Cavotec Group AB (CCC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Covertech's first quarter presentation 2026. I am David Pogels, CEO of Covertech, and together with me today, as I have, as usual, Joakim Wallfist, my CFO at Covertech. I would like to start with a short introduction of Cavitech. For those of you who are not familiar with us yet, Cavitech was founded more than 50 years ago by three entrepreneurs in Sweden. Since the foundation, Cavitech has focused on delivering innovative engineered solutions that enhance safety, reliability and performance in areas such as ports and other industries where our electrical cable reels or radio remote controls are needed. Our products enable the cabotization of ports, mines and other industrial applications. As part of its global expansion, Cabotek moved to Switzerland in 2007, but last year we successfully completed the move back of our registered office back to our roots in Sweden in Stockholm. As part of the transaction, we are relisted on Nasdaq Stockholm with our new Swedish parent company. These moves bring us closer to our shareholder base in Sweden and will enable us to become more efficient in Asia. At present, we are across the globe, roughly 700 employees. As you know, we report two business segments. Our service offering is reported into those two segments. So the first segment is port 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 and charging systems. All those systems and solutions contribute significantly to improve environments and working conditions in ports worldwide. Our customers include ship owners, operators, ports and terminals, port equipment manufacturers and shipyards. Ports & Me...