Caverion Corporation specifies its guidance announced in June 2013, regarding the revenue for the second half of 2013.
Caverion now estimates that the Group’s revenue for the second half of the year 2013 will be slightly below the previous guidance and is approximately EUR 1.29 billion, due to lower than expected service and maintenance revenue in December and postponements in Caverion’s project start-ups in Germany, among others.
The company repeats its previous guidance regarding EBITDA.
New guidance:
Caverion estimates that the Group’s revenue for the second half of 2013 will be approximately EUR 1.29 billion and EBITDA more than EUR 50 million.
The guidance does not take into account the non-recurring expenses related to the demerger, nor the expenses related to any potential mergers or acquisitions.
Previous guidance announced on June 4, 2013:
Caverion estimates that the Group’s revenue for the second half of 2013 is more than EUR 1.3 billion and EBITDA more than EUR 50 million.
The guidance does not take into account the non-recurring expenses related to the demerger, nor the expenses related to any potential mergers or acquisitions.
Caverion Corporation’s Financial Statements bulletin for 2013 will be published on Tuesday, January 28, 2014.
For additional information, please contact:
Antti Heinola, Chief Financial Officer, Caverion Corporation, tel. +358 40 352 1033, antti.heinola@caverion.fi
Milena Hæggström, Head of Investor Relations, tel. +358 40 5581 328, milena.haeggstrom@caverion.fi
CAVERION CORPORATION
Distribution: NASDAQ OMX, principal media, www.caverion.com