CCC Cavotec Group Holdings NV

Cavotec wins cleantech orders worth EUR 2M to equip world’s largest container ships

Cavotec wins cleantech orders worth EUR 2M to equip world’s largest container ships

Cavotec has once again been awarded shore power equipment orders from a major global shipping line. The total value of the orders placed by a customer based in the Nordic region is more than EUR 2M. Deliveries are expected to start this spring and continue into early 2023. The equipment, which will enable safe and fast connection to shoreside electricity, will be retrofitted to some of the largest container ships in the world. 

The orders are for a significant number of Cavotec’s PowerAMPReels and will enable the vessels to connect to shore power wherever available. This enables considerable reductions in emissions of carbon dioxide, nitrogen and sulphur oxides, and particulate matter, thereby improving air quality in the port and nearby residential areas. The systems (two PowerAMPReels per ship) will be installed on the container ships during scheduled maintenance in drydock. Deliveries are expected to start this spring and continue into early 2023.

Cavotec’s innovative shore power systems play a key role in enabling ports and shipping lines to reduce their environmental impact and achieve climate targets.

For further details on this release, please contact:

Johan Hähnel 

Investor Relations Manager 

4; 

This information was submitted for publication, through the agency of the contact person set out above, at 08:30 CEST on 31 March 2022.

About Cavotec

Cavotec is a leading cleantech company that designs and delivers connection and electrification solutions to enable the decarbonization of ports and industrial applications. Backed by more than 40 years of experience, our systems ensure safe, efficient and sustainable operations for a wide variety of customers and applications worldwide. Learn more at .

Attachment



EN
31/03/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Cavotec Group Holdings NV

Cavotec SA: 1 director

A director at Cavotec SA bought 700,000 shares at 17.030SEK and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...

ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Karl Bokvist
  • Lara Mohtadi

Margins climb for fifth straight quarter

Q1: sales EUR 42m, +9% y-o-y, order intake EUR 40m, -5% y-o-y. We lower '24e-'26e sales and order intake by 6-10% and 4-6%. Keep margin estimates largely intact on improved profitability.

ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Karl Bokvist
  • Lara Mohtadi
ABGSC Capital Goods Research ... (+4)
  • ABGSC Capital Goods Research
  • Henric Hintze
  • Karl Bokvist
  • Lara Mohtadi

Margin improvements ahead

Q1 report due Wednesday 15 May at 07:00 CEST. Q1e: sales EUR 44.2m, up 12% y-o-y; EBIT margin of 3.9% (0.8%). We expect positive margins, sales and cash flow trends to continue.

Adrian Gilani ... (+2)
  • Adrian Gilani
  • Karl Bokvist

Cavotec SA - Increased confidence in H2 profitability

Strong backlog, growth in sales and break-even EBIT ‘22e EBIT up 2%, ‘23e-‘24e EBIT down 9-4% ‘24e EBIT 4x above ‘22e, 24% org. sales CAGR ‘22e-24e

ResearchPool Subscriptions

Get the most out of your insights

Get in touch