship electrical systems and electrical transmission and control systems, such as collector columns, swivel joint units and cable reels. The Airports segment includes propulsion controlled aircraft systems, fuelling arms, units for power and dry preconditioned air supply of aircrafts, cable coilers and power conversion equipment. The Mining and Tunneling segment comprises various mining equipment, such as cables, cable reels, power connectors and industrial radio remote controls. The General Industry segment offers a range of products, including slip ring columns for wind turbines and power connectors for high speed trains, among others. On September 3, 2012, it acquired aircraft ground support equipment manufacturer Combibox Systems Scandinavia AB.
Revenue Decline: Revenue fell 16.2% to EUR 35.7 million, mainly due to customer caution and delayed purchasing decisions.
Profitability Impacted: EBIT and net profit both declined, with a net loss of EUR 1.5 million versus a profit of EUR 0.7 million last year, affected by lower sales and ramp-up costs.
Order Intake Strength: Order intake rose 10.1% to EUR 44.4 million, driven by strong demand in Ports & Maritime, especially shore power solutions.
Backlog Growth: Order backlog increased 5.5% year-on-year to EUR 124.9 million, and 7.4% sequentially, providing visibility for future sales.
Headquarters Relocation: Successfully moved company headquarters from Switzerland back to Sweden, expected to improve agility and reduce costs.
No Order Cancellations: Management stressed there have been no cancellations, just delays, and they are prepared for further uncertainty.
New Product Launches: Several new products were launched, including next-generation radio remotes, with more launches planned for late 2025.
