Cavotec reports strong first quarter results

Global engineering group, Cavotec, is pleased to announce a strong start to 2011, with revenue for the Group up 33 per cent to EUR 37.7 million, and operating profit jumping 77 per cent to EUR 2.1 million.The positive momentum from 2010 continued into the first quarter with increases in sales revenues across all Cavotec market units, creating excellent conditions for further growth in the months and years ahead. Cavotec's order book now stands at EUR 77.8 million, up 6.3 per cent on 1Q 2010 and 17.2 per cent stronger on FY10. The Ports & Maritime unit recorded revenues of EUR 10.1