Cavotec Presents Q1 2012 Report

Press Release
Tuesday, May 08, 2012

Cavotec SA, makers of vacuum-based mooring system, alternative maritime power (AMP) equipment etc. reports positive Q1 2012 growth

Cavotec say that the ports and maritime sector is at the heart of their business – as it has been for over forty years – with a focus on safety, reliability and the environment .

A summary of their first quarter 2012 financial report is as follows:

•    Revenues increased 23.5% to EUR 46,570 thousands (1Q11: 37,718)
•    Operating result up 43.9% to EUR 3,086 thousands (1Q11: 2,145)
•    Operating margin increased to 6.6% compared to 5.7% in 1Q11
•    Very strong cash generation in the period, net cash flow from operations EUR 4,371 thousands (1Q11: -3,017)
•    Order Intake for the last twelve months rolling reached EUR 218,545 thousands, up 36.2% (1Q11: 160,455)
•    Order Book stood at EUR 100,984 thousands, increase of 29.7% compared to 31 March 2011 (77,830)

A comment from the CEO

1Q12 was a positive quarter for Cavotec with good levels of activity throughout all our Market Units. Ports & Maritime continued to show very strong momentum throughout the quarter, with all MU’s experiencing positive growth compared to 1Q11. Our innovations played a significant role in achieving these results, with our AMP systems booking especially positive results in 1Q12. I’m also pleased to see the very encouraging Order Intake in the quarter for the Airports and Mining & Tunnelling Market Units.
One of our main goals for 2012 is to strengthen the level of profitability compared to 2011. Already in 1Q I can report that we are well on track to achieve this goal.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

Finance

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

Moore Stephens Expects Vessel Operating Cost to Rise

Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens.

Marine Equipment

Kalmar 5th Generation Gloria Reachstackers Enter US

Kalmar, part of Cargotec, is launching its highly acclaimed range of reachstackers, called Gloria into the Americas. The eagerly awaited launch follows the successful

John Deere Expands Tier 3 Engine Line

John Deere Power Systems (JDPS) has introduced new propulsion ratings to its EPAMarine Tier 3 engine offerings. The new PowerTech 4045TFM85 propulsion ratings expand

Caterpillar: Q3 Results Show Improvement

Caterpillar Inc. today announced its third-quarter results, in which it reported profit per share of $1.63 for the third quarter of 2014, an increase from third-quarter 2013 profit per share of $1.

Deck Machinery

MacGregor Reorganizes into 7 Operative Divisions

MacGregor, part of Cargotec, announces changes in its operative structure and starts a reorganization into seven operative divisions which will become effective on January 1, 2015.

SOSI Delivers Mooring Winches; Completes Test Pad

Sound Ocean Systems, Inc. (SOSI) announced the delivery of two unique mooring winches, both tested on its newly constructed test pad at its primary manufacturing facility in Sultan, Wash.

Barge Master Installed on Walk-To-Work Vessel

On October 14 the Barge Master BM-T40 system motion-compensated knuckle boom crane pedestal was installed on the new Wagenborg Walk-to-Work vessel, designed and built by Royal Niestern Sander.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1396 sec (7 req/sec)