Press release -
Cavotec reaffirms 1Q12 guidance on performance
The Board and Management of Cavotec SA would like to take this opportunity to reaffirm the statement made in the 1Q12 Report regarding the company’s performance.
As stated in the 1Q12 Report, Cavotec is well on-track to strengthen its level of profitability compared to 2011. Furthermore, continued monitoring of expenditure combined with diligent customer support has already resulted in some noticeable achievements in three key areas:
- Margins returning to historical levels
- Continued increase in exposure to emerging and established non-European markets
- Strengthening of Cash Flow
Cavotec’s Board and Management also reiterate the comment made by the CEO in the 1Q12 report that “Cavotec is currently well positioned to weather economic downturns without significant impact to our overall results”.
Notice is made of Cavotec SA’s upcoming 2Q12 Report, which is to be released on 9 August 2012.
Cavotec is a leading global engineering group, developing innovative technologies that enable the maritime, airports, mining and tunnelling, and general industry sectors to operate productively and sustainably.