Cavotec SA (OSTO:CCC)
kr 18 0.2 (1.12%) Market Cap: 1.92 Bil Enterprise Value: 1.89 Bil PE Ratio: 81.45 PB Ratio: 2.99 GF Score: 74/100

Q4 2019 Cavotec SA Earnings Call Transcript

Feb 21, 2020 / 09:00AM GMT
Release Date Price: kr23 (-0.86%)
Operator

Good morning, everyone, and welcome to the Cavotec Q4 Report Call. (Operator Instructions) Today, I'm pleased to present CEO, Mikael Norin; and CFO, Glenn Withers. Please go ahead with your meeting.

Mikael Norin
Cavotec SA - Group CEO

Thank you, and good morning, everyone, and welcome to this audiocast. As you heard, my name is Mikael Norin, CEO of Cavotec. And with me, I have our CFO, Glenn Withers, today. And we're here to present our year-end report for 2019.

I'd like to start with talking about how 2019 really was a milestone year for Cavotec. It was the year that we finalized the transformation of the company that we launched in the fall of 2017. In this transformation, we have completed a thorough reorganization and restructuring of our business, a strengthening of the management team and a successful rights issue.

In this period, we also launched a new strategy and published financial targets for the company. During the year that's just passed, we have focused on locking in the improvements from these initiatives and on further

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