Cavotec SA (CHIX:CCCs)

kr 19.7 0 (0%) Market Cap: 1.80 Bil Enterprise Value: 1.80 Bil PE Ratio: 34.07 PB Ratio: 2.72 GF Score: 78/100

Q2 2019 Cavotec SA Earnings Call Transcript

Jul 31, 2019 / 08:00AM GMT

Release Date Price: kr14.2 (+2.53%)

Transcript

Operator

Hello and welcome to the Cavotec Q2 report for 2019. (Operator Instructions)

So today, I'm pleased to present CEO Mikael Norin and CFO Glenn Withers.

Please begin.

Mikael Norin

Cavotec SA - Group CEO

Good morning, everyone, and welcome to this audiocast.

My name is Mikael Norin. I am the CEO of Cavotec. And as usual, I have with me our CFO, Glenn Withers, today. And the topic of this presentation is the Q2 2019 Cavotec report.

Let me start by putting the report into context. At the beginning of May, we presented new financial targets for Cavotec at our Investor Information Meeting in Stockholm. And at that meeting, we spoke about how the turnaround of Cavotec is a 3-step process and how we as a result of this process are targeting to reach an annual adjusted EBIT margin of more than 7% within 2 years and more than 10% within 4 years as well as an annual organic revenue growth of at least 5% from 2020 and beyond. Now we spoke about how the first step is now concluded and how we have from the beginning of this year turned

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