Last $5.28 USD
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As of 4:30 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

cavotec sa (CAVEF) Snapshot

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$5.28
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52 Week High
07/24/14 - $5.28
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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
78.5M
EX-Date
07/2/14
P/E TM
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Dividend
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Dividend Yield
1.06%
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cavotec sa (CAVEF) Details

Cavotec SA, an engineering group, manufactures and sells power transmission, distribution, and control technologies worldwide. It offers alternative maritime power, automated mooring systems, cables, crane controllers, marine propulsion slip rings, motorized cable reels, panzer belts, power chains, power connectors, radio remote controls, radio remote controls receiver units, slip ring columns, spring driven cable reels, and steel chains for ports and maritime sector. The company also provides aircraft ground support equipment, including aircraft cables, aircraft connectors, aircraft tow-bars, aviation fuelling arms, aviation fuelling solutions, cable coilers, crocodile systems, in-ground fuel systems, in-ground utility systems, loading terminals, mobile caddies, mobile fuelling and service units, pre-conditioned air systems, and utility pits for airports sector. In addition, it offers mining and tunneling equipment comprising cables and hoses, motorized cable reels, power connectors, radio remote controls, radio remote controls receiver units, and spring driven cable reels. Further, the company provides cable chains, cables, loading terminals, motorized cable reels, power connectors, radio remote controls, radio remote controls receiver units, rotating electrical connectors, slip ring columns, spring driven reels, and surge controls for factory automation, offshore energy, and theatres and fairgrounds industries. Cavotec SA was founded in 1974 and is headquartered in Lugano, Switzerland.

1,017 Employees
Last Reported Date: 11/6/14
Founded in 1974

cavotec sa (CAVEF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: SFr.707.2K
Compensation as of Fiscal Year 2012.

cavotec sa (CAVEF) Key Developments

Cavotec SA Announces Management Changes

Cavotec SA announced that Chief Financial Officer Diego Fiorentini has resigned on 30 November 2014 to pursue another opportunity and will leave the company at the end of his notice period. The company has initiated a recruiting process for a new Chief Financial Officer and in order to ensure a smooth transition for the new CFO, the board member Mrs. Leena Essen will act as CFO in the interim period. Mr. Fiorentini will continue as an advisor to the company for several on-going projects.

Cavotec Elects Patrik Tigerschiöld to the Board of Directors

Cavotec at its EGM adopted the Board of Directors' proposal and, in accordance with the Nomination Committee's recommendation, Patrik Tigerschiöld was elected to the Board of Directors. He is the Chairman of Bure Equity AB since April 2013 (also during 2004-2009) following his tenure as President & CEO of the company. He is also the Chairman of Micronic Mydata AB. He serves as Board member for Mercuri International AB and Stockholms Universitet.

Cavotec SA Announces Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fiscal 2014

Cavotec SA announced consolidated and standalone earnings results for the third quarter and nine months ended September 30, 2014. On consolidated basis, the company's revenues increased by 29.8% compared to in the third quarter of 2013 to EUR 67,360,000. As a result, operating result in the quarter was EUR 7,641,000 compared to EUR 3,025,000 in the same quarter of 2013. Adjusted operating result, after deducting litigation and restructuring costs, reached EUR 8,634,000 compared to EUR 3,460,000 in the third quarter of 2013. Profit before tax was EUR 10,752,000 against profit of EUR 2,159,000 a year ago and net profit for the quarter increased to EUR 9,539,000 compared to a profit of EUR 2,914,000 in the third quarter of 2013. In the third quarter of 2014 operating cash flow turned positive at EUR 3,495,000 due to the good level of profitability of the quarter. Basic and diluted earnings per share attributed were EUR 0.131 against EUR 0.041 a year ago. Adjusted operating result (EBIT) was EUR 8,634,000 in the quarter compared to EUR 3,460,000 in the third quarter of 2013. For the nine months of 2014, on consolidated basis, the company’s revenues reached EUR 160,586,000, a 6.9% decrease compared to the nine months of 2013, of which a negative 3.4% was due to adverse exchange rate fluctuations. Adjusted operating result, after excluding litigation and restructuring costs amounted to EUR 8,420,000 compared with EUR 11,572 in the nine months of 2013, while operating result amounted to EUR 6,048,000 compared with EUR 10,294 in the nine months of 2013. This decrease was mainly due to lower volumes and an increase in employee benefit costs. Net profit ended at EUR 6,542,000. In the nine months of 2014 operating cash flow was negative at EUR 1,651,000 with a continuous improvement from the previous quarter. Net debt amounted to EUR 19,987,000 in the nine months of 2014, a decrease compared to EUR 42,271,000 in the previous quarter due to the increase of capital. The reduction of net debt and the improvement of profitability had a positive effect on the covenants. Basic and diluted earnings per share attributed were EUR 0.091 against EUR 0.112 a year ago. For the quarter, on standalone basis, the company reported operating loss of EUR 68,000 against EUR 47,000 a year ago. Loss before income tax was EUR 99,000 against EUR 27,000 a year ago. Loss for the period was EUR 109,000 against EUR 33,000 a year ago. For the nine months period, on standalone basis, the company reported operating loss of EUR 860,000 against EUR 892,000 a year ago. Loss before income tax was EUR 905,000 against EUR 882,000 a year ago. Loss for the period was EUR 927,000 against EUR 899,000 a year ago. The company announced fiscal 2014 revenues target of EUR 225 million to EUR 235 million with an EBIT margin of approximately 6%.

 

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