Caverion Oyj - Company Announcement

Caverion’s Annual General Meeting on March 21, 2016: Caverion comments on the first quarter’s development

Helsinki, Finland, 2016-03-21 08:00 CET (GLOBE NEWSWIRE) -- 
CAVERION CORPORATION    STOCK EXCHANGE RELEASE    MARCH 21, 2016 AT 9:00 EET

Caverion’s Annual General Meeting on March 21, 2016: Caverion comments on the
first quarter’s development 

Caverion Corporation is holding its Annual General Meeting today, March 21,
2016 starting at 10:00 a.m Finnish time (EET) in Helsinki, Finland. The
Chairman of the Board of Directors Ari Lehtoranta will open the meeting, and
the President and CEO Fredrik Strand will in his review present Caverion’s
financial performance in 2015, market outlook and the company’s strategic
targets. In addition, Fredrik Strand will briefly comment on Caverion’s
development on the first quarter. 

“Caverion’s strategy execution is progressing according to plan. However,
during the first two months of 2016 the market conditions in Norway have not
improved from the end of 2015. Caverion does not expect any immediate
improvement in the Norwegian market,” says Fredrik Strand, CEO and President of
Caverion Corporation. 

The reported Group EBITDA for January-March is estimated to be in line with the
previous year. The guidance published on January 27, 2016 remains unchanged.
Caverion estimates that the Group’s revenue for 2016 will grow from the
previous year (2015: EUR 2,443 million) and EBITDA for 2016 will grow
significantly from the previous year (2015: EUR 91.5 million). 

The presentation materials of the President and CEO’s review and the agenda of
the Annual General Meeting, published on January 27, 2016, are available on
Caverion’s website at www.caverion.com/agm. 

For additional information, please contact: Milena Hæggström, Head of Investor
Relations, tel. +358 40 5581 328, milena.haeggstrom@caverion.fi 



CAVERION CORPORATION

Distribution: Nasdaq Helsinki, principal media, www.caverion.com

Caverion designs, builds, operates and maintains user-friendly and
energy-efficient technical solutions for buildings, industries and
infrastructure. Our services and solutions are used in commercial and
residential buildings and on industrial and public sector properties, as well
as in processes, ensuring business continuity, safety, healthy and pleasant
surroundings, optimal performance and cost management. Our vision is to be a
leading European provider of advanced and sustainable life cycle solutions for
buildings and industries. Our strengths include technological expertise and
comprehensive services, covering all technical disciplines throughout the
entire life cycles of properties and industrial plants. Our revenue in 2015 was
approximately EUR 2.4 billion. Caverion has over 17,000 employees in 12
countries in Northern, Central and Eastern Europe. Caverion’s shares are listed
on Nasdaq Helsinki.www.caverion.com 
@CaverionGroup

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