Cavotec Reports Third Quarter 2026 Financial Results

Cavotec Group reported third-quarter 2026 revenue of EUR 42.6 million, up 18.9% year over year, and a record order backlog of EUR 160 million, supported by demand for shore power systems and motorized cable reels. EBIT improved to EUR 0.8 million from a loss of EUR 0.5 million a year earlier. The company said profitability remains below expectations despite higher volumes and is pursuing cost savings targeting an annual run-rate reduction of EUR 3 million by early 2027.