Cavotec Group AB (CCC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Cavitec's second quarter presentation. I am David Pogels, the CEO of Cavitec and together with me today I have as usual Joakim Waldqvist, Cavitec's CFO. I would like to start with a short introduction. For those of you who are not familiar with us, Cabotek was founded 50 years ago by three entrepreneurs in Sweden. Since the foundation, Cabotek has focused on delivering innovative, engineered solutions that enhance safety, reliability and performance in areas such as ports and industries where our electrical cable reels or radio remote system controls are needed. Our products enable decarbonization of ports, mines and other industrial applications. As part of our global expansion, Cavitec moved to Switzerland in 2007. Last year we successfully completed the move of our registered office back to our roots in Sweden. As part of that transaction, we relisted at Nasdaq Stockholm with our new Swedish parent company. This move brings us closer to our shareholders based in Sweden and will enable us to become more efficient in HR. Today, 50 years after our foundation, we are present across the globe with over 700 employees. So I would like to comment on the highlights in the second quarter. Both order intake and revenue developed well. Order intake grew over 11% and the revenue increased by more than 25%. Our order backlog is now record high, which reflects the strong demand for our products and services. Despite the strong revenue performance, I'm not satisfied with the results for the quarter. Profitability has been negatively affected by mix effects, partly caused by delayed deliveries for a few larger shore power projects with low margins. These orders were signed already in 2024. However, I would like to underline that we are confident with th...