YIT (YIT) Pre-Silent Call summary

Executive summary

• Residential CEE segment saw over 40% growth in consumer apartment sales in H1 2025, prompting an upgraded market view and new project launches valued at nearly EUR 400 million, scheduled for 2026 completion.

• Finnish residential market is gradually recovering, with secondary market activity rising and new self-developed project starts in key locations.

• Infrastructure and Building Construction segments are benefiting from increased investments in defense, industrial, and data center projects, with several new contracts secured in Q3.

• Capital release and efficiency remain strategic priorities, with significant potential identified for divestments and inventory normalization.

• Market outlook is favorable across segments, with strong order books and opportunities in industrial, energy, and defense sectors.

Trading performance and revenue trends

• Revenue and profit generation in residential segments are back-end loaded for 2025 due to project completions concentrated in Q4.

• New residential project launches with strong reservation and sales rates are expected to support financial performance in 2026.

• Building Construction segment continued to improve profitability in Q2, supported by wins in both public and private sectors.

Profitability and margins

• Defense and data center projects typically offer healthy margins compared to other segments.

• Building Construction segment is seeing improved profitability despite a competitive market.