YIT (YIT) investor relations material

Executive summary

• Revenue and profitability improved in Q2 2026, with group revenue up 3.5% year-over-year to EUR 472 million and adjusted operating profit rising to EUR 19 million (3.9% margin), driven by strong Residential CEE and Infrastructure segments.

• Residential CEE segment drove profit growth, while Residential Finland faced a 40% revenue decline and continued losses due to weak investor demand.

• Infrastructure and Building Construction segments showed strong revenue and margin improvements, supported by efficiency gains and robust order books.

• Strategic focus on data centers in Finland led to a major new contract worth EUR 300 million, expanding capabilities and future growth potential.

• Efficiency improvements and cost-saving actions delivered EUR 15 million of targeted annual savings by end of Q2.

Financial highlights

• Group revenue grew 3.5% year-over-year to EUR 472 million in Q2; adjusted operating profit reached EUR 19 million (3.9% margin).

• Operating cash flow after investments was EUR -12 million, a EUR 15 million improvement year-over-year; rolling 12 months positive at EUR 118 million.

• Net interest-bearing debt decreased to EUR 618 million (Q2/25: 670m); gearing increased to 91% (Q2/25: 84%).

• Return on capital employed improved to 6.1% from 5.4% a year ago.

• Earnings per share at EUR -0.06 (Q2/25: -0.02).

Outlook and guidance

• Guidance for 2026 unchanged: adjusted operating profit expected between EUR 70 million and EUR 100 million.

• Residential CEE market conditions remain favorable; Finnish residential market expected to stay weak through 2026.

• Building Construction performance expected to improve; Infrastructure to remain stable.

• Data center and industrial construction expected to drive growth in Finland.

• Macroeconomic and geopolitical risks could impact demand and investment values.