YIT (YIT) Pre-Silent Call summary

Executive summary

• Growth in residential Central and Eastern Europe (CEE) continues, with 25% sales increase year-on-year and highest apartment sales since Q4 2021.

• Finnish residential market is gradually recovering, with positive mortgage trends and successful sales campaigns, but completions for 2025 are projected to decrease.

• Infrastructure and building construction segments show strong order books and improved operational efficiency, with notable new contracts in Finland.

• Financial position remains stable, supported by successful green capital securities issuance and ongoing capital efficiency measures.

Trading performance and revenue trends

• Residential CEE segment saw a 25% increase in rolling 12-month sales, with over 500 new apartments started in Q1 2025.

• Finnish residential segment is experiencing tighter supply and declining unsold inventory, with regional shortages outside the capital area.

• Infrastructure and building construction segments increased order books and secured several new public and private sector projects.

Profitability and margins

• Profit generation in residential CEE will be back-end loaded due to project completions concentrated at year-end.

• Cost efficiency measures from the transformation program are visible in the Finnish residential segment, supporting margins.

• Improved project margin control in building construction supports financial performance.