Finland's YIT Q2 revenue, adjusted profit rise on strong apartment sales

YIT Oyj

24/07/2026 06:39

    

    Overview
  
Finland construction and infrastructure firm's Q2 revenue rose yr/yr, adjusted operating profit improved
Adjusted operating profit margin increased to 3.9% from 3.1%
Company issued EUR 150 mln in new green notes, repurchased outstanding 2027 notes

    

    Outlook
  
YIT expects 2026 group adj operating profit of EUR 70-100 mln
Company expects favorable residential market in Baltic and Central Eastern Europe in 2026
YIT says Finnish primary apartment sales volumes not expected to increase in 2026

    

    Result Drivers
  
RESIDENTIAL CEE GROWTH - Co said strong apartment sales and profit growth in Central Eastern Europe supported results
INFRASTRUCTURE AND DATA CENTERS - Revenue growth in Infrastructure segment driven by investments in infrastructure and data centers in Finland, per CEO
WEAK RESIDENTIAL FINLAND - Co said continued weak market conditions in Finland led to lower apartment sales and no new self-developed project starts

    
Company press release: ID:nWkr1P7pT7

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
EUR 472 mln
 
Q2 Net Loss
 
EUR 12 mln
 
Q2 Adjusted EBIT
 
EUR 19 mln
 
Q2 Adjusted EBIT Margin
 
3.90%
 
Q2 EBIT
 
EUR 13 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for YIT Oyj is €2.70, about 1.5% above its July 23 closing price of €2.66
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 29 three months ago

    

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(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.)