Financial development in 2016


Guidance for 2017

Caverion estimates that the Group’s revenue will remain at the previous year's level in 2017 (2016: EUR 2,364 million). Caverion estimates that the Group’s EBITDA excluding restructuring costs will more than double in 2017 (2016: EUR 15.6 million).

Key figures
EUR million20162015Change
Order backlog1,408.11,461.4-3.6%
EBITDA excluding restructuring costs15.6  
EBITDA margin excluding restructuring costs, %0.7  
EBITDA margin, %-0.53.7 
Operating profit-40.865.0 
Operating profit margin, %-1.72.7 
Net profit for the period-31.746.6 
Earnings per share, undiluted, EUR-0.250.37 
Working capital-2.6-15.4-83.4%
Free cash flow-72.153.9 
Interest-bearing net debt145.529.8 
Gearing, %78.711.7 
Personnel, end of period16,91317,399-2.8%


  • The completion of the restructuring actions and focus on higher product margins affected the order backlog in the second half of 2016. 
  • Order backlog amounted to EUR 1,408.1 million, a decrease of 3.6%.
  • Revenue was EUR 2,364 million in 2016.
  • Revenue growth was largest in Finland compared to the previous year.
  • In project business, the project write-downs completed in Sweden, Germany, Denmark-Norway and Industrial Solutions had a negative effect on the revenue.  
  • EBITDA excluding restructuring costs amounted to EUR 15.6 million, or 0.7% of revenue in 2016. Affected by project write-downs of EUR 59.0 million.
  • EBITDA was EUR -11.4 (91.5) million, or -0.5% of revenue. Affected by restructuring costs of EUR 26.9 million.