Cavotec press · 2026-05-01 00:00
Cavotec reported Q1 2026 order intake of €59.7m (+109% YoY), driven by the Ports & Maritime segment. Order backlog rose 30% to €151.1m. Key Q1 contracts include a €13m automated mooring order in North America and a €3m shore power project in southern Italy. Revenue fell 15.3% to €32.8m and EBIT swung to a loss of €2.8m (vs. +€0.8m Q1 2025), reflecting timing between order intake and revenue recognition in a project-driven business. Cost-saving measures targeting ~€3m annual reduction have been initiated, with full effect in early 2027.
Why it matters for P&M: P&M is the engine behind the record order intake and backlog build — the commercial turnaround is confirmed. The EBIT loss is a timing artefact, not a commercial signal. The €13m North America automated mooring win is the single largest disclosed contract and signals strong momentum in a key geography.