Caverion: Solid progress with the turnaround
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Revenue growth, the rise in order backlog and a better-than-expected result bring the overall picture of the report clearly to the positive side. The guidance anticipates revenue and EBIT growth, and the market outlook seems good going forward, although cost pressures and material availability challenges create slight uncertainty. Given the improving earnings level, we think that the valuation offers a very good expected return.
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Caverion
Caverion operates in the IT sector. The company's specialist expertise is found in project management, design and construction, as well as technical maintenance in plumbing, electrical and protection solutions. The largest presence is in Europe, with the largest share of customers in the construction and industrial sector. The company is headquartered in Helsinki, Finland.
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