YIT (YIT) Pre-Silent call summary

Executive summary

• Growth in the residential CEE segment continues, with 25% sales increase year-on-year and strong project starts supporting future revenue and profit generation.

• Finnish residential market is gradually recovering, with improved pre-reservation rates and successful sales campaigns, but completions and profit generation will be limited in 2025.

• Infrastructure and building construction segments show steady performance, increased order books, and improved operational efficiency, despite a competitive market.

Trading performance and revenue trends

• Residential CEE segment achieved highest apartment sales since Q4 2021, with over 500 new apartments started in Q1 2025.

• Finnish residential segment sees declining unsold inventory and regional supply shortages, with completions concentrated in Q4.

• Infra and building construction segments increased order books through new public and private sector projects.

Profitability and margins

• Residential CEE segment's profit recognition is back-end loaded due to project completions scheduled for year-end.

• Cost efficiency measures and favorable sales mix have improved margins in the Finnish residential segment.

• Building construction segment improved results by controlling project margin deviations.