Cavotec reports rise in Q2 sales
Cavotec MSL Holdings has reported a 34% rise in second quarter sales based on good performances from its ports and maritime division.
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Cavotec MSL Holdings has reported a 34% rise in second quarter sales based on good performances from its ports and maritime division.
The NZX-listed company said in a statement that second quarter sales rose from 34.4 million euro in Q2 2010 to 46 million euro, taking sales for the six months ended June 30 to 83.8 million euro, up 33%.
"This positive result is in line with the ongoing general resurgence in the ports and maritime industry already noted toward the end of full-year 2010," Cavotec said.
The firm said its ports and maritime division - which accounts for almost a third of revenue - received "a resulting flurry of orders that extended gains made in the first quarter for new technologies."
In February, the Swiss-based engineering group said it planned to quit its New Zealand stock exchange listing in favour of the Nasdaq MOX Stockholm. Shareholders will vote on that plan next month.
Cavotec shares are currently trading at $2.66.
NBR staff
Mon, 18 Jul 2011
Mon, 18 Jul 2011
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Cavotec reports rise in Q2 sales
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