YIT (YIT) Pre-Silent call summary

Executive summary

• Apartment sales in the Baltic and CEE regions grew over 30% in 2025, making these areas the main focus for residential development and construction.

• Finnish residential sales underperformed in 2025 due to weak market conditions and consumer uncertainty, with no expected increase in 2026.

• Infrastructure segment revenue rose over 30% in 2025, driven by strong project execution and a robust order book.

• Strategic growth targets for industrial and data center construction were doubled for both Infrastructure (to 10%) and Building Construction (to 4%) segments.

Trading performance and revenue trends

• Residential CEE saw healthy demand, especially in Czech and Polish markets, with project margins at targeted levels.

• New project starts in Q1 2026 included two in Riga and one each in Prague, Kaunas, and Vilnius.

• Finnish residential market remains subdued, with sales volumes not expected to rise in 2026.

• Infrastructure and Building Construction segments secured several new contracts in Q1 2026, including major public and private projects.

Profitability and margins

• Project margins in the CEE region remained at targeted levels despite increased investments.

• Residential Finland profitability was impacted by declining production and sales volumes, and reliance on completed inventory.