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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Thuraya Debuts Most Advanced Satellite Phone

Thuraya Telecommunications Company today launched the industry's most advanced satellite phone, the Thuraya XT-PRO. Targeted at professional users across a range

Research Award to Honor Outgoing ABB Chairman Gruenberg

ABB, the leading power and automation technology group, has created an international research award to honor Hubertus von Gruenberg, who is stepping down after

DNV GL's Walk to Work Guidelines for Offshore Personnel

Offshore facility operators can now consider an alternative and more cost-effective means to transfer personnel to and from their facilities, which is safe, efficient and regulatory compliant.

Finance

Research Award to Honor Outgoing ABB Chairman Gruenberg

ABB, the leading power and automation technology group, has created an international research award to honor Hubertus von Gruenberg, who is stepping down after

BP Shipping Marks its 100th Year

BP Shipping today celebrates its 100-year anniversary, making it the longest continually operating company in the BP group. Formed on April 30, 1915 as the British Tanker Company,

Myanmar Awards Statoil, Conoco Phillips Deepsea Exploration Contract

Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday.

Marine Equipment

Myanmar Awards Statoil, Conoco Phillips Deepsea Exploration Contract

Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday.

Volvo Penta Offers Extended Warranty

Volvo Penta has doubled the warranty on Genuine Volvo Penta Parts and Accessories that are purchased and installed at a Volvo Penta dealer — creating even better protection for customers.

Kongsberg Maritime to Equip Yinson Genesis FPSO

Kongsberg Maritime has been selected to supply a complete Electrical, Instrument and Telecom solution, including E- house, for the new Yinson Production (West Africa) Pte Ltd FPSO, ‘Yinson Genesis’.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.1540 sec (6 req/sec)