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  • Cavotec Publishes Annual and Sustainability Report 2024

    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

  • Solid financial improvements in 2024

    “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 appoints new members of Group Management

    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 SA Signs Strategic Cooperation Agreement with Shanghai Zhenhua Heavy Industries (ZPMC)

    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

  • Cavotec Q3 2024 report: Strengthened profitability

    “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

  • Cavotec Q2 2024 report: Strong order intake with improved profitability and cash flow

    “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 Inaugurates New Production Facility in Chennai, India

    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.

  • Cavotec Q1 report: Good revenue growth with increased profitability and cash flow

    “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

  • Cavotec strengthens customer base with acquisition of ground support equipment manufacturer Combibox

    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.