Q3 2025 YIT Oyj Earnings Call Transcript
Key Points
- The contracting segment's profitability continues to improve, serving as the main profit driver during the third quarter.
- The CEE region has become the primary market for YIT Oyj (OHEL:YIT) in terms of revenue, volume, and profits.
- The company's order book for the next year is stronger than in recent years, indicating a healthy demand environment.
- The infra segment saw a 30% increase in revenue compared to last year, with a strong order book and active tendering pipeline.
- Employee commitment to the new strategy is strong, as indicated by a recent survey, and the company has revised its full-year guidance upwards.
- The low amount of apartment completions in the residential business negatively impacted group-level revenue, which declined to EUR402 million.
- Adjusted operating profit was affected by the residential segment volumes, resulting in a profit of EUR12 million.
- The residential market in Finland remains weak, with a long way to go before reaching normal levels.
- Workforce availability issues are emerging in Slovakia and Czech, which could impact operations.
- Non-core assets continue to burden profitability, with costs exceeding the benefits from fair value gains.
Hi everyone, welcome to YIT third quarter 2025 results webcast. My name is Essi Nikitin, and I am heading the investor relations at YiT.
The results will be presented to you by our CEO Heikki Vuorenmaa and CFO, Tuomas Makipeska.
Without further ado, I will hand over to Heikki now to go through the latest developments in the company. Please go ahead, Heikki.
Yes, thank you very much, Essi and welcome also on my behalf of the third quarter 2025 webcast.
In the third quarter, we overall delivered solid performance in line with our expectations.
The contracting segment's profitability continues to improve, and they were the main profit drivers during the third quarter. Our apartment sales and production keeps increasing in the residential segments.
And the CEE has taken the role as our primary
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