Caverion Corporation is making changes to its external financial reporting as of January 1, 2016 in order to increase the transparency of its operations and align the financial reporting with the next phase of Group strategy.
The reporting by business areas will be aligned with the recent development of the Group business mix. The old business areas (“Service and Maintenance” and “Projects”) will thereby be replaced by three new business areas: “Technical Installation and Maintenance”, “Large Projects” and “Managed Services”. Going forward, Caverion will disclose revenue based on this new business area breakdown.
Furthermore, the geographical breakdown will be reported by divisions: Sweden, Finland, Germany, Denmark-Norway, Austria, Eastern Europe and Industrial Solutions. Going forward, Caverion will disclose revenue and personnel by division.
The changes above will not affect the segment structure of Caverion. The Group will still only have one single operative segment that also includes the Group services and other items.
Caverion will also start reporting its Free Cash Flow on a quarterly basis. The Free Cash Flow is defined as: Free cash flow = Operating cash flow before financial and tax items – Taxes paid – Investments (net).
The first interim report based on the new reporting structure will be published on April 28, 2016 (interim report for January–March 2016).
The changes to external reporting will have no effect on the Group’s strategic targets.
For additional information, please contact: Milena Hæggström, Head of Investor Relations, tel. +358 40 5581 328, email@example.com
Distribution: Nasdaq Helsinki, principal media, www.caverion.com