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YIT Oyj — Audit Report / Information 2024
Mar 28, 2025
3249_rns_2025-03-28_f089391b-8c58-4dd7-80ff-3a038680c20c.pdf
Audit Report / Information
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YIT restates operating segments' financial information for 2024
28 March, 2025
With the new strategy launched in November 2024, YIT changed its segment structure from the beginning of 2025. Housing segment was divided into two separate operating segments and renamed to Residential Finland and Residential CEE, and Business Premises segment was renamed to Building Construction. From the beginning of 2025, YIT has four operating segments: Residential Finland, Residential CEE, Building Construction and Infrastructure.
As a result, YIT has restated the financial information for 2024. The tables below present the restated segment financial information on an unaudited basis for all quarters of 2024.
Segment financial information
| 1-3/24
EUR million | Residential
Finland | Residential
CEE | Building
Construction | Infrastructure | Other Items | Group |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 118 | 51 | 169 | 85 | -11 | 412 |
| Revenue from external customers | 112 | 51 | 169 | 81 | — | 412 |
| Revenue Group internal | 7 | — | 1 | 4 | -11 | — |
| Depreciation, amortization and impairment | — | -1 | -1 | -2 | -2 | -5 |
| Operating profit | -7 | 2 | -11 | 11 | -4 | -8 |
| Operating profit margin, % | -5.6 | 4.2 | -6.5 | 13.4 | | -2.0 |
| Adjusting items | — | — | — | -11 | 5 | -6 |
| Adjusted operating profit | -7 | 2 | -11 | 1 | 1 | -14 |
| Adjusted operating profit margin, % | -5.6 | 4.2 | -6.5 | 0.7 | | -3.4 |
| 4-6/24
EUR million | Residential
Finland | Residential
CEE | Building
Construction | Infrastructure | Other Items | Group |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 99 | 45 | 205 | 94 | -10 | 434 |
| Revenue from external customers | 91 | 45 | 205 | 92 | — | 434 |
| Revenue Group internal | 8 | — | — | 2 | -10 | — |
| Depreciation, amortization and impairment | — | -1 | -1 | -1 | -14 | -17 |
| Operating profit | -6 | 2 | 5 | -16 | -28 | -42 |
| Operating profit margin, % | -6.0 | 3.9 | 2.6 | -16.9 | | -9.8 |
| Adjusting items | — | — | — | 22 | 28 | 49 |
| Adjusted operating profit | -6 | 2 | 5 | 6 | 0 | 7 |
| Adjusted operating profit margin, % | -6.0 | 3.9 | 2.6 | 6.2 | | 1.6 |
| 7-9/24
EUR million | Residential
Finland | Residential
CEE | Building
Construction | Infrastructure | Other Items | Group |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 106 | 82 | 175 | 98 | -8 | 453 |
| Revenue from external customers | 100 | 82 | 175 | 97 | — | 453 |
| Revenue Group internal | 6 | — | — | 1 | -8 | — |
| Depreciation, amortization and impairment | — | -1 | -1 | -1 | -2 | -5 |
| Operating profit | 5 | 8 | 6 | -1 | -5 | 13 |
| Operating profit margin, % | 4.6 | 9.6 | 3.5 | -0.8 | | 2.9 |
| Adjusting items | — | — | — | 5 | 7 | 12 |
| Adjusted operating profit | 5 | 8 | 6 | 5 | 2 | 26 |
| Adjusted operating profit margin, % | 4.6 | 9.6 | 3.5 | 4.8 | | 5.6 |
2
| 10-12/24
EUR million | Residential
Finland | Residential
CEE | Building
Construction | Infrastructure | Other Items | Group |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 103 | 127 | 184 | 116 | -9 | 521 |
| Revenue from external customers | 96 | 127 | 183 | 115 | — | 521 |
| Revenue Group internal | 7 | — | — | 1 | -9 | — |
| Depreciation, amortization and impairment | — | -1 | -1 | -1 | -2 | -6 |
| Operating profit | -12 | 25 | 2 | -7 | -25 | -17 |
| Operating profit margin, % | -12.1 | 19.7 | 1.3 | -6.4 | | -3.3 |
| Adjusting items | — | — | — | 13 | 17 | 31 |
| Adjusted operating profit | -12 | 25 | 2 | 6 | -7 | 13 |
| Adjusted operating profit margin, % | -12.1 | 19.7 | 1.3 | 5.1 | | 2.6 |
| 1-3/24
EUR million | Residential
Finland | Residential
CEE | Building
Construction | Infrastructure | Other Items | Group |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 118 | 51 | 169 | 85 | -11 | 412 |
| Revenue from external customers | 112 | 51 | 169 | 81 | — | 412 |
| Revenue Group internal | 7 | — | 1 | 4 | -11 | — |
| Depreciation, amortization and impairment | — | -1 | -1 | -2 | -2 | -5 |
| Operating profit | -7 | 2 | -11 | 11 | -4 | -8 |
| Operating profit margin, % | -5.6 | 4.2 | -6.5 | 13.4 | | -2.0 |
| Adjusting items | — | — | — | -11 | 5 | -6 |
| Adjusted operating profit | -7 | 2 | -11 | 1 | 1 | -14 |
| Adjusted operating profit margin, % | -5.6 | 4.2 | -6.5 | 0.7 | | -3.4 |
| 1-6/24
EUR million | Residential
Finland | Residential
CEE | Building
Construction | Infrastructure | Other Items | Group |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 218 | 96 | 375 | 179 | -21 | 846 |
| Revenue from external customers | 203 | 96 | 374 | 174 | — | 846 |
| Revenue Group internal | 14 | — | 1 | 5 | -21 | — |
| Depreciation, amortization and impairment | -1 | -1 | -1 | -3 | -16 | -22 |
| Operating profit | -13 | 4 | -6 | -5 | -32 | -51 |
| Operating profit margin, % | -5.8 | 4.1 | -1.5 | -2.6 | | -6.0 |
| Adjusting items | — | — | — | 11 | 32 | 43 |
| Adjusted operating profit | -13 | 4 | -6 | 6 | 1 | -7 |
| Adjusted operating profit margin, % | -5.8 | 4.1 | -1.5 | 3.6 | | -0.9 |
| 1-9/24
EUR million | Residential
Finland | Residential
CEE | Building
Construction | Infrastructure | Other Items | Group |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 324 | 177 | 550 | 277 | -29 | 1,299 |
| Revenue from external customers | 303 | 177 | 548 | 271 | — | 1,299 |
| Revenue Group internal | 21 | — | 1 | 6 | -28 | — |
| Depreciation, amortization and impairment | -1 | -2 | -2 | -4 | -18 | -27 |
| Operating profit | -8 | 12 | 0 | -5 | -36 | -37 |
| Operating profit margin, % | -2.4 | 6.6 | 0.1 | -1.9 | | -2.9 |
| Adjusting items | — | — | — | 16 | 39 | 56 |
| Adjusted operating profit | -8 | 12 | 0 | 11 | 3 | 18 |
| Adjusted operating profit margin, % | -2.4 | 6.6 | 0.1 | 4.0 | | 1.4 |
3
| 1-12/24
EUR million | Residential
Finland | Residential
CEE | Building
Construction | Infrastructure | Other Items | Group |
| --- | --- | --- | --- | --- | --- | --- |
| Revenue | 427 | 304 | 734 | 393 | -38 | 1,820 |
| Revenue from external customers | 399 | 304 | 732 | 385 | — | 1,820 |
| Revenue Group internal | 28 | — | 2 | 8 | -38 | — |
| Depreciation, amortization and impairment | -1 | -3 | -3 | -6 | -20 | -33 |
| Operating profit | -20 | 37 | 3 | -13 | -61 | -55 |
| Operating profit margin, % | -4.7 | 12.1 | 0.4 | -3.2 | | -3.0 |
| Adjusting items | — | — | — | 30 | 56 | 86 |
| Adjusted operating profit | -20 | 37 | 3 | 17 | -5 | 32 |
| Adjusted operating profit margin, % | -4.7 | 12.1 | 0.4 | 4.3 | | 1.7 |
Capital employed by segments
| EUR million | 3/24 | 6/24 | 9/24 | 12/24 |
|---|---|---|---|---|
| Residential Finland | 705 | 695 | 698 | 650 |
| Residential CEE | 362 | 377 | 366 | 343 |
| Building Construction | 258 | 257 | 256 | 245 |
| Infrastructure | 5 | -32 | -32 | -65 |
| Other items | 262 | 250 | 253 | 227 |
| Capital employed, total | 1,591 | 1,546 | 1,542 | 1,401 |
Return on capital employed % (ROCE), rolling 12 months
| 3/24 | 6/24 | 9/24 | 12/24 | |
|---|---|---|---|---|
| Residential Finland | -2.1 | -3.4 | -3.7 | -2.9 |
| Residential CEE | 9.8 | 10.7 | 11.8 | 10.1 |
Order book at the end of the period by segments
| EUR million | 3/24 | 6/24 | 9/24 | 12/24 |
|---|---|---|---|---|
| Residential Finland | 681 | 590 | 584 | 585 |
| Residential CEE | 436 | 421 | 345 | 451 |
| Building Construction | 1,251 | 1,165 | 1,077 | 1,026 |
| Infrastructure | 722 | 805 | 731 | 880 |
| Internal order book | — | — | — | — |
| Order book, total | 3,091 | 2,980 | 2,736 | 2,941 |
Together we can do it.
YIT Corporation
P.O. Box 36, Panuntie 11
FI-00621 Helsinki
Tel. +358 20 433 111
www.yitgroup.com