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YIT Oyj
F:YIT

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YIT Oyj
F:YIT
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Price: 3.142 EUR 0.96% Market Closed
Market Cap: 724.5m EUR

YIT Oyj
Investor Relations

YIT Oyj engages in the provision of construction services. The company is headquartered in Helsinki, Etela-Suomen and currently employs 6,803 full-time employees. The company went IPO on 2010-05-03. The firm operates in four segments: Housing Finland and CEE, Housing Russia, Business Premises and Infrastructure, as well as Partnership Properties. The Housing Finland and CEE comprises construction and developments of apartments and entire residential areas in Finland, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia, Poland. The Housing Russia and Business Premises implies construction and development of apartments and entire residential areas, as well as service and maintenance business, in seven regions in Russia. The Business Premises and Infrastructure comprises construction of offices, shopping centers, care facilities, roads, bridges, rail and metro stations, harbors, road and street maintenance in Finland, Estonia, Latvia, Lithuania and Slovakia. The Partnership Properties focuses on ownership and creating financing structures for development projects.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
Apr 29, 2025
AI Summary
Q1 2025

Profit Turnaround: Adjusted operating profit improved across all segments, swinging from a loss of EUR 14 million to a profit of EUR 8 million year-on-year.

Revenue Decline: Group revenue fell by 6% to EUR 386 million, with growth in Residential CEE and Infrastructure, but declines in Building Construction and Residential Finland.

Residential Recovery: Finland’s residential market is showing signs of improvement, especially in the capital area, while the CEE region sees strong demand and sales.

Order Book Strength: Infrastructure segment order book stayed strong at over EUR 800 million, equating to about 24 months of work.

Inventory Down: Unsold residential inventory continued to decrease, with 70% of remaining stock located in the capital region.

Cash Flow Seasonality: Cash flow was negative EUR 16 million due to seasonality, but rolling 12-month cash flow after investments has been positive for five quarters.

Guidance Maintained: 2025 adjusted operating profit guidance remains at EUR 20–60 million; management expects profits to be heavily back-end loaded to Q4 due to completion timing.

Transformation Benefits: Efficiency gains from the transformation program contributed to profitability and capital release, supporting a positive trend in return on capital employed.

Key Financials
Adjusted Operating Profit
EUR 8 million
Revenue
EUR 386 million
Cash Flow
minus EUR 16 million
Net Interest-Bearing Debt
EUR 689 million
Gearing
91%
Unsold Apartment Inventory
682 units (Finland, end of Q1)
Residential CEE Revenue (Rolling 12 Months)
25% year-on-year growth
Residential CEE Operating Margin (Rolling 12 Months)
Close to 12%
Infrastructure Revenue
EUR 110 million
Infrastructure Order Book
Over EUR 800 million
Building Construction Order Book
EUR 257 million capital employed; order book equals approx. 18 months of work
2025 Adjusted Operating Profit Guidance
EUR 20–60 million
Land Bank
EUR 760 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Heikki Vuorenmaa M.Sc.
Chairman of the Group Management Team, CEO & President
No Bio Available
Mr. Antti Inkila M.Sc., M.Sc. (Tech.)
Executive VP of Housing Segment, Deputy to President & CEO and Member of Group Management Team
No Bio Available
Mr. Tuomas Makipeska M.Sc. (Econ.)
CFO & Member of Management Board
No Bio Available
Dr. Juha Kostiainen M.Sc. (Eng.), Ph.D.(Adm.)
Executive VP of Urban Development & ESG and Member of Group Management Board
No Bio Available
Mr. Peter Forssell
Executive VP of Business Premises Segment & Member of Group Management Team
No Bio Available
Mr. Aleksi Laine M.Sc.
Executive VP of Infrastructure Segment & Member of Group Management Team
No Bio Available
Ms. Jennie Stenbom M.A.
Executive VP of Human Resources & Member of Group Management Team
No Bio Available
Mr. Jaakko Makynen
Head of Corporate Finance
No Bio Available
Ms. Essi Nikitin M.Sc.
Vice President of Investor Relations
No Bio Available
Ms. Juha Jauhiainen
Corporate General Counsel & Secretary of the Board
No Bio Available

Contacts

Address
ETELA-SUOMEN
Helsinki
Panuntie 11, PL 36
Contacts
+35820433111.0
www.yit.fi