YIT (YIT) investor relations material

Executive summary

• Q3 2025 profit was driven by contracting segments, with Residential CEE as the main growth driver and improved employee engagement (eNPS 37); full-year adjusted operating profit guidance was revised to EUR 40–60 million.

• Residential CEE became the primary market for revenue, volume, and profits, while Residential Finland saw declining completions and revenue.

• Order book for contracting segments is strong, with next year's order book stronger than recent years and a healthy demand environment.

• Employee and customer satisfaction improved, with eNPS at 37 and customer NPS at 56.

Financial highlights

• Q3 2025 revenue declined to EUR 402 million (453), mainly due to low residential completions; adjusted operating profit was EUR 12 million (26), with a margin of 2.9% (5.6%).

• Infra segment revenue increased 30% year-over-year to EUR 127 million; adjusted operating profit margins reached nearly 6% in Infra and 4.5% in Building Construction.

• Net debt decreased to EUR 669 million (789), gearing improved to 85% (98%), and equity ratio rose to 37% (34%).

• Rolling 12-month cash flow was almost EUR 70 million positive; operating cash flow after investments was EUR 0 million in Q3.

• Return on capital employed (ROCE) at 3.0% (2.0%) year-over-year.

Outlook and guidance

• Full-year 2025 adjusted operating profit guidance revised to EUR 40–60 million (previously EUR 30–60 million) due to stable performance.

• Residential CEE expected to drive future growth, with project completions in 2026 estimated at EUR 450 million, implying nearly 60% volume growth.

• Finnish residential market recovery is slow, with low completions limiting profit; Building Construction profitability is expected to improve, and Infrastructure to remain stable.

• Macroeconomic and geopolitical risks, especially interest rates, may impact demand and financial position.