CCC Cavotec Group Holdings NV

Cavotec wins shore power orders valued at EUR 4.5M for new-build container ships

Cavotec wins shore power orders valued at EUR 4.5M for new-build container ships

Cavotec has been awarded shore power connection orders for container ships being built in China, highlighting Cavotec’s key role as a trusted partner in the decarbonisation of the global maritime supply chain and its continued growth in the Chinese and wider shore power markets. The combined value of the orders is approximately EUR 4.5M and deliveries are scheduled to take place in the next two years.

Cavotec will supply PowerAmpReel shore power connection systems for a number of 13,000-TEU and 7,000-TEU new-build container ships owned by Chartworld and EPS, respectively. 

The systems will enable the ships to connect to shoreside power supply where available, dramatically reducing emissions of harmful carbon dioxide, nitrogen and sulphur oxides, and particulate matter, thereby improving air quality in the port and nearby residential areas.

Cavotec’s innovative shore power systems are playing a vital role in enabling ports and shipping lines reduce their environmental impact and achieve climate targets.

For further details 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 CET on 8 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
08/03/2022

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