Financial development in 2015

The Group’s performance was in line with the guidance for 2015. The revenue amounted to EUR 2,443.0 (2,406.6) million and remained at the previous year's level, while EBITDA margin grew significantly to 3.7% (2.8%).

Guidance for 2016

Caverion estimates that the Group’s revenue for 2016 will grow from the previous year (2015: EUR 2,443 million) and the Group’s EBITDA for 2016 will grow significantly from the previous year (2015: EUR 91.5 million).

 

Key figures
EUR million 2015 2014 Change
Order backlog 1,461.4 1,323.6 10%
Revenue 2,443.0 2,406.6 2%(*
EBITDA 91.5 67.5 36%
EBITDA margin, % 3.7 2.8  
Operating profit 65.0 44.2 47%
Operating profit margin, % 2.7 1.8  
Net profit for the period 46.6 27.6 69%
Earnings per share, basic, EUR 0.37 0.22 69%
Working capital –13.6 –19.3  
Operating cash flow before financial and tax items 85.8 113.5 –24%
Interest-bearing net debt 29.8 50.2 –41%
Gearing, % 11.6 21.1  
Personnel, average for the period 17,321 17,490 –1%

 *) 4% at comparable exchange rates

 

  • The order backlog continued to increase, reflecting the growth targets in Large Projects and Managed Services.
  • Order backlog grew by 10% compared to the previous year and was EUR 1,461.4 million.
  • At comparable exchange rates the order backlog increased by 11% from the end of December 2014.
  • Revenue was EUR 2,443 million in January−December, an increase of 4 per cent at previous year’s exchange rates.
  • Revenue increased in all countries apart from Norway.
  • EBITDA grew significantly by 36% from the previous year and amounted to EUR 91.5 million in January−December.
  • EBITDA margin grew significantly to 3.7% (2.8).

 

After taking the actions according to our strategy period ending in 2016, our goal is to achieve our long-term financial targets. See more in the strategy overview page.