Caverion Oyj Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for the Full Year of 2016
For the full year, the company reported revenues of EUR 2,443.0 million compared with EUR 2,406.6 million for the same period a year ago. EBITDA was EUR 91.5 million compared with EUR 67.5 million for the same period a year ago. Operating profit was EUR 65.0 million compared with EUR 44.2 million for the same period a year ago. Net profit for the period was EUR 46.6 million or EUR 0.37 per basic share compared with EUR 27.6 million or EUR 0.22 per basic share for the same period a year ago. Operating cash flow before financial and tax items was EUR 85.8 million compared with EUR 113.5 million for the same period a year ago. Interest bearing net debt was EUR 29.8 million compared with EUR 50.2 million for the same period a year ago.
The company provided earnings guidance for the full year of 2016. For 2016 revenues will grow from the previous year's EUR 2,443 million and the Group's EBITDA for 2016 will grow significantly from the previous year's EUR 91.5 million.