Q1 results
Order book came in at EUR 121m (-2.4% vs. ABGSCe 123m), -19% y-o-y. Sales came in at EUR 43m (-2.8% vs. ABGSCe 44m), +8.5% y-o-y (+9.7% org.). EBIT adj. was EUR 2.0m (+15% vs. ABGSCe 1.7m), for a margin of +4.5% (ABGSCe +3.9%). EPS adj. came in at EUR 0 (-20% vs. ABGSCe 0), -136% y-o-y. FCF lease adj. came in at EUR -0.47m (-112% vs. ABGSCe 4.1m), -86% y-o-y. It is promising to see that Cavotec's strategic priorities, associated to its change programmes, are starting to pay off.
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