Cavotec Group AB (CCC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Cavitec's first quarter presentation. I'm David Pagels, I'm the CEO of Cavitec and together with me today I have as usual Joakim Wahlqvist, Cavitec's CFO. Let me as usual start with a short introduction of Cavitech. This year we are celebrating our 50 years anniversary. I think that the key takeaway from our long history is our ability to innovate and to adapt to changing market conditions. Not least in these times when we are living in an uncertain world with many rumors, speculations and changes and unclear messages, this is an important ability. Cavatec is specialized in developing, designing and delivering electrification and automation solutions to different industrial applications. With our offering, we target a number of industries and over the past years, the ports and maritime sector has developed our strongest customer segment. We contribute to reducing emissions in, and among other places, ports, while our solutions also help to lower noise levels. As you know, we report two business segments. Our service offering is reported into those two business segments, ports and maritime, as well as industry. Ports and Maritime provides world leading solutions for ports, ships and other marine applications. We have a unique system, for example, automated mooring, shore power, crane electrification and connection, as well as charging systems. All these solutions contribute significantly to improved environmental and efficiency in ports worldwide. Our customers include ship owners and operators, ports and terminals, port equipment manufacturers, as well as shipyards. Ports and Maritime is our largest segment and represents the majority of our group's sales and EBITDA. However, we also have the industry segment with its unique selling points...