Cavotec reports strong order intake but weaker Q1 financial performance

Cavotec reported a sharp increase in order intake in the first quarter of 2026, but revenue and profitability declined following weaker market conditions in 2025.

Order intake more than doubled, rising 109% to €59.7 million, driven by strong demand in the Ports & Maritime segment. Order backlog also increased by 30% to €151.1 million, reflecting improved commercial momentum.

Despite this, revenue fell 15.3% year-on-year to €32.8 million. Lower volumes, linked to delayed customer decisions in 2025, weighed on performance.

The company posted an operating loss (EBIT) of €2.8 million, compared to a profit of €0.8 million in the same period last year. The operating margin dropped to -8.6%, impacted by reduced activity in the Ports & Maritime division.

Net loss for the period reached €4.0 million, while operating cash flow declined significantly to €0.5 million due to lower revenue and profitability.

During the quarter, Cavotec secured key contracts, including a €13 million order for automated mooring systems in North America and a €3 million shore power project in southern Italy.

The company has launched cost-saving measures aimed at reducing expenses by approximately €3 million. These measures will be fully implemented خلال 2026, with full impact expected by early 2027.

“Order intake was strong in the first quarter in both our divisions, but revenue and profitability decreased due to the weak market in 2025,” said David Pagels, CEO of Cavotec.

Looking ahead, the company expects market conditions to remain uncertain in the short term but sees long-term growth supported by trends such as electrification, automation and sustainability in ports and industrial sectors.