Yit Oyj Q1 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : It's Anssi from SEB. So I have four of them. I will take them one by one, if that's okay. First of all, starting with the Housing business and housing starts. I mean you highlighted that in Finland, you ramped up housing starts for consumers. But what are your ambitions for this year? It seems to be a very hot market. So should we expect a continuous increases in the housing starts and thus, for the Housing business overall? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 30, 2021 / 7:00AM, YIT.HE - Q1 2021 Yit Oyj Earnings Call

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : Okay. Is the availability of plots an issue when thinking about scaling up the Housing business currently? Or do you have a pretty big plot inventory? So how should we look at that situation?

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : Okay. Then on Housing business margins, in Q1, they were quite strong as a matter of fact. How do you look at the situation going forward? I mean everywhere we are looking, we are seeing inflation, also in the building materials. So are you able to kind of manage the inflation development? And what actions have you been taking to basically safeguard the margins that are currently pretty high level?

Question: Anssi Kiviniemi - SEB, Research Division - Analyst : Okay. That's very clear. Then a question on Infrastructure. You are currently starting to look at the strategy of the division. How should we read this announcement? Does it mean that you will mainly play around with focus areas, thus kind of centralizing your efforts in the areas you are really strong? Or should we think this also that you might get rid of some business, some geographies or even the whole business itself for kind of -- what's the read on here?

Question: Pauli Lohi - Nordea Markets, Research Division - Analyst : I have two of them. I would like to ask first about the institutional housing demand. And I see that your start-ups for institutions in Finland, they are relatively low level in Q1. But then in the market outlook, you are saying that you will see stable demand from institutions. Should this mean that your start-ups are going to improve, then in the following quarters and the full year, start-up health will stay at last year's level? Or how should be read this?

Question: Pauli Lohi - Nordea Markets, Research Division - Analyst : Okay. And then about the Infrastructure segment, how much cost overruns you saw in Q1? And do you expect the magnitude to increase or decrease going to Q2?