KEY POINTS:
Engineering group Cavotec MSL has recorded its strongest order book on the back of healthy performances in the maritime, airports and general industry sectors.
Orders were up 8.7 per cent on the year, and 9.5 per cent on the quarter, with the group's order book worth a total of ¬44.4 million ($93.8 million) on June 30. Order intake for the 12 months to June also increased by 5.9 per cent to ¬135.7 million.
"Our strong order book ... gives us reason to remain positive for the coming 12 months and beyond," said chief executive Ottonel Popesco.
The group - which listed on the NZX last year after a reverse takeover of Christchurch company Mooring Systems by Swiss-based Cavotec - recently announced a breakthrough with its Alternative Maritime Power technology after connecting a container vessel to shore-based AMP at the Port of Los Angeles in California.
The vacuum-based technology of Mooring Systems has also proven a success, with major deals with Nordic Ferry Services in Denmark, and the Port of Salalah in Oman.
The past quarter also saw a deal with UAE airline Emirates for 10 A380 flying tow bars, and three types of in-ground pit systems for Sheremetyevo and Vnukovo airports in Moscow.
It also acquired aircraft refuelling systems specialist Dabico Group in April.
Its Shanghai operations, meanwhile, have received an order for 40 sets of power connectors for installation on high-speed passenger trains, while radio remote control for a locomotive was recently installed for Dofasco, which is part of the Arcelor Mittal Group based in Toronto.
Shares in the group, which supplies engineering systems throughout the world, closed steady $4.48 having ranged between $5.30 and $3.90 in the past year.
