Caverion: Solid progress with the turnaround
By Olli Koponen
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.