Yit Oyj Unsp/Adr (YITYY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone. Welcome to YIT'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, Heikki Vuorenmaa, and interim CFO, Markus Pietikäinen. Without further ado, I will hand over to Heikki to go through the latest developments in the company. Please go ahead, Heikki. Thank you very much, Esti, 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 retail 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. Year began with the healthy margins showing the quality of the new project we launched in 2025. The market remains favorable giving us more opportunities to continue to reach our strategic targets. Both of our contracting segments started the year with a positive trend, with a higher revenue and bigger order books for the first quarter. Overall, we are pleased with the situation and outlook for our contracting businesses. In Finland, the residential business sales to consumers are steady And the number of unsold apartments declined 20% during the quarter. Let's look numbers more in detail. Like I said, the market situation in residential Finland has stayed similar as last year. And the segment continues to be impacted by the low market volumes. That is also reflected on the segment finance performance, which remains negative....