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International engineering group

Cavotec

Cavotec is an international engineering group that designs and manufactures systems within power transmission and distribution, remote controlling and automation for end markets such as ports, maritime, airports, mining and tunnelling. Its Ports & Maritime segment provides systems such as automated mooring, motorised cable reels, shore power connection systems. The Airports & Industry segment offers ground-support equipment (GSE) for aircraft at airports such as power and pre-conditioned air (PCA), while also providing motorised cable reels and radio remote controls (RRC) for mining and general industry.

Financials

CAVOTEC

EURm 2018 2019 2020
Sales 208 217 230
Sales growth (%) -2,1 4,3 6
EBITDA 2 22 N/A
EBITDA margin (%) -5,9 0,8 10,2
EBIT adj 10 13 18
EBIT adj margin (%) 4,5 6,3 8,2
Pretax profit -4 14 22
EPS rep -0,07 0,13 0,2
EPS growth (%) 82,3 292,8 53,1
EPS adj 0,12 0,13 0,2
DPS 0,02 0,03 0,05
EV/EBITDA (x) 79,2 5,8 4
EV/EBIT adj (x) 10,4 7,2 4,7
P/E (x) -20,4 10,6 6,9
P/E adj (x) 11,5 10,6 6,9
EV/sales (x) 0,7 0,6 0,5
FCF yield (%) -7,4 10,1 14,5
Dividend yield (%) 1,4 2,1 3,4
Net IB debt/EBITDA 12,8 0,6 0,1

Main shareholders

Cavotec

Main shareholders Share capital % Voting shares % Verified
Bure Equity 27.3 % 27.3 % 4 Jan 2019
Fjärde AP-fonden 9.7 % 9.7 % 30 Sep 2018
Fabio Cannavale 9.3 % 9.3 % 30 Sep 2018
Lars Hellman 6.6 % 6.6 % 30 Sep 2018
Stefan Widegren 6.3 % 6.3 % 24 Nov 2017
Catella Fonder 5.1 % 5.1 % 31 Dec 2018
Michael Colaco 5.0 % 5.0 % 31 Dec 2017
Fondita Fonder 4.2 % 4.2 % 31 Oct 2018
Leena Essén 3.1 % 3.1 % 6 Mar 2013
Otonel Popesco 2.8 % 2.8 % 29 Nov 2017
Source: Holdings by Modular Finance AB

Insider list

Cavotec

Name
Mikael Norin
Mikael Norin
Patrik Tigerschiöld
Patrick Rosenwald
Liselott Byström
Patrick Rosenwald
Mikael Norin
Anna Tigerschiöld
Anna Kirtap AB
Nicklas Vedin
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