Caverion Corporation s Financial Statement Release for 1 January - 31 December 2020
Strong cash flow the highlight of the corona year - enabling an increased dividend
1 October - 31 December 2020
Revenue: EUR 579.3 (589.0) million, down by 1.7 percent, 1.0 percent in local currencies. Organic growth was -5.6 percent. Services business revenue up by 4.4 percent, 5.3 percent in local currencies.
Adjusted EBITA: EUR 22.5 (33.7) million, or 3.9 (5.7) percent of revenue.
EBITA: EUR 6.3 (22.5) million, or 1.1 (3.8) percent of revenue, impacted by restructuring and write-downs on the last remaining major risk project.
Operating cash flow before financial and tax items: EUR 81.3 (80.6) million. Cash and cash equivalents at year-end EUR 149.3 (93.6) million.
Earnings per share, undiluted: EUR -0.03 (0.11) per share, impacted also by a high effective tax rate (corona and restructuring impact).
By Chris Leadbetter and Alex Devereux 2020-07-02T05:00:00+01:00
A liability and contract perspective on how the government commitment to net zero carbon by 2050 will impact the industry
The construction industry knows that it has a carbon problem. Action is starting to be taken, and the industry’s reaction to covid-19 shows that it can adapt quickly, however the government has committed the UK to being a net-zero carbon economy by 2050. We will all therefore have to act on carbon, fast. Here are our five predictions for how we think this sea change in the industry might play out from a liability and contract perspective.
Sweden says EU plan to hit world’s busiest green debt market
Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
Updated: 22/12/2020, 7:54 am
Rows array of polycrystalline silicon solar panels and wind turbines generating electricity
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Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
Dec 22 2020, 5:19 PM
December 21 2020, 10:30 AM
December 22 2020, 5:19 PM
(Bloomberg) Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
(Bloomberg) Sweden is fighting a draft European climate measure that it says could harm its world-beating green bond market.
The European Commission, which wants to steer investors to socially and environmentally sustainable assets, is proposing that only buildings certified as super-energy efficient by national authorities be included in its taxonomy. Being excluded would make financing more expensive.
But national energy requirements differ and since Sweden imposes some of Europeâs toughest, the EUâs framework would ultimately dramatically shrink the pool of Swedish assets that could be funded with green bonds. The Swedish Bankersâ Association says the fallout could leave just 1% of the total eligible, compared with as much as 20% in other countries.