YIT (YIT) Pre-Silent call summary

Executive summary

• Residential sales in Central Eastern Europe and Baltics remain strong, with business progressing as planned and capital efficiency improving.

• Expansion in Czech Republic with the Portti Kladno project supports strategic growth objectives.

• Finnish residential market shows gradual improvement in reservations, but overall activity remains low, with completions projected to decrease in 2025.

• Infrastructure segment in Finland reports increased revenue, profit, and order book, with strong public and private sector demand.

• Building construction segment is refocusing on selected customers, with operational improvements expected and new large projects underway.

Trading performance and revenue trends

• Residential CEE markets show consistent growth and demand, leading to an upgraded short-term outlook from stable to improving.

• Finnish infrastructure operations increased revenue and order book in 2024, with new contracts secured in tramway and industrial projects.

• Building construction order book has decreased due to a shift away from self-developed projects, but new projects like the Salvia building are starting.

Profitability and margins

• Infrastructure segment achieved higher adjusted operating profit and reduced capital employed to negative, aligning with strategic goals.

• Building construction segment's profitability is not yet satisfactory, but operational performance is expected to improve this year.