YIT (YIT) Pre-Silent call summary

Executive summary

• Residential sales in Central Eastern Europe and Baltics remain strong, with business progressing as planned and positive market reception supporting growth objectives.

• Expansion into Kladno, Czech Republic, with a 200-apartment project, demonstrates strategic growth in the region.

• Finnish residential market shows gradual improvement in reservations, but overall activity remains low, with completions projected to decrease in 2025.

• Infrastructure and building construction segments are active, with strong order books and new large projects secured, especially in data centers and industrial construction.

Trading performance and revenue trends

• Residential CEE markets have shown consistent growth and demand, leading to an upgraded short-term outlook from stable to improving.

• Finnish infrastructure operations increased revenue, adjusted operating profit, and order book in 2024.

• Building construction segment's order book has decreased due to a shift away from self-developed projects, but operational performance is expected to improve.

Profitability and margins

• Infrastructure segment improved adjusted operating profit and reduced capital employed to negative, aligning with strategic goals.

• Building construction segment is not yet at desired profitability, but steps have been defined to strengthen performance.