YIT tracks worst day since 2008 as EBIT disappoints on both Q4 and outlook

YIT Oyj

07/02/2025 09:49

** Shares in Finnish construction firm YIT  YIT.HE  slump
13% on disappointing quarterly operating profit and 2025
earnings outlook
    ** Q4 adj. EBIT of EUR 13 million ($13.5 million) was
clearly below what was expected by analysts polled by Vara
    ** "Consensus expected an adjusted operating profit of EUR
22 million and a margin of 4%, against which the result was
clearly disappointing," Inderes analyst Olli Koponen says
    ** YIT sees 2025 adj. EBIT of EUR 20-60 million, while
Inderes' estimate stood at the upper end of that range at EUR 56
million
    ** "Consensus expected an adjusted operating profit of EUR
62 million in 2025," Koponen adds
    ** If the losses hold, YIT shares will see their worst day
since July 2008

($1 = 0.9623 euros)

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))