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SRV Financial statement release 1-3/2026: Substantial order intake paves the way for strong performance in the rest of the year - first-quarter revenue and operative operating profit low, as expected
SRV Financial statement release 1-3/2026: Substantial order intake paves the way for strong performance in the rest of the year - first-quarter revenue and
About this update from Srv Yhtiot Oyj
SRV GROUP PLC INTERIM REPORT 7 MAY 2026 AT 08.30 EEST SRV Financial statement release 1-3/2026: Substantial order intake paves the way for strong performance in the rest of the year - first-quarter revenue and operative operating profit low, as expected January - March 2026 in brief: Revenue was EUR 140.6 (161.4) million (-12.9%).Revenue from non-residential construction was EUR 125.6 (149.8) million and revenue from residential construction was EUR 15.0 (11.7) million. SRV Infra Oy, which was sold in December 2025, accounted for EUR 9.0 million of the revenue from non-residential construction during the comparison period. Operative operating profit amounted to EUR -0.3 (1.1) million. Non-residential construction volumes in alliance projects were lower than in the comparison period, which had a negative impact on operative operating profit. Both volumes and margins developed favourably in lifecycle projects and other non-residential contracting. In residential construction, volumes and margins improved slightly on the comparison period. Operating profit was EUR -0.3 (0.7) million. The operating profit for the comparison period was weakened by approximately EUR 0.4 million in expert fees related to the sale of the Pearl Plaza shopping centre. The result before taxes was EUR -2.2 (-0.5) million. Order intake in January-March was strong - with new agreements signed valued at EUR 395.4 (140.9) million. The most significant new contract was the DayOne data center to be built in Lahti. At period-end, the order backlog stood at EUR 1,030.5 (1,042.6) million. In addition, the order backlog for service periods in lifecycle projects amounted to EUR 101.9 (106.0) million. SRV also has projects valued at about EUR 1.3 (0.6) billion that have been won or committed to with preliminary/development agreements, but which have not yet been entered into the order backlog. Excluding the impact of IFRS 16, the equity ratio was 51.4 (49.1) per cent and gearing was -13.6 (-4.5) per cent. Financing reserves totalled EUR 114.6 (80.5 3/2025) million. Outlook for 2026 The Group's revenue for 2026 is expected to exceed EUR 800 million (Revised 23 April 2026. Previous&...