Cavotec Group

* Sales in line, EBIT adj. EUR +0.5m vs. ABGSCe* Orders -18% vs. ABGSCe, weighed by timing and customer caution* Strengthened profitability in IndustryQ3 resultsOrder intake came in at EUR 36m (-18% vs. ABGSCe 44m), flat y-o-y. Sales came in at EUR 36m...

* Report out on 7 November* Q3e sales of EUR 40m (44m), EBIT EUR 2.3m (3m)* Customer hesitancy likely to persist in the near-termQ3 expectationsFor Q3 we estimate sales of EUR 40m (-10% y-o-y, +11% q-o-q) and order intake of EUR 38m (+5% y-o-y). We expect...

Lower sales but demand for shore power solid Cavotec reported sales of EUR 36m (17% below our estimate) and order intake of EUR 44m (7% above our estimate). The sales shortfall was primarily driven by customer delays in orders with short lead times due...

Stronger order intake, but lower sales Cavotec reported order intake of EUR 44m (+7% vs. ABGSCe 41m), +10% y-o-y. However, sales came in lower than expected at EUR 36m (-17% vs. ABGSCe 43m), -16% y-o-y. Management writes that increased global economic...

Q2 expectations We expect Q2 sales of EUR 43m, +1% y-o-y and +11% q-o-q. For Ports & Maritime we expect sales of EUR 26m (+1% y-o-y) and for Industry EUR 17m (+2% y-o-y). After a weak order intake in Q1 (after a strong Q4), we expect orders to pick up...