Caverion Oyj - Company Announcement

Caverion Corporation’s reporting structure to change

Helsinki, Finland, 2014-01-28 06:50 CET (GLOBE NEWSWIRE) -- 

CAVERION CORPORATION     STOCK EXCHANGE RELEASE     JANUARY 28, 2014 AT 7:50 EET


Caverion Corporation's reporting structure to change

Caverion Corporation is changing its external reporting structure as of January
1, 2014 to better match the company's new management structure and business
areas. The segments based on geographical areas (Building Services Northern
Europe and Building Services Central Europe) are replaced by one single
operative segment, that will also include the Group services and other items. 

At the same time, Caverion is renewing its guidance terminology so that it will
more closely reflect the newly established company's practice in estimating the
future financial development. In the future, the company will give a verbal
guidance with regard to revenue and profitability. However, the development of
profitability in 2014 will be estimated also in absolute figures, due to the
exceptional comparison period. 

Geographical segments originated from a period when Caverion was still part of
YIT Corporation. The division into Northern Europe and Central Europe was based
on different development phases of these two areas due to acquisition of German
Caverion GmbH in 2010, among others. The acquired businesses are now fully
integrated, and therefore the reasoning for division no longer exists. The
change in the reporting structure also reflects the goal to streamline the
company's management and organisation. 

Since Caverion's establishment, both service and maintenance and project
businesses have been developed strongly across all countries. Therefore,
replacing reporting segments that are purely based on geographical areas was an
evident decision. 

The first interim report based on the new reporting structure will be published
on April 24, 2014 (interim report for January-March 2014). 

The change in reporting structure 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 OMX, principal media, www.caverion.com