Caverion Reports Increased Revenue and Earnings for 2022
Building and infrastructure solutions provider Caverion Oyj reported a strong financial year 2022. The company's revenue grew by nearly 10 percent to EUR 2.35 billion, with adjusted EBITA increasing over 20 percent.
Helsinki – Caverion Oyj, a global provider of building and infrastructure technical solutions, has reported a significant performance improvement and earnings growth for the full year 2022. The company's revenue rose by 9.9 percent to EUR 2.35 billion, up from EUR 2.14 billion in the previous year. Adjusted EBITA saw a 20.7 percent increase, reaching EUR 105.8 million.
The company's order backlog stood at EUR 1.94 billion at year-end, an increase of 4.3 percent compared to the prior year. Both the services backlog and revenue experienced notable growth, while the projects backlog saw a slight decrease. Caverion completed 12 acquisitions during 2022, contributing approximately EUR 94 million in annual revenue.
Full-year EBITA reached EUR 86.1 million, marking a record high in the company's nearly decade-long history as a listed entity. The Board of Directors has proposed a dividend of EUR 0.20 per share for 2022.
Looking ahead, Caverion anticipates continued growth in 2023, forecasting increases in both revenue and adjusted EBITA compared to the previous year. The company noted strong momentum in the fourth quarter, with revenue increasing by 16.7 percent to EUR 682.9 million and organic growth reaching 14.9 percent.