Our purpose is to enable performance and people’s wellbeing in smart and sustainable built environments.
We are contributing to a carbon-neutral society through our energy-efficient and sustainable solutions. Caverion is all about Building Performance.
Sustainability needs are growing rapidly and we are well-positioned to enable a sustainable, digital future for our customers. Increasing awareness of sustainability is supported by both EU-driven regulations and national legislation setting higher targets and actions for energy efficiency and carbon-neutrality.
Digitalisation and sustainability are the key themes driving our profitable growth. Our financial performance improved during the Fit phase of our Fit for Growth strategy, and now we focus on the growth part. In the short term we still need to focus on improving our profitability due to the negative impacts of the lengthened corona pandemic.
Caverion has also published our sustainability targets, KPIs and actions in line with our strategy and purpose.
We are a leading European service company and have a diversified customer base with a high retention rate. We have a strong market position and are ranked among the top-5 players in the building solutions market measured by revenue in all of our largest operating countries.
We operate in a relationship business with a customer and life-cycle focus. Our strong, diversified customer base is the first foundation for our growth. Our Services and Projects business units support each other and together enable growth towards high-end life cycle solutions for buildings and industries.
Our order backlog is solid and its quality has improved due to efforts made to close or settle the remaining non-performing projects. In line with our strategy, the share of our Services backlog has increased.
We have a strong performance management culture with focus on cash flow and working capital. We have benefited from having rooted performance management throughout the organisation during the Fit phase of our strategy.
Furthermore, we are operating in asset-light, cash generative business. Caverion’s business is labour-intensive and typically requires little investments. Solid services business improves the predictability of cash flow.
Our operating cash flow is seasonal with Q4 typically being the strongest quarter. We are actively focusing on our working capital management and reducing the seasonality of our business.
Our liquidity position is very strong, and our leverage is at a low level.
At the end of Q4/2020
Net debt/EBITDA in was -0.2x (1.4x)
Cash and cash equivalents of EURm 149.3 (93.6)