Financial development in 2017

Key figures
EUR million20172016Change
Order backlog1,491.01,408.15.9% 
EBITDA excluding restructuring costs18.315.617.5% 
EBITDA margin excluding restructuring costs, %0.80.7 
EBITDA margin, %0.5-0.5 
Operating profit-19.3-40.852.7% 
Operating profit margin, %-0.8-1.7 
Result for the period-20.9-31.734.2% 
Earnings per share, undiluted, EUR-0.19-0.2525.3% 
Free cash flow-8.5-72.188.2% 
Working capital6.1-2.6 
Interest-bearing net debt64.0145.5-56.0% 
Gearing, %24.478.7 
Personnel, end of period16,21616,913-4.1% 


  • Order backlog amounted to EUR 1,491.0 million at the end of December, up by 5.9 percent from the end of the previous year.
  • Caverion continued to focus on the tendering process with a target to uplift the project margin in new project business orders.
  • Revenue was EUR 2,282.8 million in 2017. 
  • Revenue increased from the previous year in Austria and Denmark-Norway, while it decreased in other divisions.
  • Project write-downs also affected revenue for the period.
  • EBITDA excluding restructuring costs was EUR 18.3 million, or 0.8 (0.7) percent of revenue in 2017. 
  • EBITDA was EUR 11.0 million, or 0.5 percent of revenue in 2017.