Cavotec reaffirms 1Q12 guidance on performance
7/27/2012 3:16 AM EST
Cavotec SA
Company Announcement
Cavotec reaffirms 1Q12 guidance on performance
The Board and Management of Cavotec SA would like to take this opportunity to
reaffirm the statement made in the 1Q12 Report regarding the company’s
performance.
As stated in the 1Q12 Report, Cavotec is well on-track to strengthen its level
of profitability compared to 2011. Furthermore, continued monitoring of
expenditure combined with diligent customer support has already resulted in
some noticeable achievements in three key areas:
-- Margins returning to historical levels
-- Continued increase in exposure to emerging and established non-European
markets
-- Strengthening of Cash Flow
Cavotec’s Board and Management also reiterate the comment made by the CEO in
the 1Q12 report that “Cavotec is currently well positioned to weather economic
downturns without significant impact to our overall results”.
Notice is made of Cavotec SA’s upcoming 2Q12 Report, which is to be released on
9 August 2012.
ENDS
For further details on this press release, contact Michael Scheepers, Director
Investor Relations & PR, at .
Cavotec is a leading global engineering group, developing innovative
technologies that enable the maritime, airports, mining and tunnelling, and
general industry sectors to operate more sustainably. To find out more about
Cavotec, visit our website: www.cavotec.com.