Caverion Oyj - Company Announcement

Changes to Caverion Corporation’s external financial reporting in 2016

Helsinki, Finland, 2016-01-27 07:50 CET (GLOBE NEWSWIRE) -- 
CAVERION CORPORATION   STOCK EXCHANGE RELEASE   JANUARY 27, 2016 AT 8:50 EET

Changes to Caverion Corporation’s external financial reporting in 2016

Caverion Corporation is making changes to its external financial reporting as
of January 1, 2016 in order to increase the transparency of its operations and
align the financial reporting with the next phase of Group strategy. 

The reporting by business areas will be aligned with the recent development of
the Group business mix. The old business areas (“Service and Maintenance” and
“Projects”) will thereby be replaced by three new business areas: “Technical
Installation and Maintenance”, “Large Projects” and “Managed Services”. Going
forward, Caverion will disclose revenue based on this new business area
breakdown. 

Furthermore, the geographical breakdown will be reported by divisions: Sweden,
Finland, Germany, Denmark-Norway, Austria, Eastern Europe and Industrial
Solutions. Going forward, Caverion will disclose revenue and personnel by
division. 

The changes above will not affect the segment structure of Caverion. The Group
will still only have one single operative segment that also includes the Group
services and other items. 

Caverion will also start reporting its Free Cash Flow on a quarterly basis. The
Free Cash Flow is defined as: Free cash flow = Operating cash flow before
financial and tax items – Taxes paid – Investments (net). 

The first interim report based on the new reporting structure will be published
on April 28, 2016 (interim report for January–March 2016). 

The changes to external reporting will have no effect on the Group’s strategic
targets. 



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
infrastructures. Our services and solutions are used in commercial, industrial,
public and residential buildings and processes ensuring business continuity,
safe, healthy and comfortable conditions, optimised performance and cost
control. We aim to be a leading European provider of advanced and sustainable
life cycle solutions. Our strengths include technological competence and
comprehensive services, covering all technical disciplines throughout the life
cycle of the property and industrial plant. Our revenue for 2014 amounted to
approximately EUR 2.4 billion. Caverion has about 17,000 employees in 12
countries in Northern, Central and Eastern Europe. Caverion’s shares are listed
on Nasdaq Helsinki. www.caverion.com