Q1 2026 YIT Oyj Earnings Call Transcript
Key Points
- The residential CEE segment showed steady growth in both profits and revenue, with a nearly 14% profit margin.
- Building construction volumes increased by 12% for the first quarter, with profit margins trending positively.
- Infra segment continues to deliver revenue growth with healthy margins and recorded significant new orders.
- Operating cash flow after investments was strong at EUR19 million, improving by almost EUR30 million compared to Q1 2025.
- Net debt decreased by EUR100 million from Q1 2025, and gearing decreased year-on-year to 83%.
- The residential Finland segment continues to be impacted by low market volumes, resulting in negative financial performance.
- The company experienced more one-off costs compared to the previous year, impacting first-quarter profits.
- A negative fair value adjustment of EUR60 million was made to the Tripla mall investment.
- The sale of a residential apartment portfolio resulted in a negative impact of EUR9 million on adjusting items.
- The adjusted net debt, excluding certain liabilities, was at EUR213 million, indicating ongoing financial obligations.
Hi, everyone. Welcome to WIATI's first quarter of 2026 results webcast.
My name is Essi Nikitin, and I'm heading the investor relations at YIT.
The results will be presented to you by our CEO, Hekki Vorema, and interim CFO, Markus Pietikaine.
Without further ado, I will hand over to Hekki to go through the latest developments in the company. Please go ahead, Hekki.
Thank you very much, Essi, and welcome to our quarterly webcast also from my behalf.
The year started well according to our expectations, and we have many positive news today from the first quarter across the businesses and operating countries to share with you.
Despite the ongoing global uncertainty, we continue to take those actions that is ensuring to reach our targeted profitability for the full year.
But let's start and get to the main highlights.
We are very happy to share that our residential CEE segment continues to perform well, with a steady growth in both profits and revenue. The year began
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