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Caverion Oyj (CAV1V.HE)

CAV1V.HE on Helsinki Stock Exchange

21 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Caverion to deliver life cycle projects in Espoo, Finland together with YIT
Monday, 20 Mar 2017 08:30am EDT 

Caverion Oyj : Says to deliver life cycle projects for schools and day-care centres in Espoo, Finland together with YIT . YIT will be responsible for project's construction work . Signed an agreement worth about 40 million euros ($43.01 million) with City of Espoo .Project will be carried out in cooperation with YIT.  Full Article

Yit to construct in Espoo in cooperation with Caverion
Monday, 20 Mar 2017 08:30am EDT 

Yit Oyj : Yit chosen as the constructor for school, high school, and day care life cycle projects in Espoo in co-operation with Caverion . Projects will be carried out in co-operation with caverion, and their value for Yit is approximately 39 million euros ($42 million) .Project planning is set to begin immediately, and projects will be completed in phases during 2018-2020.  Full Article

Caverion to install electrical and ventilation systems in Austria
Wednesday, 1 Mar 2017 04:05am EST 

Caverion Oyj : Has been awarded a contract to install electrical and ventilation systems for the hydropower station inn in Austria . Signed a 5 million euros ($5.3 million) large project contract with Gemeinschaftskraftwerk Inn GmbH .Construction work will begin in Feb. 2017 and will be finished by end of 2020..  Full Article

Caverion delivers a EUR 5 mln project for a clinic building in Germany
Tuesday, 21 Feb 2017 07:00am EST 

Caverion Oyj : Caverion delivers a project worth 5 million euros ($5.3 million) for a clinic building in Germany . Signed a contract with Elblandkliniken Stiftung & Co. Kg on delivery of a large project for expansion and renovation of a clinic building in Riesa . Caverion's delivery will be completed in 2021. .Maintenance agreement runs until 2026..  Full Article

Caverion Q4 EBITDA result turns to loss of EUR 22.2 mln
Tuesday, 7 Feb 2017 02:00am EST 

Caverion Oyj : Q4 revenue 606.0 million euros ($648.24 million) versus 67.8 million euros year ago . Q4 EBITDA loss 22.2 million euros versus profit 34.0 million euros year ago . End-Q4 order backlog 1.41 billion euros versus 1.46 billion euros year ago . Proposes to annual general meeting that no dividend be paid for 2016 . Estimates that group's revenue will remain at previous year's level in 2017 .Estimates that group's EBITDA excluding restructuring costs will more than double in 2017.  Full Article

Caverion implements technical solutions in Dresden, Germany
Monday, 6 Feb 2017 06:00am EST 

Caverion Oyj : Caverion implements total technical solutions for office and laboratory building in Dresden, Germany . Caverion and construction co Bilfinger Hochbau agreed on project execution of total technical solutions covering all building systems . Contract includes renovation of historical office building and new laboratory building and has volume of about 5 million euros ($5.4 million) .Work started in January and will be completed in March 2018.  Full Article

Caverion: fine claim to Caverion Suomi and a bribery charge to a member of Management Board
Friday, 3 Feb 2017 07:30am EST 

Caverion Oyj : Says has been served with a corporate fine claim amounting to a minimum of 300,000 euros ($325,000) in connection with sponsorship of equestrian sports in Finland. . Says member of Group Management Board of Caverion Corporation has been brought a charge . Charge has been brought against Jarno Hacklin, a member of Caverion's Group Management Board and another person working in operative tasks .Caverion says has carried out internal investigation into matter, and based on results, both persons have confidence of company and continue in their current roles in Caverion.  Full Article

Caverion signs EUR 60 million long-term term loan agreement
Thursday, 22 Dec 2016 02:00am EST 

Caverion Oyj : Has signed new 60 million euro ($62.7 million) unsecured long-term bullet term loan agreement with its core banks .Loan will be raised during December 2016 and it will mature as a bullet loan in February 2021.  Full Article

Caverion delivers Total Technical Solutions worth EUR 25 mln in Germany
Wednesday, 30 Nov 2016 03:00am EST 

Caverion Oyj : Delivers Total Technical Solutions worth 25 million euros ($26.56 million) for float office building in Germany . Signed an agreement with Immofinanz . Will be responsible for project execution of all technical disciplines in future tenant areas .Project will be completed in autumn 2018.  Full Article

Michael Rosenlew to chair Caverion's board until AGM
Tuesday, 15 Nov 2016 02:00am EST 

Caverion Oyj :Michael Rosenlew, vice chairman of board of directors, will chair board of directors until closing of next annual general meeting.  Full Article

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