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4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Caverion Oyj    CAV1V   FI4000062781

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Caverion : Werner Kühn appointed to the Management Board of Caverion Corporation

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07/28/2014 | 09:29am CET

Mr. Werner Kühn (55) has been appointed as Group Executive Vice President and CEO of Division Germany and member of the Group Management Board of Caverion Corporation. Mr. Kühn will start in his new position on February 1, 2015 at the latest. He will report to the President and CEO Fredrik Strand.

Werner Kühn is moving to Caverion from Tyco Fire & Security, Germany, where he has worked as General Manager and Managing Director since 2012. He has over 15 years of experience from managing director and executive positions internationally and nationally. He has previously held positions such as Vice President EMEA Avocent at Emerson Network Power, Director Sales & Marketing Europe at Proficiency Inc., Chief Research Officer in HTCS-International, Vice President of UC-Networks and General Manager of Azlan, Europe's largest network and security distributor.

"I am glad that I have the possibility to bring in my experience from complex service business in an international context and to be able to contribute to taking Caverion into the next level of success," Werner Kühn states.

"I am very pleased to welcome Mr.Kühn to Caverion. He is an experienced leader, and I firmly believe that he will bring valuable insight on leading and developing business and digitalization of services as well as sales and customer thinking to Caverion. He has a significant role in transforming Caverion into a genuine European service company," says Fredrik Strand, the President and CEO of Caverion Corporation.

Karl-Walter Schuster, current head of Caverion's Division Germany (acting) will continue until when Mr. Kühn will take up his position. After that MrSchuster's will fully concentrate on his permanent role as head of Project Excellence business area.

For additional information please contact:   

Merja Eskola, Senior Vice President, Human Resources, tel. +358 40 744 0990, merja.eskola@caverion.fi
Milena Hæggström, Head of Investor Relations, tel. +358 40 5581 328, milena.haeggstrom@caverion.fi

The CV and the photo of Werner Kühn are available on Caverion's website at www.caverion.com/investors.

CAVERION CORPORATION

Distribution: NASDAQ OMX, principal media,www.caverion.com

Caverion designs, builds, operates and maintains user-friendly and energy-efficient technical solutions for buildings and industries. Our services are used in offices, retail properties, housing, public premises, industrial plants and infrastructure, among other places. We aim to be a leading European provider of advanced and sustainable life cycle solutions. Our strengths include technological competence and comprehensive services, covering all technical disciplines throughout the life cycle of the property and industrial plant. Caverion was established through the demerger of Building Services and Industrial Services businesses from YIT Group in June 2013. Our revenue for 2013 amounted to approximately EUR 2.5 billion. Caverion has nearly 18,000 employees in 13 countries in Northern and Central Europe. Caverion's shares are listed on NASDAQ OMX Helsinki.www.caverion.com

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Financials (€)
Sales 2016 2 431 M
EBIT 2016 -2,00 M
Net income 2016 -2,57 M
Debt 2016 109 M
Yield 2016 3,30%
P/E ratio 2016 -
P/E ratio 2017 16,17
EV / Sales 2016 0,38x
EV / Sales 2017 0,36x
Capitalization 815 M
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Mean consensus HOLD
Number of Analysts 8
Average target price 7,10 €
Spread / Average Target 9,4%
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NameTitle
Sakari Toikkanen President & Chief Executive Officer
Michael Wilhelm Rosenlew Chairman
Martti Ala-Härkönen Chief Financial Officer
Anna Kristiina Hyvönen Independent Director
Eva Maud Lindqvist Independent Director
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