Q2 2025 YIT Oyj Earnings Call Transcript
Key Points
- YIT Oyj (STU:YIT) delivered a solid performance in Q2 2025, with an operating profit increase to €10 million.
- The infrastructure segment recorded a 36% year-on-year growth in revenue, showcasing strong performance.
- The company has successfully improved operational efficiency, customer insights, and supply chain capabilities, leading to effective ramp-up of new production.
- YIT Oyj's inventory of apartments is declining, indicating successful sales efforts and a normalization of inventory levels outside the capital area.
- The company has a strong plot portfolio, enabling the construction of approximately 16,000 new homes in Finland and 13,000 in other countries, supporting future growth.
- Revenue declined to €412 million in Q2 2025, impacted by zero completions in the residential segments.
- The residential CEE segment experienced a negative operating profit of €2 million due to uneven completions.
- Cash flow after investments was negative €29 million for the second quarter, affected by the usual business cycle.
- The building construction segment's capital employed continues to be impacted by historical reasons, burdening profitability.
- The Finnish residential market recovery is still weak in the short term, affecting overall revenue development.
Hi everyone. Welcome to YIT's second quarter 2025 results webcast. My name is Essi Nikitin and I'm heading the investor relations at YIT. Together with me today are our CEO Heikki Vuorenmaa and CFO Tuomas Makipeska. But now, without further ado, I will hand over to Heikki to go through the latest developments in the company. Please go ahead, Heikki.
Yes, Good morning all and thank you Essi for opening the second quarter investor call. Second quarter was a positive quarter for YIT. Overall, we delivered solid performance amid company results were largely driven by contracting segments as both residential segments had zero completions during the quarter. The finish residential market recovery continued. Mortgage drawdowns are up by 18% year on year in the first five months and we are launching new projects with good
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