Finland's SRV Q1 revenue falls 13%, raises FY outlook on order intake

SRV Yhtiot Oyj

07/05/2026 06:43

Overview

Finnish construction developer's Q1 revenue fell 13% yr/yr on lower order backlog and project volumes

Operative operating profit turned negative, impacted by lower non-residential construction volumes

Company raised 2026 revenue and profit guidance after strong Q1 order intake

Outlook

SRV expects 2026 revenue to exceed EUR 800 mln, up from previous EUR 650–750 mln guidance

Company expects 2026 operative operating profit to surpass 2025 levels

SRV says earnings will be weighted toward second half as new projects generate revenue

Result Drivers

LOW NON-RESIDENTIAL VOLUMES - Decline in non-residential construction volumes negatively impacted operative operating profit, per co

WEAK MARKET DEMAND - Co cited market uncertainty and lower consumer confidence following geopolitical events as dampening demand

Company press release: ID:nWkr2rYkzq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 140.60 mln
EUR 154.50 mln (2 Analysts)
Q1 Operative EBIT
-EUR 300,000
Q1 Pretax Profit
-EUR 2.20 mln


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", no "hold" and 2 "sell" or "strong sell"

Wall Street's median 12-month price target for SRV Yhtiot Oyj is €5.25, about 2.1% below its May 6 closing price of €5.36

The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 270 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)