Caverion reduces loss in Q2 2019.
NORDIC BUSINESS REPORT-July 25, 2019-Caverion reduces loss in Q2 2019
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Caverion Oyj (HEL:CAV1V), a provider of building systems and industrial services, on Wednesday reported a negative result of EUR7.1m, or EUR0.06 per share, for the second quarter of 2019, from 1 April to 30 June 2019.
This was an 82.2% improvement over the negative result of EUR39.7m, or EUR0.32 per share, in Q2 2018.
Revenues for the quarter were EUR512.3m, down by 9.3% as compared with EUR564.8m in Q2 2018. Services business revenues increased by 2.7% during the quarter.
Order backlog at the end of the quarter was EUR1,704.7m, up by 6.8% as compared with EUR1,596.8m at end of Q2 2018.
Also, Caverion reaffirmed its guidance for 2019 and continues to estimate...
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