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. After completing our previous Fit for Growth strategy, Caverion is now ready for sustainable growth. The updated strategy for the next strategy period until the end of 2025 focuses on sustainable revenue growth, profitability improvement and investments to support building performance.
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. Our market position is strong and we are ranked among the top-5 players in most of our largest operating countries. Market is still very fragmented in these countries. Caverion is also the leading industrial solutions company in Finland.
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.
3. Solid order backlog
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.