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Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Beskrivning

LandSchweiz
ListaMid Cap Stockholm
SektorIndustri
IndustriIndustriprodukter
Cavotec är en industrikoncern. Inom koncernen återfinns ett brett utbud av lösningar för diverse affärsområden, inklusive marknaderna sjöfart, gruva, industri och flyg. Lösningarna innefattar exempelvis strömförsörjning av kranar, rälsar, kablar och kontrollsystem. Koncernen har ett globalt ingenjörsnätverk på global nivå och verksamhet innehas huvudsakligen inom Europa och Nordamerika. Huvudkontoret ligger i Lugano, Schweiz.

Kalender

2021-02-19 Bokslutskommuniké 2020
2020-10-30 Kvartalsrapport 2020-Q3
2020-07-24 Kvartalsrapport 2020-Q2
2020-05-14 Ordinarie utdelning CCC 0.00 SEK
2020-05-13 Årsstämma 2019
2020-04-30 Kvartalsrapport 2020-Q1
2020-02-21 Bokslutskommuniké 2019
2019-11-08 Kvartalsrapport 2019-Q3
2019-07-31 Kvartalsrapport 2019-Q2
2019-05-13 Ordinarie utdelning CCC 0.00 SEK
2019-05-10 Årsstämma 2018
2019-05-03 Kvartalsrapport 2019-Q1
2019-02-21 Bokslutskommuniké 2018
2018-11-02 Kvartalsrapport 2018-Q3
2018-08-03 Kvartalsrapport 2018-Q2
2018-05-04 Kvartalsrapport 2018-Q1
2018-04-13 Ordinarie utdelning CCC 0.02 SEK
2018-04-12 Årsstämma 2017
2018-02-23 Bokslutskommuniké 2017
2017-10-31 Kvartalsrapport 2017-Q3
2017-08-02 Kvartalsrapport 2017-Q2
2017-06-09 Ordinarie utdelning CCC 0.45 SEK
2017-05-03 Kvartalsrapport 2017-Q1
2017-03-29 Årsstämma 2016
2017-02-22 Bokslutskommuniké 2016
2016-11-03 Kvartalsrapport 2016-Q3
2016-08-04 Kvartalsrapport 2016-Q2
2016-07-01 Ordinarie utdelning CCC 0.25 SEK
2016-05-10 Kvartalsrapport 2016-Q1
2016-04-22 Årsstämma 2015
2016-02-25 Bokslutskommuniké 2015
2015-11-05 Kvartalsrapport 2015-Q3
2015-08-05 Kvartalsrapport 2015-Q2
2015-07-01 Ordinarie utdelning CCC 0.44 SEK
2015-05-06 Kvartalsrapport 2015-Q1
2015-04-22 Årsstämma 2014
2015-02-26 Bokslutskommuniké 2014
2014-11-06 Kvartalsrapport 2014-Q3
2014-11-06 Analytiker möte 2014
2014-08-07 Kvartalsrapport 2014-Q2
2014-05-06 Kvartalsrapport 2014-Q1
2014-04-24 Ordinarie utdelning CCC 0.36 SEK
2014-04-23 Årsstämma 2013
2014-02-26 Bokslutskommuniké 2013
2013-11-07 Kvartalsrapport 2013-Q3
2013-11-07 Analytiker möte 2013
2013-08-08 Kvartalsrapport 2013-Q2
2013-05-06 Kvartalsrapport 2013-Q1
2013-04-24 Ordinarie utdelning CCC 0.35 SEK
2013-04-23 Årsstämma 2012
2013-02-26 Bokslutskommuniké 2012
2012-11-12 Kvartalsrapport 2012-Q3
2012-11-12 Analytiker möte 2012
2012-08-09 Kvartalsrapport 2012-Q2
2012-05-07 Kvartalsrapport 2012-Q1
2012-05-04 Årsstämma 2011
2012-02-29 Bokslutskommuniké 2011
2011-11-16 Kvartalsrapport 2011-Q3
2020-03-25 20:00:00
  • Revenues for Q1 2020 expected to decrease 15-20% compared to Q1 2019, due to government decision to close down businesses in Italy, including Cavotec’s production facility, leading to postponements of deliveries to customers
  • Remaining production units in the USA, Europe and Asia are fully operational
  • Order backlog expected to grow in the first quarter on the back of strong market interest
  • No order cancellations related to the COVID-19 situation

Cavotec SA believes there is a risk of material revenue impact in Q1 2020 compared to earlier expectations due to postponements of deliveries. Based on current assessment, the Group’s revenue is expected to be 15 to 20 percent lower in Q1 2020 compared to Q1 2019. The revenue decline is related to COVID-19 and Italy´s decision to close all non-essential businesses, which includes Cavotec´s production facility outside Milan. Many deliveries scheduled for the last two weeks of March will now be postponed to the next quarter. Cavotec’s other production facilities in the USA, Europe and Asia are fully operational and have so far only been indirectly affected by COVID-19 due to logistical restrictions. Our production facility in California, USA has been classified by the authorities as an essential business. 

The Group has proactively implemented cost control measures at the start of the COVID-19 situation and is at the moment expected to stay profitable in the quarter even at the lower revenue level.  

Mikael Norin, CEO, says; ”I am very thankful for the strong support from our customers during these exceptional times. We are working actively with them to re-schedule deliveries impacted by the COVID-19 situation. At the same time their interest in new business with us has remained at a strong level in the quarter as a whole, including March which means that the order backlog continues to grow.”

Norin continued; “We have during this period again seen that our absolute biggest strength is our incredible people all over the world who are working hard every day to support our customers, and our primary focus is their health and wellbeing. We will continue to do what is necessary in this regard while also securing the continuity of our operations”. 

Due to the uncertainty of how the COVID-19 situation will develop, it is too early to draw any conclusion of the financial impact on the Group for future periods.

ENDS 

For further details please contact:

Johan Hähnel 
Investor Relations Manager 
Telephone: +46 70 605 63 34 
Email: investor@cavotec.com

This is information that Cavotec SA is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 20:00 CET on 25 March, 2020.

About Cavotec
Cavotec is a leading engineering group that designs and manufactures automated connection and electrification systems for ports, airports and industrial applications worldwide. Cavotec’s innovative technologies ensure safe, efficient and sustainable operationsTo find out more about Cavotec, visit our website at cavotec.com.