{"id":13175,"date":"2024-05-22T00:59:08","date_gmt":"2024-05-22T00:59:08","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=13175"},"modified":"2024-05-21T15:01:59","modified_gmt":"2024-05-21T15:01:59","slug":"cavotec-q1-report","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/","title":{"rendered":"Cavotec Q1 Report"},"content":{"rendered":"

Cavotec, a cleantech company that designs and delivers connection and electrification solutions to enable the decarbonization of ports and industrial applications, has reported good revenue growth with increased profitability and cash flow in Q1 2024.<\/p>\n

\"\"

\u2018We are successful with our focus on the service business and the margin-improving measures are beginning to have an effect. We continue to implement our change programs and see that we have the potential for continued improvement\u2019 \u2014 David Pagels, CEO at Cavotec<\/p><\/div>\n

Highlights included a three-year service agreement signed for shore power systems in a large North American port; and ultra-fast 3 MW charging system for battery-powered heavy-duty vehicles entering service.<\/p>\n

David Pagels, CEO at Cavotec, said: \u201cOur performance improved\u2026proving our extensive change programs with focus on profitable growth to be effective.<\/p>\n

\u201cWe are successful with our focus on the service business and the margin-improving measures are beginning to have an effect.<\/p>\n

\u201cWe continue to implement our change programs and see that we have the potential for continued improvement.<\/p>\n

\u201cInternational regulations continue to drive the demand for our electrical solutions for the maritime industries while we see that our more cyclically dependent customers are a bit cautious with their investments,\u201d he added.<\/p>\n

\"\"

David Pagels, CEO at Cavotec<\/p><\/div>\n

Cavotec recently signed a two-year service agreement with APM Terminals at Port of Tanger and a break-through agreement with a major port in North America to provide all services on the shore power systems we have installed.<\/p>\n

Pagels said: \u201cThis deal is groundbreaking for us since will take care of the plug in and plug out the power units for the first time.<\/p>\n

\u201cThis provides us with valuable insights in how we can further improve our products while ensuring that the equipment is operated in the most efficient way.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Cavotec, a cleantech company that designs and delivers connection and electrification solutions to enable the decarbonization of ports and industrial applications, has reported good revenue growth with increased profitability and cash flow in Q1 2024. Highlights included a three-year service agreement signed for shore power systems in a large North American port; and ultra-fast 3… Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":13176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[718,10883,5367,157,106,2798,10884,99,62],"class_list":["post-13175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-cavotec","tag-cleantech","tag-decarbonization","tag-logistics","tag-material-handling","tag-port","tag-port-cleantech","tag-ports","tag-supply-chain"],"acf":[],"yoast_head":"\nCavotec Q1 Report - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cavotec Q1 Report - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"Cavotec, a cleantech company that designs and delivers connection and electrification solutions to enable the decarbonization of ports and industrial applications, has reported good revenue growth with increased profitability and cash flow in Q1 2024. Highlights included a three-year service agreement signed for shore power systems in a large North American port; and ultra-fast 3... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Find A Distributor Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-22T00:59:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-21-at-15.58.14.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1548\" \/>\n\t<meta property=\"og:image:height\" content=\"874\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"fad\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"fad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/\"},\"author\":{\"name\":\"fad\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#\\\/schema\\\/person\\\/46c235f575243584b2ec170a0cb099ff\"},\"headline\":\"Cavotec Q1 Report\",\"datePublished\":\"2024-05-22T00:59:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/\"},\"wordCount\":307,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Screenshot-2024-05-21-at-15.58.14.png\",\"keywords\":[\"Cavotec\",\"Cleantech\",\"Decarbonization\",\"Logistics\",\"Material Handling\",\"Port\",\"Port cleantech\",\"Ports\",\"Supply Chain\"],\"articleSection\":[\"Homepage Featured\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/\",\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/\",\"name\":\"Cavotec Q1 Report - Find A Distributor Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Screenshot-2024-05-21-at-15.58.14.png\",\"datePublished\":\"2024-05-22T00:59:08+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#\\\/schema\\\/person\\\/46c235f575243584b2ec170a0cb099ff\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Screenshot-2024-05-21-at-15.58.14.png\",\"contentUrl\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Screenshot-2024-05-21-at-15.58.14.png\",\"width\":1548,\"height\":874,\"caption\":\"David Pagels, CEO at Cavotec\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/cavotec-q1-report\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cavotec Q1 Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/\",\"name\":\"Find A Distributor Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/#\\\/schema\\\/person\\\/46c235f575243584b2ec170a0cb099ff\",\"name\":\"fad\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g\",\"caption\":\"fad\"},\"url\":\"https:\\\/\\\/www.findadistributor.com\\\/news\\\/author\\\/fad\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cavotec Q1 Report - Find A Distributor Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/","og_locale":"en_US","og_type":"article","og_title":"Cavotec Q1 Report - Find A Distributor Blog","og_description":"Cavotec, a cleantech company that designs and delivers connection and electrification solutions to enable the decarbonization of ports and industrial applications, has reported good revenue growth with increased profitability and cash flow in Q1 2024. Highlights included a three-year service agreement signed for shore power systems in a large North American port; and ultra-fast 3... Read More","og_url":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/","og_site_name":"Find A Distributor Blog","article_published_time":"2024-05-22T00:59:08+00:00","og_image":[{"width":1548,"height":874,"url":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-21-at-15.58.14.png","type":"image\/png"}],"author":"fad","twitter_misc":{"Written by":"fad","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/#article","isPartOf":{"@id":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/"},"author":{"name":"fad","@id":"https:\/\/www.findadistributor.com\/news\/#\/schema\/person\/46c235f575243584b2ec170a0cb099ff"},"headline":"Cavotec Q1 Report","datePublished":"2024-05-22T00:59:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/"},"wordCount":307,"commentCount":0,"image":{"@id":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-21-at-15.58.14.png","keywords":["Cavotec","Cleantech","Decarbonization","Logistics","Material Handling","Port","Port cleantech","Ports","Supply Chain"],"articleSection":["Homepage Featured","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/","url":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/","name":"Cavotec Q1 Report - Find A Distributor Blog","isPartOf":{"@id":"https:\/\/www.findadistributor.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/#primaryimage"},"image":{"@id":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-21-at-15.58.14.png","datePublished":"2024-05-22T00:59:08+00:00","author":{"@id":"https:\/\/www.findadistributor.com\/news\/#\/schema\/person\/46c235f575243584b2ec170a0cb099ff"},"breadcrumb":{"@id":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/#primaryimage","url":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-21-at-15.58.14.png","contentUrl":"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-21-at-15.58.14.png","width":1548,"height":874,"caption":"David Pagels, CEO at Cavotec"},{"@type":"BreadcrumbList","@id":"https:\/\/www.findadistributor.com\/news\/cavotec-q1-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.findadistributor.com\/news\/"},{"@type":"ListItem","position":2,"name":"Cavotec Q1 Report"}]},{"@type":"WebSite","@id":"https:\/\/www.findadistributor.com\/news\/#website","url":"https:\/\/www.findadistributor.com\/news\/","name":"Find A Distributor Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.findadistributor.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.findadistributor.com\/news\/#\/schema\/person\/46c235f575243584b2ec170a0cb099ff","name":"fad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2da03ff7df628fc9455b2e7b79222af131654dba2cd756a145cc1a3869bb736a?s=96&d=mm&r=g","caption":"fad"},"url":"https:\/\/www.findadistributor.com\/news\/author\/fad\/"}]}},"_links":{"self":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts\/13175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/comments?post=13175"}],"version-history":[{"count":1,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts\/13175\/revisions"}],"predecessor-version":[{"id":13178,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/posts\/13175\/revisions\/13178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/media\/13176"}],"wp:attachment":[{"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/media?parent=13175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/categories?post=13175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.findadistributor.com\/news\/wp-json\/wp\/v2\/tags?post=13175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}