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 million | 2016 | 2015 | Change |
| Order backlog | 1,408.1 | 1,461.4 | -3.6% |
| Revenue | 2,364.1 | 2,443.0 | -3.2% |
| EBITDA excluding restructuring costs | 15.6 | ||
| EBITDA margin excluding restructuring costs, % | 0.7 | ||
| EBITDA | -11.4 | 91.5 | |
| EBITDA margin, % | -0.5 | 3.7 | |
| Operating profit | -40.8 | 65.0 | |
| Operating profit margin, % | -1.7 | 2.7 | |
| Net profit for the period | -31.7 | 46.6 | |
| Earnings per share, undiluted, EUR | -0.25 | 0.37 | |
| Working capital | -2.6 | -15.4 | -83.4% |
| Free cash flow | -72.1 | 53.9 | |
| Interest-bearing net debt | 145.5 | 29.8 | |
| Gearing, % | 78.7 | 11.7 | |
| Personnel, end of period | 16,913 | 17,399 | -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.
