We updated our financial targets with a new target for working capital.
Caverion announced its updated financial targets for the strategy period 2014−2016 on November 1, 2013. The new targets replaced the ones announced on June 4, 2013 that YIT’s Board of Directors had at that time specified for Caverion.
The target for operating cash flow after investments was replaced with a target for working capital. The targets for revenue and EBITDA remained as announced previously on June 4, 2013.
Our updated targets reflect our determination to focus not only on increasing the profitability and efficiency of our business, but also on more efficient use of capital. By addressing this, we can free up capital and further improve our cash flow.