YIT (YIT) Pre-close call summary

Executive summary

• Growth in the Residential CEE segment is driven by strategic diversification and strong project launches, with nearly EUR 450 million in new projects scheduled for completion in 2026.

• Finnish residential market recovery is gradual, with new self-developed projects launched in key cities and a focus on capital-efficient growth.

• Infrastructure and building construction segments are benefiting from active markets, especially in data centers, industrial, and public sector projects.

• Capital release actions, including proceeds from Tripla Mall, have strengthened the balance sheet and will fund growth and reduce indebtedness.

Trading performance and revenue trends

• Residential CEE production volumes match historical peaks, with new projects expected to boost revenue and profits from 2026.

• Finnish residential launches reflect changing consumer preferences, with larger apartments and reduced studio share.

• Contracting segments have secured significant new projects, including data centers and public buildings, supporting a strong order book.

Profitability and margins

• Building construction segment profitability improved in Q3 despite competitive conditions.

• Early project completions, such as the Kamppi Health and Well-being Center, enhance operational efficiency and benefit end users.

• Project deviations in contracting segments have developed favorably over recent quarters.