Business
SRV Yhtiöt Oyj : Interim Report Presentation Q1 2026
SRV Yhtiöt Oyj : Interim Report Presentation Q1
About this update from Srv Yhtiot Oyj
Interim Report 1-3/2026 SRV Group Plc 7 May 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 Saku Sipola, President & CEO Jarkko Rantala, CFO Agenda 2 1 Market overview Strategy 3 Interim Report 1-3/2026 4 4 Outlook 2026 The macroeconomic environment remained uncertain The investor market, which picked up especially in the early part of the year, weakened as the war in Iran and the resulting rise in energy prices accelerated inflation and interest rates rose, at least temporarily. The clear weakening of consumer confidence weighs on private consumption and the housing market. The market conditions for construction are expected to start to strengthen in 2026-2027, although short-term uncertainty remains high. Sources: Bank of Finland, Statistics Finland, Investing.com, Ministry of Finance 3 23 24 25 26 27 2026 2027 +1.5% +1.0% +3.5% Forecast 03/26 Forecast 09/25 20 21 22 23 24 25 26 20 21 22 23 24 25 26 1/2020-3/2026 1/2020-3/2026 20 21 22 0 5 1 0 -1 15 10 4 3 2 5 4 3 2 1 0 -1 20 Five-year SWAP rate (%) 12 month Euribor (%) 20 21 22 23 24 25 26 20 21 22 23 24 25 26 1/2020-4/2026 1/2020-3/2026 25 45 40 35 30 CFCI's forecast 03/2026 Total construction market (€ billion) 10 5 0 -5 -10 -15 -20 3 2 1 0 -1 -2 -3 Consumer confidence GDP volume change (%) Public sector demand has remained stable, with data centres forming a significant growth segment NON-RESIDENTIAL CONSTRUCTION Demand in the public sector has remained stable, and investments in public spaces will continue to support the contract market in the coming years. In the private sector, data centre projects in particular form a significant growth segment. The sharp increase in building permits for data centres is already reflected in the development of activity in commercial construction. Investor demand for non-residential premises showed gradual signs of recovery in the first half of the year, but the prolongation of the energy crisis and geopolitical uncertainty may weaken the development. Sources: Statistics Finland, KTI, CFCI 4 25 26 2020-2026 (KTI) 20 21 22 23 24 25 26 27 0.0 20 21 22 23 24 2026 2027 Forecast 03/26 +6.0% +4.5% Forecast 09/25 +3.0% Retail Hotel Office Public use Industrial Residential Permits, starts and completions of transport buildings* 5 4 3 2 1 0 2000 2002 2...