Caverion Oyj - Company Announcement

Caverion provides preliminary information on its first quarter EBITDA

Helsinki, Finland, 2016-04-22 13:00 CEST (GLOBE NEWSWIRE) -- 
CAVERION CORPORATION    STOCK EXCHANGE RELEASE     APRIL 22, 2016 AT 2:00 PM
EEST 

Caverion provides preliminary information on its first quarter EBITDA

Caverion Corporation provides preliminary information on its first quarter
EBITDA. The reported Group EBITDA for January–March 2016 decreased clearly from
the previous year and amounted to EUR 11.5 (1-3/2015: 14.2) million. The
reported Group EBITDA for January-March was earlier estimated to be in line
with the previous year (stock exchange release on March 21, 2016). 

“During the period, we have recognised a lower than planned utilisation rate in
our Technical Installation and Maintenance units. Based on this we have taken
relevant actions and initiated restructuring actions corresponding to a cost of
EUR 2.0 million in the first quarter,” says Fredrik Strand, CEO and President
of Caverion Corporation. 

The figures are based on unaudited preliminary financial results for the
period. Caverion will publish its interim report for January–March 2016 on
Thursday April 28 at approximately 9:00 a.m. Finnish time (EEST). 

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). 

For additional information, please contact:

Antti Heinola, Chief Financial Officer, Caverion Corporation, tel. +358 40 352
1033, antti.heinola@caverion.fi 

Milena Hæggström, Head of Investor Relations, Caverion Corporation, 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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