Brief: Cavotec Group Q1 EBIT Swings To Loss Of EUR 2.8 Million
24/04/2026 06:14
April 24 (Reuters) - Cavotec Group AB CCCG.ST: Q1 ORDER INTAKE INCREASED 109.0% TO EUR 59.7 MILLION (28.6) DRIVEN BY GOOD DEMAND IN PORTS & MARITIME Q1 REVENUE DECREASED 15.3% TO EUR 32.8 MILLION (38.7) Q1 OPERATING RESULT (EBIT) AMOUNTED TO EUR -2.8 MILLION (0.8) WITH AN OPERATING MARGIN OF -8.6% (1.9%) WE ARE INCREASING INTENSITY, SCOPE OF COST ADJUSTMENTS WE INITIATED IN 2025 IN CONNECTION WITH RELOCATION OF HQ FROM SWITZERLAND TO SWEDEN COST-SAVING MEASURES TO BE FULLY IMPLEMENTED IN 2026, TO REDUCE COSTS BY ABOUT EUR 3 MILLION WITH SOME EFFECT IN H2 2026, FULL EFFECT EARLY 2027 COST OF MEASURES TOTALLING EUR 3 MILLION TO BE TAKEN ON AN ONGOING BASIS DURING 2026, REPORTED AS ITEMS AFFECTING COMPARABILITY STARTING Q2 2026 Source text: ID:nMFN5yjWqc Further company coverage: CCCG.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))