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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Caverion Oyj    CAV1V   FI4000062781

CAVERION OYJ

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Caverion Oyj : Continental chose Caverion to implement cooling solutions for its new corporate headquarters in Hannover, Germany

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01/20/2020 | 03:01am EDT

Caverion Corporation Investor news 20 January 2020 at 10.00 a.m. EET

Continental chose Caverion to implement cooling solutions for its new corporate headquarters in Hannover, Germany

Caverion delivers Cooling and Heating & Sanitation solutions for the new corporate headquarters of Continental AG in Hannover. The company's new corporate headquarters will consist of two building complexes connected by a pedestrian bridge. Continental and Caverion already have a long-term Services partnership in Germany.

[ Continental AG]

Continental is one of the leading suppliers of the automotive industry. "Our goal is to create an environment that meets the demands of a modern working environment today and in the future. During the tendering process, Caverion convinced us with its expertise by showing us alternative approaches," says Hans-Georg Gerstmann, Project Manager at Continental.

Cooling solutions are part of Caverion's Smart Technology offering for which the company sees good growth prospects. "In order to optimise the energy consumption, we use rainwater for exhaust air cooling and groundwater in the summer for surface cooling systems. Furthermore, rainwater is used to water green areas," says Frank Krause, Executive Vice President, Caverion Germany.

On a gross floor area of approx. 46,000 square meters, there are modern workplaces for an estimated 1,250 employees as well as a canteen, a health centre, a company daycare centre, and parking spaces. The arrangement of the eight buildings resembles a campus. All areas are connected by a bridge system. Everything is designed to promote exchange and networking among the employees. The new company headquarters is scheduled to be completed in time for the 150th anniversary of the company in 2021.

Work by Caverion is expected to be completed in March 2021. For Caverion, Continental belongs to Caverion's industrial customer segment. Read more about our services (https://www.caverion.com/service-areas)

Illustration: © Continental AG

For more information, please contact:

Beate Eichinger, Marketing and Communications Specialist, Caverion Germany, +49 173 2612 827, beate.eichinger@caverion.com

Caverion provides smart technical solutions and services for buildings, industrial processes and infrastructure. Our unique service offering covers the entire life cycle: design, build and maintenance. Our vision is to be the first choice in digitalising environments for customers, employees, partners and investors. Our revenue in 2018 was approximately EUR 2.2 billion. Caverion has about 15,000 employees in 10 countries in Northern, Central and Eastern Europe. Caverion's shares are listed on Nasdaq Helsinki. www.caverion.com Twitter: @CaverionGroup

https://news.cision.com/caverion/r/continental-chose-caverion-to-implement-cooling-solutions-for-its-new-corporate-headquarters-in-hann,c3011609

https://mb.cision.com/Main/14078/3011609/1176569.pdf

https://news.cision.com/caverion/i/continental-hannover-copyright-continental-ag,c2737527

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
CAVERION OYJ -2.58% 4.15 Delayed Quote.-40.75%
CONTINENTAL AG -5.92% 64.7 Delayed Quote.-43.87%
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Financials (EUR)
Sales 2020 2 247 M
EBIT 2020 59,1 M
Net income 2020 39,8 M
Debt 2020 168 M
Yield 2020 3,86%
P/E ratio 2020 14,5x
P/E ratio 2021 9,32x
EV / Sales2020 0,33x
EV / Sales2021 0,31x
Capitalization 565 M
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Average target price 6,68  €
Last Close Price 4,15  €
Spread / Highest target 97,6%
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