Annuncio • Jul 02
Nasdaq Helsinki Ceases Listing of Caverion Shares Crayfish BidCo Oy ("Crayfish") has posted the security approved by the arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce in connection with the redemption proceedings concerning the minority shares in Caverion Corporation ("Caverion"). Crayfish has thus obtained title to all the minority shares in Caverion in accordance with Chapter 18, Section 6 of the Finnish Companies Act. As a result of the posting of the security and the transfer of title to the minority shares, the minority shareholders of Caverion being parties to the redemption proceedings are entitled to receive only the redemption price and the interest accruing thereon. Upon Caverion's application, Nasdaq Helsinki Ltd. ("Nasdaq Helsinki") has on 13 March 2024 decided that the shares in Caverion will be delisted from the official list of Nasdaq Helsinki after Crayfish has obtained title to all the issued and outstanding shares in Caverion in the redemption proceedings in accordance with the Finnish Companies Act. The listing of the Caverion shares on the official list of Nasdaq Helsinki ceases on July 1, 2024 in accordance with a separate release published by Nasdaq Helsinki. Annuncio • Jun 15
Caverion Corporation Appoints Gustaf Behmer as Deputy Member of the Board of Directors Caverion Corporation in its Annual General Meeting held on June 12, 2024 approved the appointment of Gustaf Behmer as deputy member of the Board of Directors, each for a term of office beginning at the end of the Annual General Meeting and expiring at the end of the Annual General Meeting 2025. Annuncio • Jun 13
Caverion Corporation Approves No Dividend for the Financial Year 2023 Caverion Corporation at its AGM held on June 12, 2024, approved the Board of Director's proposal that no dividend be paid for the financial year 2023. Annuncio • May 04
Nasdaq Helsinki Suspends Caverion's Trading After Confirmation of Triton's Right to Minority Shares and Formal Delisting Expected in the Second Quarter Nasdaq Helsinki paused Caverion Oyj’s trading after the arbitral tribunal in Finland confirmed investment firm Triton's redemption right over the company's minority shares. Triton, through Crayfish BidCo, is in the process of redeeming the minority shares of the Finnish construction company following its voluntary takeover offer. Caverion is also in the process of delisting from the bourse, with the cancellation of its trading to take effect once Crayfish gains ownership of all the company's issued and outstanding shares. The formal delisting is expected in the second quarter. Annuncio • Apr 30
Caverion Corporation Appoints Pasi Päivärinta as Interim CFO, Effective 1 May 2024 Caverion Corporation announced Pasi Päivärinta, Head of Group Business Control, has been appointed as interim CFO as of 1 May 2024. He reports to President and CEO of the company Jacob Götzsche and Philip Carlsson, CFO of Assemblin Caverion Group. Päivärinta has worked in the company since 2018. Annuncio • Apr 02
Triton Investment Advisers and Crayfish BidCo to Delist Caverion's Shares from Nasdaq Helsinki, Expects to Occur in the Second Quarter of 2024 Triton Investment Advisers LLP, the company managing the entities comprising Triton Fund V (together ‘Triton’), which indirectly control Crayfish BidCo Oy, completed on 1 April 2024 all legal and administrative proceedings needed to create Assemblin Caverion Group and subsequently successfully closed the combination between the previous portfolio companies Assemblin Group AB (‘Assemblin’) and Caverion Corporation (‘Caverion’). Crayfish BidCo Oy holds approximately 94.39% of all outstanding shares and votes in Caverion (excluding treasury shares). The combination is carried out by way of an internal restructuring within Triton as result of which Triton's ownership in Assemblin and Caverion are combined under the same holding structure. The combination does thus not affect Caverion's immediate ownership structure or Caverion's ownership in its subsidiaries, and Caverion's status as an independent legal entity remains unchanged. The combination does not impact the currently ongoing redemption proceedings of the minority shares in Caverion. The intention of Triton and Crayfish BidCo Oy, Caverion's controlling shareholder, is to delist Caverion's shares from Nasdaq Helsinki Ltd. as soon as reasonably practicable, which is currently expected to occur during the second quarter of 2024. Annuncio • Mar 05
Caverion Applies for the Delisting of its Shares from Nasdaq Helsinki The board of directors of Caverion Corporation (‘Caverion’) has resolved to apply for the removal of Caverion's shares from public trading and for the delisting of Caverion's shares from the official list of Nasdaq Helsinki Ltd. (‘Nasdaq Helsinki’). Crayfish BidCo Oy (‘Crayfish’) holds more than 90% of the issued and outstanding shares in Caverion. Crayfish has, by its application to the Redemption Board of the Finland Chamber of Commerce dated 28 November 2023, commenced redemption proceedings in respect of Caverion's minority shares by initiating arbitral proceedings in accordance with Chapter 18, Section 3 of the Finnish Companies Act in order to obtain ownership of all the issued and outstanding shares in Caverion. The Board of Directors of Caverion has submitted an application to Nasdaq Helsinki for the removal of Caverion's shares from public trading and for delisting of the shares from the official list of Nasdaq Helsinki. In the application, it is requested that the removal of Caverion's from the public trading and the delisting of the shares from Nasdaq Helsinki would become effective as soon as possible after Crayfish has obtained title to all the issued and outstanding shares in Caverion by placing a security referred to in Chapter 18, Section 6 of the Finnish Limited Liability Companies Act. Annuncio • Nov 17
Caverion Corporation Announces Management Appointments Caverion Corporation at its Extraordinary General Meeting held on November 15, 2023, elected two ordinary members and one deputy member to the Board of Directors. Mikael Aro and Hans Petter Hjellestad were elected as ordinary members of the Board of Directors and Gustaf Behmer as deputy member of the Board of Directors for a term of office beginning as of registration of the amended Articles of Association and expiring at the end of the Annual General Meeting 2024. Caverion Corporation’s new Board of Directors held its constitutive meeting on 15 November 2023, immediately after the Extraordinary General Meeting. In the meeting, the Board elected from among its members Mikael Aro as its Chairman. The Board of Directors appointed from among its members the following members to its committees: Human Resources Committee: Chairman Hans Petter Hjellestad, member Mikael Aro. Audit Committee: Chairman Mikael Aro, member Hans Petter Hjellestad. Annuncio • Nov 09
Caverion Oyj(HLSE:CAV1V) dropped from OMX Nordic All-Share Index Caverion Oyj will be removed from OMX Nordic All-Share Index. Annuncio • Nov 07
Caverion's Shares to Be Delisted from Nasdaq Helsinki Ltd On 10 January 2023, Crayfish BidCo Oy (the ‘Offeror’), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together ‘Triton’), announced a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation (‘Caverion’) that are not held by Caverion or any of its subsidiaries (the ‘Shares’ or, individually, a ‘Share’) (the ‘Tender Offer’). The Offeror has published a tender offer document, dated 7 March 2023, concerning the Tender Offer and supplements to the tender offer document, dated 14 March 2023, 4 April 2023, 13 April 2023, 9 May 2023, 25 May 2023, 16 June 2023, 27 July 2023, 7 August 2023, 5 September 2023, 4 October 2023, 23 October 2023 and 26 October 2023 (the tender offer document as supplemented with the aforementioned supplement documents, the ‘Tender Offer Document’). The acceptance period under the Tender Offer commenced on 8 March 2023 at 9:30 a.m. (Finnish time) and expired on 1 November 2023 at 4:00 p.m. (Finnish time). The Offeror intends to acquire all the issued and outstanding shares and votes in Caverion. As the Offeror's holdings will, after the settlement of the Shares tendered in the Tender Offer, exceed ninety 90% of the Shares and voting rights carried by the Shares, calculated in accordance with Chapter 18, Section 1 of the Finnish Limited Liability Companies Act, the Offeror intends to initiate compulsory redemption proceedings in accordance with the Finnish Limited Liability Companies Act to acquire the remaining Shares in Caverion, and thereafter to cause Caverion's shares to be delisted from Nasdaq Helsinki Ltd. (‘Nasdaq Helsinki’) as soon as reasonably practicable. Annuncio • Sep 02
Caverion Oyj (HLSE:CAV1V) completed the acquisition of building services business unit in Finland from Inspecta Group Oy. Caverion Oyj (HLSE:CAV1V) agreed to acquire building services business unit in Finland from Inspecta Group Oy on June 29, 2023. With regards this transaction 50 experts from Inspecta will move to Caverion Finland. The transaction is subject to regulatory approval and which is expected during the autumn. The revenue for the year 2022 amounted to €3.8 million.Caverion Oyj (HLSE:CAV1V) completed the acquisition of building services business unit in Finland from Inspecta Group Oy on September 1, 2023. Avail Attorneys acted as legal advisor and Captoni Partners Oy acted as financial due diligence advisor to Caverion Oyj. JAN ÖRNDAHL of Asianajotoimisto Castrén & Snellman Oy acted as legal advisor to Inspecta Group Oy. Annuncio • Jun 30
Caverion Oyj (HLSE:CAV1V) agreed to acquire building services business unit in Finland from Inspecta Group Oy. Caverion Oyj (HLSE:CAV1V) agreed to acquire building services business unit in Finland from Inspecta Group Oy on June 29, 2023. With regards this transaction 50 experts from Inspecta will move to Caverion Finland. The transaction is subject to regulatory approval and which is expected during the autumn. Annuncio • May 25
Caverion Oyj Announces Management Board Changes Caverion Oyj announced that Minna Schrey-Hyppänen, Executive Vice President, Human Resources and Safety, has resigned and will leave Caverion. Caverion has appointed Liisa Vasben as Interim Head of Group Human Resources and Safety. Liisa Vasben holds the position of Group Head of People Management and Rewards. She will report to Jacob Götzsche but will not be a Group Management Board member. Minna Schrey-Hyppänen will support Liisa Vasben in her onboarding. Caverion has mutually agreed with Kari Sundbäck, Executive Vice President, Services, Solutions, Digital and Sustainability, that he will leave his position at the company. Jaakko Wacklin (born 1983, M.Sc. Eng.) has been appointed as Executive Vice President, Operational Performance and Excellence and a member of the Group Management Board of Caverion Corporation. He will report to Jacob Götzsche, President and CEO. Jaakko Wacklin has worked at Caverion and its predecessor companies for over 15 years, having most recently held the position of Group Head of Services Business. He is a widely respected business developer and leader in the company, having successfully developed Caverion's services and advisory business in Finland and internationally. Jaakko Wacklin will continue to lead Services business and also lead Caverion's operational performance improvement activities. Annuncio • May 24
Caverion Oyj Announces Executive Changes Caverion is continuing the execution of its Sustainable Growth strategy, focusing on creating sustainable impact for every customer with the solutions it designs and delivers, reliably and transparently every time. The following changes in the Caverion Group Management Board will take place as of 24 May 2023. Minna Schrey-Hyppänen, Executive Vice President, Human Resources and Safety, has resigned and will leave Caverion. Caverion has appointed Liisa Vasben as Interim Head of Group Human Resources and Safety. Liisa Vasben holds the position of Group Head of People Management and Rewards. She will report to Jacob Götzsche but will not be a Group Management Board member. Minna Schrey-Hyppänen will support Liisa Vasben in her onboarding. Caverion has mutually agreed with Kari Sundbäck, Executive Vice President, Services, Solutions, Digital and Sustainability, that he will leave his position at the company. Jaakko Wacklin (born 1983, M.Sc. Eng.) has been appointed as Executive Vice President, Operational Performance and Excellence and a member of the Group Management Board of Caverion Corporation. He will report to Jacob Götzsche, President and CEO. Jaakko Wacklin has worked at Caverion and its predecessor companies for over 15 years, having most recently held the position of Group Head of Services Business. He is a widely respected business developer and leader in the company, having successfully developed Caverion's services and advisory business in Finland and internationally. Jaakko Wacklin will continue to lead Services business and also lead Caverion's operational performance improvement activities. Annuncio • Feb 02
Caverion Oyj (HLSE:CAV1V) completed the acquisition of Tmv Service Oy, Tmv Line Oy and TMV Power Oü from TM Voima group. Caverion Oyj (HLSE:CAV1V) signed an agreement to acquire Tmv Service Oy, Tmv Line Oy and TMV Power Oü from TM Voima group on October 27, 2022. In 2021, the revenue of the Tmv Service Oy, Tmv Line Oy and TMV Power Oü amounted to €30.5 million and the business employed 66 people. The closing of the acquisition is subject to the approval by the Finnish Competition and Consumer Authority. The TM Voima group's wind power business is excluded from the acquisition. As of February 1, 2023 deal has been approved by the Finnish Competition and Consumer Authority.
Caverion Oyj (HLSE:CAV1V) completed the acquisition of Tmv Service Oy, Tmv Line Oy and TMV Power Oü from TM Voima group on February 1, 2023. Annuncio • Jan 12
Triton Fund V L.P. managed by Triton made an offer to acquire Caverion Oyj (HLSE:CAV1V) for €8 per share. Triton Fund V L.P. managed by Triton made an offer to acquire Caverion Oyj (HLSE:CAV1V) for €8 per share on January 10, 2023. The Offeror has secured necessary equity and debt financing to finance the Tender Offer at completion in accordance with its terms, including the payment of the Interest Component, if any, as well as subsequent mandatory redemption proceedings, if any, in accordance with the Finnish Companies Act (624/2006, as amended, the "Finnish Companies Act"). The Offeror's obligation to complete the Tender Offer is not conditional upon availability of financing. The completion of the Tender Offer is subject to the satisfaction or waiver by the Offeror of certain customary conditions on or prior to the Offeror's announcement of the final result of the Tender Offer including, among others, obtaining merger control clearance and all other necessary regulatory approvals, and the Offeror having gained control of more than 90 percent of the Shares and votes in Caverion. The offer period under the Tender Offer is expected to commence on or about January 31, 2023 and to initially expire on or about April 11, 2023. Based on currently available information, the Tender Offer is expected to be completed during the third or fourth quarter of 2023.
The Offeror has appointed Danske Bank A/S, Finland Branch as financial adviser and arranger and Deutsche Bank Aktiengesellschaft as financial adviser and Avance Attorneys Ltd as legal adviser in connection with the Tender Offer. Tekir Oy is acting as communications adviser to the Offeror. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to Triton. Annuncio • Jan 11
Caverion May Delist from Nasdaq Helsinki Crayfish BidCo Oy (the "Offeror") announced a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Oyj (“Caverion Corporation”, "Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer"). The shareholders of Caverion (other than Caverion or its subsidiaries) will be offered a cash consideration of €8.00 for each Share validly tendered in the Tender Offer (the "Offer Price"). Should the Offeror obtain more than 90% of the issued and outstanding shares and votes in Caverion, calculated in accordance with Chapter 18, Section 1 of the Finnish Companies Act, the Offeror intends to initiate mandatory redemption proceedings in accordance with the Finnish Companies Act to acquire the remaining shares in Caverion, and thereafter to cause Caverion's shares to be delisted from Nasdaq Helsinki as soon as reasonably practicable. The Offeror reserves the right to waive any of the Conditions to Completion that have not been fulfilled, including to consummate the Tender Offer at a lower acceptance level or otherwise despite the non-fulfilment of some of the Conditions to Completion. Should the Offeror decide the to complete the Tender Offer with an acceptance rate of less than 90% of the issued and outstanding shares and votes in Caverion, the Offeror would assess alternatives to acquire the remaining shares in Caverion over time, and it is possible that Caverion could become subject to certain corporate transactions, including for example purchases of further shares in Caverion after completion of the Tender Offer, divestments or acquisitions of shares or other assets, share issuances, or a statutory merger. The Offeror has not taken any decisions on any potential waiver of any of the Conditions to Completion, the timeline of any such possible transactions or whether any such transactions would be undertaken at all. Annuncio • Dec 30
Avalon Bauträger- und Handelsgesell- schaft m.b.h. acquired Alea Gmbh from Caverion Oyj (HLSE:CAV1V). Avalon Bauträger- und Handelsgesell- schaft m.b.h. acquired Alea Gmbh from Caverion Oyj (HLSE:CAV1V) on December 28, 2022.Avalon Bauträger- und Handelsgesell- schaft m.b.h. completed the acquisition of Alea Gmbh from Caverion Oyj (HLSE:CAV1V) on December 28, 2022. Annuncio • Dec 03
Caverion Oyj (HLSE:CAV1V) acquired Food retail refrigeration business of Carrier in Finland. Caverion Oyj (HLSE:CAV1V) acquired Food retail refrigeration business of Carrier in Finland on December 1, 2022. 17 employees of Carrier will join Caverion Oy.
Caverion Oyj (HLSE:CAV1V) completed the acquisition of Food retail refrigeration business of Carrier in Finland on December 1, 2022. Annuncio • Dec 01
Caverion Oyj agreed to acquire Lukkopro Oy. Caverion Oyj agreed to acquire Lukkopro Oy on November 30, 2022. As of year ended 2021, Lukkopro Oy reported revenue of €5.6 million. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: €0.10 (vs €0.057 in 3Q 2021) Third quarter 2022 results: EPS: €0.10 (up from €0.057 in 3Q 2021). Revenue: €564.9m (up 14% from 3Q 2021). Net income: €14.6m (up 87% from 3Q 2021). Profit margin: 2.6% (up from 1.6% in 3Q 2021). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 04
Caverion Oyj Provides Earnings Guidance for the Year 2022 Caverion Oyj provided earnings guidance for the year 2022. For the year, the company expects revenue (2021: EUR 2,139.5 million) will grow compared to 2021. Annuncio • Oct 29
Caverion Oyj (HLSE:CAV1V) signed an agreement to acquire Tmv Service Oy, Tmv Line Oy and TMV Power Oü from TM Voima group. Caverion Oyj (HLSE:CAV1V) signed an agreement to acquire Tmv Service Oy, Tmv Line Oy and TMV Power Oü from TM Voima group on October 27, 2022. In 2021, the revenue of the Tmv Service Oy, Tmv Line Oy and TMV Power Oü amounted to €30.5 million and the business employed 66 people. The closing of the acquisition is subject to the approval by the Finnish Competition and Consumer Authority. The TM Voima group's wind power business is excluded from the acquisition. Annuncio • Sep 07
Caverion Oyj (HLSE:CAV1V) agreed to acquire Simex Klima & Kulde As. Caverion Oyj (HLSE:CAV1V) agreed to acquire Simex Klima & Kulde As on Sep 6, 2022. The transaction is expected to close in October 2022. Annuncio • Sep 02
Caverion Oyj (HLSE:CAV1V) acquired Cs Electric A/S. Caverion Oyj (HLSE:CAV1V) acquired Cs Electric A/S on September 1, 2022. The acquisition supports Caverion's sustainable growth strategy and expands its footprint especially in the Marine, Energy and Industrial customer segments. In 2021, Cs Electric revenue amounted to €13.4 million.
Caverion Oyj (HLSE:CAV1V) completed the acquisition of Cs Electric A/S on September 1, 2022. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: €0.09 (vs €0.065 in 2Q 2021) Second quarter 2022 results: EPS: €0.09 (up from €0.065 in 2Q 2021). Revenue: €577.7m (up 6.0% from 2Q 2021). Net income: €12.1m (up 38% from 2Q 2021). Profit margin: 2.1% (up from 1.6% in 2Q 2021). Over the next year, revenue is forecast to grow 3.7%, compared to a 6.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Aug 04
Caverion Oyj Provides Earnings Guidance for the Year 20 22 Caverion Oyj provided earnings guidance for the year 2022. In 2022, the group's revenue (2021: EUR 2,139.5 million) and adjusted EBITA (2021: EUR 87.7 million) will grow compared to 2021. Annuncio • Jul 02
Caverion Oyj (HLSE:CAV1V) acquired Visi Oy. Caverion Oyj (HLSE:CAV1V) acquired Visi Oy on July 1, 2022. Visi has 22 employees and its revenue was €4.6 million in the financial year ending April 2022.
Caverion Oyj (HLSE:CAV1V) completed the acquisition of Visi Oy on July 1, 2022. Annuncio • Jul 01
Caverion Oyj (HLSE : CAV1V) signed an agreement to acquire Porreal Gmbh from PORR AG (WBAG : POS). Caverion Oyj (HLSE : CAV1V) signed an agreement to acquire Porreal Gmbh from PORR AG (WBAG : POS) on June 29, 2022. The transaction also include Porreal fully owned subsidiary ALEA GmbH. The revenues of PORREAL amounted to €23 million in 2021. Closing is expected to take place in August 2022. Thomas Kulnigg, Christoph Haid, Lisa Todeschini, Andreas Lengger, Birgit Hirsch, Clemens Rainer, Nina Zafoschnig, and Teresa Waidmann of Schönherr Rechtsanwälte Gmbh acted as legal advisor to Caverion Oyj. Annuncio • May 12
Caverion Oyj (HLSE:CAV1V) acquired Wt-service Oy. Caverion Oyj (HLSE:CAV1V) acquired Wt-service Oy on May 11, 2022.
Caverion Oyj (HLSE:CAV1V) completed the acquisition of Wt-service Oy on May 11, 2022. Annuncio • May 04
Caverion Oyj (HLSE:CAV1V) acquired Wind Controller JV Oy from Enefit Green AS (TLSE:EGR1T) and others. Caverion Oyj (HLSE:CAV1V) acquired Wind Controller JV Oy from Enefit Green AS (TLSE:EGR1T) and others on May 2, 2022.
Caverion Oyj (HLSE:CAV1V) completed the acquisition of Wind Controller JV Oy from Enefit Green AS (TLSE:EGR1T) and others on May 2, 2022. Reported Earnings • May 03
First quarter 2022 earnings released: EPS: €0.046 (vs €0.05 in 1Q 2021) First quarter 2022 results: EPS: €0.046 (down from €0.05 in 1Q 2021). Revenue: €528.1m (up 2.5% from 1Q 2021). Net income: €6.30m (down 7.4% from 1Q 2021). Profit margin: 1.2% (down from 1.3% in 1Q 2021). Over the next year, revenue is forecast to grow 4.6%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annuncio • Mar 29
Caverion Oyj Approves Dividend for the Financial Year 2021, to Be Paid on 6 April 2022 Caverion Oyj approved the proposal of the Board of Directors according to which a dividend of EUR 0.17 per share will be paid from the distributable funds of the Company for the financialyear 2021. The dividend will be paid to shareholders who on the record date of the dividend payment 30 March 2022 are recorded in the shareholders' register held by Euroclear Finland Oy. The dividend shall be paid on 6 April 2022. Upcoming Dividend • Mar 22
Upcoming dividend of €0.17 per share Eligible shareholders must have bought the stock before 29 March 2022. Payment date: 06 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 11
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.17 (up from €0.046 in FY 2020). Revenue: €2.14b (flat on FY 2020). Net income: €25.0m (up 297% from FY 2020). Profit margin: 1.2% (up from 0.3% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.3%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 11
Caverion Oyj to Report Fiscal Year 2021 Final Results on Mar 04, 2022 Caverion Oyj announced that they will report fiscal year 2021 final results on Mar 04, 2022 Annuncio • Jan 30
Caverion Announces Change in Group Management Board Caverion Corporation's Deputy CEO Thomas Hietto has resigned. Group Management Board member Kari Sundbäck, responsible for Strategy, Marketing & Communications and Supply Operations, will assume interim responsibility for Services as well as Sustainability & Smart City Solutions on top of his current role. These changes will be effective as of. Thomas Hietto, responsible for Services, Sustainability & Smart City Solutions, has acted in Caverion's Group Management Board since July 2017. He has led various functions and businesses throughout the years, with the focus being on smart technology and Services business. During this time, Caverion has started the focused growth in smart technologies and digital solutions and has improved its Services performance. Annuncio • Jan 13
Aim Cosmetics RUS, LTD agreed to acquire JSC “Caverion Rus” from Caverion Oyj (HLSE:CAV1V). Aim Cosmetics RUS, LTD agreed to acquire JSC “Caverion Rus” from Caverion Oyj (HLSE:CAV1V) on January 12, 2022. Annuncio • Dec 17
Caverion Oyj (HLSE:CAV1V) signed an agreement to acquire The industrial design and advisory business of Merius Oy from Merius Oy. Caverion Oyj (HLSE:CAV1V) signed an agreement to acquire The industrial design and advisory business of Merius Oy from Merius Oy on December 15, 2021. The acquisition includes the reality capture, technical design and consulting, project management and visual communication services offered by Merius Oy. The software business of the company is excluded from the transaction and will continue to operate under the name Merius Oy. As a result of the transaction, 20 experts from Kokkola, Jyväskylä, Oulu and Kuusamo will join Caverion. Annuncio • Dec 15
Caverion Oyj (HLSE:CAV1V) agreed to acquire FrÖDÉNs Ventilation Ab from Fredrik Bergqvist and Peter Andersson. Caverion Oyj (HLSE:CAV1V) signed an agreement to acquire FrÖDÉNs Ventilation Ab from Fredrik Bergqvist and Peter Andersson on December 14, 2021. In 2020, the revenue of Frödéns Ventilation was about EUR 3 million. Frödéns has 12 employees. Annuncio • Dec 05
Caverion Oyj (HLSE:CAV1V) acquired Rørlegger'n Innlandet As. Caverion Oyj (HLSE:CAV1V) acquired Rørlegger'n Innlandet As on December 1, 2021.
Caverion Oyj (HLSE:CAV1V) completed the acquisition of Rørlegger'n Innlandet As on December 1, 2021. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS €0.05 (vs €0.062 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: €494.8m (down 4.0% from 3Q 2020). Net income: €7.80m (down 8.2% from 3Q 2020). Profit margin: 1.6% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 15
Caverion Oyj (HLSE:CAV1V) signed an agreement to acquire Felcon Reinraum- und Prozeãÿtechnische Anlagen Produktionsgesellschaft m.b.h. from Hans Lintner and others. Caverion Oyj (HLSE:CAV1V) signed an agreement to acquire Felcon Reinraum- und Prozeãÿtechnische Anlagen Produktionsgesellschaft m.b.h. from Hans Lintner and others on September 13, 2021. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS €0.06 (vs €0.015 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €545.6m (up 5.2% from 2Q 2020). Net income: €8.80m (up 340% from 2Q 2020). Profit margin: 1.6% (up from 0.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 15% share price gain to €6.66, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Commercial Services industry in Europe. Negligible returns to shareholders over past three years. Reported Earnings • May 01
First quarter 2021 earnings released: EPS €0.05 (vs €0.006 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €515.7m (down 4.8% from 1Q 2020). Net income: €6.80m (up €7.60m from 1Q 2020). Profit margin: 1.3% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Mar 19
Upcoming Dividend of €0.20 Per Share Will be paid on the 7th of April to those who are registered shareholders by the 25th of March. The trailing yield of 1.9% is below the top quartile of German dividend payers (3.3%), and is lower than industry peers (3.1%). Reported Earnings • Mar 17
Full year 2020 earnings released: EPS €0.046 (vs €0.14 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €2.15b (up 1.5% from FY 2019). Net income: €6.20m (down 68% from FY 2019). Profit margin: 0.3% (down from 0.9% in FY 2019). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annuncio • Feb 27
Osuuskauppa Arina Selects Caverion Osuuskauppa Arina has selected Caverion as one of its partners for technical maintenance services and for improving the energy efficiency of their facilities. The new contract is expanding the two companies' previous cooperation in refrigeration equipment maintenance and energy related services. The new contract covers services for over 80 properties of Osuuskauppa Arina, including Prisma hypermarkets, grocery shops, shopping centres, hotels and ABC service stations. Annuncio • Feb 19
Caverion to Carry Out Installations of Electrical and ICT Systems for Metsä Group's New Sawmill in Finland Caverion to carry out installations of electrical and ICT systems for Metsä Group's new sawmill in Finland. Caverion has signed an agreement with Metsä Fibre, part of Metsä Group, for the installation of electrical and ICT systems in the world's most modern sawmill under construction in Rauma, Finland. The project includes all electrical installations for the building solutions, such as electricity distribution, lighting, telecommunications, fire alarm and emergency lighting installations.
Metsä Group is one of Caverion's industrial partnership customers. Caverion and Metsä Fibre have a joint venture, Botnia Mill Service, which is responsible for the maintenance of Metsä Fibre's pulp mills. Caverion assigns 20 expert technicians to this sawmill project and the realisation schedule is from January 2021 to June 2022. Reported Earnings • Feb 13
Full year 2020 earnings released: EPS €0.046 (vs €0.14 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €2.15b (up 1.5% from FY 2019). Net income: €6.20m (down 67% from FY 2019). Profit margin: 0.3% (down from 0.9% in FY 2019). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 1.6%, compared to a 7.9% growth forecast for the Commercial Services industry in Germany. 
