Caverion specifies its guidance regarding revenue

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| Source: Caverion Oyj
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Helsinki, Finland, 2014-01-09 08:20 CET (GLOBE NEWSWIRE) --

CAVERION CORPORATION    STOCK EXCHANGE RELEASE    JANUARY 9, 2014 AT 9:20
 

Caverion specifies its guidance regarding revenue

Caverion Corporation specifies its guidance announced in June 2013, regarding the revenue for the second half of 2013.

Caverion now estimates that the Group’s revenue for the second half of the year 2013 will be slightly below the previous guidance and is approximately EUR 1.29 billion, due to lower than expected service and maintenance revenue in December and postponements in Caverion’s project start-ups in Germany, among others.

The company repeats its previous guidance regarding EBITDA.

New guidance:

Caverion estimates that the Group’s revenue for the second half of 2013 will be approximately EUR 1.29 billion and EBITDA more than EUR 50 million.

The guidance does not take into account the non-recurring expenses related to the demerger, nor the expenses related to any potential mergers or acquisitions.

Previous guidance announced on June 4, 2013:

Caverion estimates that the Group’s revenue for the second half of 2013 is more than EUR 1.3 billion and EBITDA more than EUR 50 million.

The guidance does not take into account the non-recurring expenses related to the demerger, nor the expenses related to any potential mergers or acquisitions.
 

Caverion Corporation’s Financial Statements bulletin for 2013 will be published on Tuesday, January 28, 2014.

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, tel. +358 40 5581 328, milena.haeggstrom@caverion.fi


CAVERION CORPORATION
 

Distribution: NASDAQ OMX, principal media, www.caverion.com

Caverion designs, builds and maintains user-friendly and energy-efficient building systems and offers industrial services. Our services are used in offices and retail properties, housing, public premises and industrial plants, among other places. We aim to be the number one building systems company in Europe. Our strengths include technological competence and customer-oriented service, covering all building systems throughout the life cycle of the property. Caverion was established through the demerger of Building Services and Industrial Services businesses from YIT Group on June 30, 2013. Our revenue for 2012 amounted to approximately EUR 2.8 billion. Caverion has over 18,000 employees in 13 countries in Northern and Central Europe. The company’s shares are listed on the NASDAQ OMX Helsinki. www.caverion.com