Both new construction and renovation in the non-residential sector are expected to have stable growth in 2022. Due to the late-cyclical nature of the Projects business, even after the economic environment recovers, it typically takes some time before the Projects business turns back to growth. Economic sentiment is on a lower level in the EU as a result of the Ukraine crisis. The market instability resulting from the war in Ukraine and the high inflation are expected to dampen the willingness to invest in new construction. However, the stimulus packages are expected to positively impact the general demand also in the Projects business. Caverion expects the underlying demand to be overall positive also in Projects during 2022. From the trends perspective, the digitalisation and sustainability megatrends are supporting demand also in Projects, as Caverion’s target is to offer long-term solutions binding both Projects and Services together. The requirements for increased energy efficiency, better indoor climate and tightening environmental legislation continue to drive demand over the coming years.
NEWS CONFERENCE, WEBCAST AND CONFERENCE CALL
Caverion will hold a news conference on its Half-year Financial Report on Thursday, 4 August 2022, at 10.00 a.m. Finnish time (EEST) at Flik Studio Eliel, Töölönlahdenkatu 2C (Sanoma House), Helsinki, Finland. The news conference can be viewed live on Caverion’s website at www.caverion.com/investors. It is also possible to participate in the event through a conference call by calling the assigned number +44 333 3000804 at 9:55 a.m. (Finnish time, EEST) at the latest. The participant code for the conference call is 76171729#. More practical information on the news conference can be found on Caverion’s website, www.caverion.com/investors.
Financial information to be published for 2022
Q3 Interim Report will be published on 3 November 2022 and Financial Statement Release for 2022 on 9 February 2023. Financial reports and other investor information are available on Caverion’s website www.caverion.com/investors. The materials may also be ordered by sending an e-mail to IR@caverion.com.
CAVERION CORPORATION
Distribution: Nasdaq Helsinki, principal media, www.caverion.com
CONTACT:
For further information, please contact:
Riitta Palomäki, Interim CFO, Caverion Corporation, tel. +358 40 833 2100, riitta.palomaki@caverion.com
Milena Hæggström, Head of Investor Relations and External Communications, Caverion Corporation,
tel. +358 40 5581 328, milena.haeggstrom@caverion.com
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/caverion/r/caverion-corporation-s-half-year-financial-report-for-1-january—30-june-2022,c3609999
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