Cavotec reports 22.5% revenue fall in 3Q2020, small drop in backlog

Cavotec reported (30-Oct-2020) the following financial resulted for 3Q2020:

• Revenue: EUR 37.5 million, -22.5% year-on-year;
  
  • Airports & Industry segment revenue: -22.9%;
• EBIT: EUR0.7 million, -77.4% (EUR3.1 million in p-c-p), corresponding to a margin of 2.0% (6.4%);
• Net profit (loss): (EUR1.5 million), compared to a net profit of EUR3.5 million in the previous corresponding period (p-c-p);
• Operating cash flow: EUR 3.5 million, -53.9%;
• Net debt amounted to EUR 19.0 million, -14.0%;
• Order backlog: EUR91.6 million, -6.7%. [more - original PR]