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    CCC   CH0136071542

CAVOTEC SA

(CCC)
  Report
Delayed Quote. Delayed Nasdaq Stockholm - 07/30 11:29:52 am
26.5 SEK   -1.85%
07/30CAVOTEC : 2Q21 Report
PU
07/30CAVOTEC SA : - Interim report January - June 2021
AQ
07/30PRESS RELEASE : Cavotec SA - Interim report January - June 2021
DJ
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Press Release: Cavotec wins EUR 5M in additional cleantech orders to equip world's largest container ships with ShorePower systems

06/09/2021 | 02:00am EDT
 
   Cavotec has won a series of orders in the second quarter with a total 
value of EUR 5M -- to equip the world's largest new-build container 
ships with ShorePower systems. This is in addition to EUR 3M in orders 
already secured in the first quarter. The powerful cleantech 
technologies enables dramatic pollution reductions and are the latest 
example of how Cavotec is enabling the modernization and decarbonization 
of the global ports and shipping sector. 
 
   "We're proud to support the world's major container shipping lines in 
their journey towards sustainable operations. As the leading supplier of 
shore power systems, Cavotec is trusted to provide worldwide connection 
compatibility for vessels using shoreside power supply," says Mikael 
Norin, Cavotec CEO. 
 
   The majority of orders are for new-build container vessels for 
international shipping line MSC and for Samsung Heavy Industries (SHI), 
one of the world's largest ship builders. With these orders, MSC and SHI 
are demonstrating their trust in Cavotec's innovative ShorePower systems, 
Cavotec's global footprint, and our capacity to provide comprehensive 
local support throughout design, installation, and commissioning. 
 
   Cavotec will supply PowerAMPReels for MSC, SHI, and a number of other 
customers. The majority of the systems will be fitted to new-build 
container ships with a capacity of 24,000 TEU. The PowerAMPReels systems 
also include weather-proof enclosures. On each vessel, one ShorePower 
system will be installed on the port side and one on the starboard side 
to enable fast and safe connection to shoreside electricity in every 
port where available. 
 
   ENDS 
 
   For further details please contact: 
 
   Johan Hähnel 
 
   Investor Relations Manager 
 
   Telephone: +46 70 605 63 34. Email: 
https://www.globenewswire.com/Tracker?data=SX5IN6FjnqH4fQprJFnCRq5zayKGlOhQtl8mDxwsEEais0mcVFAuMpiIAtHATtH1jHPlADWNgtlOgW_-uRO_ZnGtyJUzyp5fUOntrN-yDOs= 
investor@cavotec.com 
 
   The information was submitted for publication, through the agency of the 
contact person set out above, at 08:00 CEST on 9 June 2021. 
 
   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 worldwide. 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 
https://www.globenewswire.com/Tracker?data=xCFasdSaKk_6-VoALhBphnVuBS6AaikO5KHSQebFczsKbZxiFgzTw256nK4Hyky20LxVFbjEq9pOztR9BeebUg== 
cavotec.com. 
 
   Attachment 
 
 
   -- Press Release 9 June 2021 
      https://ml-eu.globenewswire.com/Resource/Download/07052bd6-1670-454e-9392-1d8eed5db954 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

June 09, 2021 02:00 ET (06:00 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
CAVOTEC SA -1.85% 26.5 Delayed Quote.24.41%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
GLOBAL PORTS HOLDING PLC 0.39% 130 Delayed Quote.27.76%
SAMSUNG ELECTRONICS CO., LTD. -0.63% 78500 End-of-day quote.-3.09%
SAMSUNG HEAVY INDUSTRIES CO., LTD. 0.00% 6540 End-of-day quote.-7.10%
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Financials
Sales 2021 168 M 200 M 200 M
Net income 2021 6,60 M 7,83 M 7,83 M
Net Debt 2021 13,0 M 15,4 M 15,4 M
P/E ratio 2021 37,1x
Yield 2021 -
Capitalization 244 M 290 M 290 M
EV / Sales 2021 1,53x
EV / Sales 2022 1,12x
Nbr of Employees 753
Free-Float 46,5%
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Mean consensus -
Number of Analysts 1
Last Close Price 26,50 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Mikael Curt Norin Group Chief Executive Officer
Glenn Campbell Withers Group Chief Financial Officer
Patrik Tigerschiöld Chairman
Giorgio Lingiardi Group Chief Information Officer
Martin Riegger Group COO & Group Senior Vice President-Operations
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