Cavotec has published its Annual and Sustainability Report 2024, highlighting the company’s financial performance, strategic progress, and sustainability initiatives over the past year.
David Pagels, Cavotec CEO, commented on the company’s progress:
"In 2024, we established a stronger Cavotec with higher profitability and a strengthened financial position. Thanks to the success of our change
“We ended 2024 with strong order intake, higher order backlog and improved operating profitability. In 2024, we have established a stronger Cavotec with higher profitability and strengthened financial position. Thanks to the success of our change programs, we have also been able to invest in product development which have further strengthened our competitiveness. With the continued good demand for
Cavotec has appointed Jonathan Eriksson as Senior Vice President and Head of Industry Division and Nicklas Vedin as Senior Vice President and Head of Ports & Maritime Division. Patrick Mares, in Group Management since 2019, has been appointed Senior Vice President, Product Management and Chief Technology Officer.
Cavotec Hong Kong Limited, a wholly-owned subsidiary of Cavotec SA, has signed a Letter of Intent with Shanghai Zhenhua Heavy Industries Company Limited (ZPMC), a major publicly traded state-owned enterprise listed on the Shanghai Stock Exchange and a leader in the global heavy equipment manufacturing sector. This significant agreement, overseen by ZPMC’s principal shareholder, China Communication
“The improved profitability demonstrates that we are on the right track to build a stronger Cavotec. The markets we target are to an increasing extent driven by new regulations in the environmental field and the urgent need to reduce emissions. This, combined with our ability to further enhance our offer, gives us good momentum to continue growing with both new and existing customers.” David Pagel
“The order intake increased 11.0% in the quarter, mainly due to good demand for Ports & Maritime’s product and service offerings. Our profitability has improved steadily since the start of 2023 thanks to our extensive change programs. It is within our Ports & Maritime segment that we see the strongest improvements being realized and we are increasing our focus on implementing the same chan
Cavotec, a leading cleantech company, is pleased to announce the inauguration of its new production facility in Chennai, India. This strategic expansion is aimed at serving both the fast growing domestic market in India and the extensive global market.
“Our performance improved also in this quarter, proving our extensive change programs with focus on profitable growth to be effective. We are successful with our focus on the service business and the margin-improving measures are beginning to have an effect. Our business is driven by the megatrend of electrification of society and our largest segment – Ports & Maritime – is also driven by exte
Our largest MoorMaster™ project to date, our combined AMP and MoorMaster™ system designed – the first of its kind anywhere in the world – and our move up to Mid Cap on the Stockholm OMX: here’s our pick of the milestones that made 2013 another defining year for Cavotec.
Next week, we will be exhibiting at one of the world's largest offshore trade shows: OTC Houston, where we will be demonstrating how our innovative technologies are enabling the offshore energy sector function safely, cleanly and efficiently.
To show how and where our systems are helping industries to operate safely, efficiently and sustainably, we’re planning to post an image of Cavotec equipment on our Twitter feed every day of 2013. We’re calling this Cavotec365, and it’s something we’ll be asking for your help with too - find out more on our blog.
News of our latest project for our innovative Alternative Maritime Power (AMP) shore-to-ship electrical power systems, this time at the Port of Los Angeles (POLA).
Cavotec continues to strengthen its position as an important supplier of niche technologies to major Swedish industrial companies with several projects involving its radio remote control (RRC) systems in recent months.
Cavotec's radio remote control (RRC) experts - Cavotec Micro-control - recently took part in a highly successful ONS2012, one of the offshore energy industry's largest exhibitions. Held in Stravanger, Norway, between August 28 and 30, the event attracted some 50,000 attendees. Here's a brief overview of Cavotec's presence at the show.
The Board of Directors of the Cavotec engineering group is pleased to announce the acquisition of aircraft ground support equipment (GSE) manufacturer Combibox Systems Scandinavia AB, which in 2011 had revenues of approximately EUR 2 million. The acquistion made on 3 September 2012 is set to further strengthen the Group’s product offering and customer base in the global airports sector.
Following yesterday's release of our interim report, today we have news of an important order on the US market for our advanced, explosion proof radio remote control units for a niche onshore energy application.
Cavotec has fulfilled a series of requirements clearing the way towards moving its listing to the NASDAQ OMX, Stockholm.