Yit Oyj Unsp/Adr (YITYY) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.658 -- 00:00:02.439 Hi everyone. 00:00:02.439 -- 00:00:08.464 Welcome to YIT's Half Year 2026 results webcast. 00:00:08.464 -- 00:00:13.528 My name is Essi Nikitin and I'm heading the investor relations at YIT. 00:00:13.528 -- 00:00:18.791 Together with me here are our CEO Heikki Vuorenmaa and Interim 00:00:18.791 -- 00:00:20.733 CFO 00:00:20.733 -- 00:00:23.433 Markus Pietikainen. 00:00:23.997 -- 00:00:30.280 We will first hear Heikki to go through the second quarter developments in the company. 00:00:30.280 -- 00:00:36.663 Following that, Markus will walk you through the latest financial development. 00:00:36.663 -- 00:00:41.825 Last but not least, Heikki will wrap up the presentation with a short 00:00:41.825 -- 00:00:45.346 update on our strategy progress. 00:00:45.346 -- 00:00:50.529 After the presentation, the participants will have an opportunity to ask questions 00:00:50.529 -- 00:00:53.210 from Heikki and Markus. 00:00:53.210 -- 00:00:59.988 But now, Without further ado, I will hand over the floor to Heikki. 00:01:00.670 -- 00:01:05.774 Thank you very much, Essi, and welcome to this second quarter 26 00:01:05.774 -- 00:01:08.716 webcast also from my behalf. 00:01:08.716 -- 00:01:14.139 And let's start the webcast with some key highlights from the quarter. 00:01:14.501 -- 00:01:20.045 We made positive progress during the second quarter as our revenue and profitability 00:01:20.045 -- 00:01:22.198 continued to improve. 00:01:22.198 -- 00:01:26.722 The residential operation in CEE continued strong. 00:01:26.722 -- 00:01:31.725 Revenue increased by over 30%, and the project pipeline improved 00:01:31.725 -- 00:01:38.009 as we launched a new project worth of 160 million during the quarter. 00:01:38.591 -- 00:01:43.895 Infrastructure revenue increa...