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Caverion Oyj (CAV1V.HE)

CAV1V.HE on Helsinki Stock Exchange

6.56EUR
1:05pm GMT
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€0.13 (+2.02%)
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€6.43
Open
€6.39
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€6.57
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€6.36
Volume
1,075,648
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103,605
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€8.29
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€6.16

Latest Key Developments (Source: Significant Developments)

Caverion To Sell Unit In Germany To STEAG Energy Services
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Caverion Oyj ::CAVERION TO SELL ITS KRANTZ BUSINESS IN GERMANY TO STEAG ENERGY SERVICES GMBH.‍DIVESTMENT IS EXPECTED TO BE COMPLETED, INCLUDING PAYMENT, BY END OF YEAR 2017​.‍TRANSACTION VALUE IS NOT DISCLOSED.​.  Full Article

Caverion gets order of EUR 13 mln from Austria
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - CAVERION OYJ ::CAVERION MODERNISES THE TUNNEL TECHNOLOGY IN PERJENTUNNEL IN AUSTRIA.‍VALUE OF CONTRACT IS EUR 13 MILLION.​.‍WORK ON NEW SECOND TUBE WILL BE COMPLETED BY END OF 2018​.  Full Article

Caverion makes partnership agreement with Enegia​
Monday, 30 Oct 2017 

Oct 30 (Reuters) - CAVERION OYJ ::‍CAVERION AND ENEGIA HAVE MADE A PARTNERSHIP AGREEMENT ON PROVIDING ENERGY EFFICIENCY SERVICES​.‍VALUE OF ASSET DEAL IS NOT DISCLOSED​.‍ENEGIA'S REMOTE MANAGEMENT BUSINESS AND ASSOCIATED PERSONNEL WILL TRANSFER TO CAVERION FINLAND ON 1 NOV.  Full Article

Caverion Q3 adjusted EBITDA below expectations at EUR 13.8 mln
Friday, 27 Oct 2017 

Oct 27 (Reuters) - CAVERION OYJ ::Q3 REVENUE EUR ‍545.1​ MILLION (REUTERS POLL EUR 570 MILLION).Q3 ADJUSTED EBITDA EUR ‍13.8​ MILLION (REUTERS POLL EUR 15.0 MILLION).‍GUIDANCE FOR 2017 IS UNCHANGED​.  Full Article

Caverion names Ari Lehtoranta new President and CEO
Tuesday, 27 Sep 2016 

Caverion Oyj : Has appointed Ari Lehtoranta as new President and CEO . Lehtoranta will assume new position on Jan. 1, 2017 .Ari Lehtoranta is currently President and CEO of Nokian Tyres Plc Full Article

Caverion names Martti Ala-Härkönen new CFO
Monday, 22 Aug 2016 

Caverion Oyj : Says Martti Ala-Härkönen has been appointed as CFO . Martti Ala-Härkönen's latest position was CFO of Cramo Group .CFO Antti Heinola will leave company as of Sept. 30.  Full Article

Caverion delivers project for Novo Nordisk's new insulin production facility
Friday, 5 Aug 2016 

Caverion Oyj : Caverion delivers a project for Novo Nordisk's new insulin production facility in Hillerød, Denmark . Facility will produce medicines for treatment of diabetes and obesity . Project started in June 2016 and ends in February 2017 . Contract has a volume of approximately 5.4 million euros ($6.02 million) .Builder is Novo Nordisk A/S Full Article

BRIEF-Caverion Q2 EBITDA swings to loss of EUR 14.4 million
Thursday, 21 Jul 2016 

Caverion Oyj : Q2 revenue 615.5 million euros ($678.7 million) versus 638.1 million euros year ago (Reuters poll: 619 million euros) . End-Q2 backlog 1.55 billion euros versus 1.39 billion euros year ago . Q2 EBITDA loss 14.4 million euros versus profit 22.0 million euros year ago (Reuters poll: profit of 2.92 million euros) . In large projects market, new tenders for buildings and industry are expected to increase during year .Technical installation and maintenance market is expected to remain stable, however price competition is expected to remain tight in technical installations projects.  Full Article

Caverion signs contract with insurance company in Germany
Tuesday, 28 Jun 2016 

Caverion Oyj : Caverion signs a managed services contract with insurance company HUK Coburg in Germany .Value of 5-year contract is not disclosed.  Full Article

Caverion to cut jobs, lowers EBITDA guidance for 2016
Monday, 20 Jun 2016 

Caverion Oyj : Says business review results in restructuring actions including reduction of up to 700 employees . Says has carried out review of operations in all divisions with operative challenges . Says has experienced profitability problems in 2016 due to resource overcapacity and challenges in executing and managing projects mainly in divisions Sweden and Denmark-Norway . Says profitability of some bigger projects in Germany and Norway has been weaker than forecasted . Says investments in many corporate development projects resulted in too high fixed costs . Says personnel reductions are estimated to affect up to 700 employees . Says main focus will be in divisions Sweden and Denmark-Norway and in Group Services . Says restructuring costs for 2016 will be in region of 20 million euros - 30 million euros ($22.69 million - $34.03 million) . Lowers its EBITDA guidance for 2016 - now sees 2016 EBITDA ex. restructuring costs to decrease clearly from previous year's level of 91.5 million euros . Earlier expected group's EBITDA for 2016 to grow from previous year . Still sees revenue for 2016 to remain at previous year's level of 2.44 billion euros .Says keeps its strategic financial targets intact.  Full Article

Finnish electrical workers plan one-week strike

HELSINKI, Oct 18 The Finnish Electrical Workers' Union said on Wednesday it was planning a one-week strike at companies including steel makers and elevator firms due to a dispute over wage-setting and collective agreements in the industry.