Cavotec (CCC) investor relations material

Executive summary

• Order intake grew 11.3% year-over-year to EUR 49.4 million in Q2 2026, with H1 order intake at EUR 109.1 million and a record-high order backlog of EUR 155.8 million, reflecting strong demand in both Ports & Maritime and Industry segments.

• Revenue increased 25.3% year-over-year in Q2 to EUR 44.7 million and 4.2% for H1 to EUR 77.5 million, driven by robust demand in both segments.

• Profitability was negatively impacted by mix effects and delayed deliveries of low-margin shore power projects, resulting in EBIT of EUR -2.2 million and net profit of EUR -3.2 million for Q2.

• Cost-saving measures are underway, targeting EUR 3 million in annual savings by early 2027, with EUR 1.1 million in restructuring costs incurred in H1 and some benefits expected later in 2026.

• Major orders for shore power systems were secured, including EUR 1.5 million for a cruise terminal in California, EUR 7 million for vessel retrofits, and EUR 8 million for newbuild container ships.

Financial highlights

• Q2 2026 revenue: EUR 44.7 million (+25.3% YoY); H1 2026 revenue: EUR 77.5 million (+4.2% YoY).

• Q2 EBIT: EUR -2.2 million (margin -5.0%); adjusted EBIT: EUR -1.1 million (margin -2.5%).

• H1 EBIT: EUR -5.1 million (margin -6.6%); adjusted EBIT: EUR -3.9 million (margin -5.1%).

• Net result for Q2: EUR -3.3 million; H1: EUR -7.3 million.

• Net debt increased to EUR -10.9 million; leverage ratio rose to 2.33x.

Outlook and guidance

• Management expects improved margins in H2 2026, supported by a strong order backlog and ongoing cost-saving initiatives.

• Revenue growth is expected to continue, driven by robust order backlog and ongoing demand in both segments.

• Full impact of cost savings expected by early 2027, with partial effects anticipated in late 2026.