Yit Oyj Unsp/Adr (YITYY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everyone. Welcome to YIT's Financial Statements Bulletin 2025 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 Essi and welcome everyone to today's webcast. Today we will have a comprehensive agenda ahead of us. First we review our full year, 25 performance. Then we will take the deep dive into the fourth quarter and following up on providing some additional details regarding the news related to earlier today. But let's begin with the overview of the full year. So the first year of our strategy that we introduced 2024 is now behind. We made progress across the several targets areas, including our adjusting operating profit margin, return on capital employed, gearing, and the customer and employee NPS levels. Our financial position continued to strengthen, It was supported by improved financing terms and 120 million euro reduction in the net debt. The business segments delivered different types of performance throughout the year. In the residence of Finland, the inventory of unsold completed apartments declined and we initiated new consumer project in response to market demand. However, the activity in the primary market remained limited. Within the residential CE, our apartment sales grew by over 30% as the market conditions strengthened. We launched a record level of new project starts. Both of these will further establish this region as our principal residential market within the company. The infrastructure segment achieved robust results. Revenue increased by more than 30% and the p...