Finland construction firm YIT's Q1 profit declines on one-offs

YIT Oyj

28/04/2026 06:45

Overview

Finland construction and infrastructure firm's Q1 revenue rose slightly yr/yr

Adjusted operating profit for Q1 declined yr/yr

Net loss driven by fair value changes in non-strategic assets and restructuring costs

Outlook

YIT expects 2026 Group adj operating profit for continuing ops of EUR 70-100 mln

Company sees Baltic and CEE residential markets remaining favorable in 2026

YIT does not expect Finnish primary apartment sales volumes to increase in 2026

Result Drivers

SEGMENT PERFORMANCE - Revenue growth driven by Residential CEE, Building Construction, and Infrastructure, while Residential Finland declined

NON-STRATEGIC ASSET IMPACT - Net loss mainly attributed to fair value changes in Tripla Mall Ky and OP Vuokrakoti Ky and restructuring costs

DEBT REDUCTION - Targeted measures to reduce indebtedness included debt repayment and capital release from non-strategic assets

Company press release: ID:nWkr8f2Dc5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 399 mln
Q1 Net Income
-EUR 34 mln
Q1 Adjusted EBIT
EUR 12 mln
Q1 Adjusted EBIT Margin
2.90%
Q1 Operating Profit
-EUR 18 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the homebuilding peer group is "buy."

Wall Street's median 12-month price target for YIT Oyj is €3.00, about 13.9% above its April 27 closing price of €2.64

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 39 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.)