The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: It's Anssi from SEB. I have 3 questions, and I take them one by one. The first one is that you mentioned that the selling price of -- sorry, selling of
Russian business has been proceeding slower than anticipated. Could you give some more information what is the problem there? And sorry if I
missed this one if you mentioned that already.
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: Okay. And you don't have any difficulties to get the cash from Russia?
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 29, 2022 / 7:00AM, YIT.HE - Q1 2022 YIT Oyj Earnings Call
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: Okay. And the second one is about pricing. In what kind of situations you are able to use force majeure in your pricing if you have to increase selling
prices after the contract has signed or during construction? And like what are the options for the customer in this kind of situation?
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: Okay. Maybe the last one from me is that you already talked about this a bit, but what is the situation and availability with your material purchases
as your inventory value has decreased by 12% but order book increased by 7%? So is there anything to worry about? Or is this just something
seasonal and totally normal?
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: Okay. So you have been able to purchase materials normally.
Question: Svante Krokfors - Nordea Markets, Research Division - Analyst
: Svante Krokfors from Nordea. Anssi actually asked a couple of questions, but perhaps that I had. But perhaps if I continue on the delays in the
Russian [dispersion]. Is the deal conditional on something? Or is it only kind of the approval process that is delaying it?
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 29, 2022 / 7:00AM, YIT.HE - Q1 2022 YIT Oyj Earnings Call
Question: Svante Krokfors - Nordea Markets, Research Division - Analyst
: Okay. And then on -- I mean Housing division was stronger than even you expected, and you mentioned the mix as one. Was there any particular
projects that impacted the margin positively in Q1?
Question: Svante Krokfors - Nordea Markets, Research Division - Analyst
: Okay. Can you explain a bit about -- I guess you have a better availability than your competitors. Could you explain a bit why that is apart from that
you are probably the biggest buyer?
Question: Svante Krokfors - Nordea Markets, Research Division - Analyst
: Okay. And you elaborated on the contract structures that have been adopted. Will -- have you permanently kind of changed the way the contract
structure is looking in projects now during the last, say, 18 months given the current situation? And I mean does the contracts look very different
now compared to -- before this situation? And will -- would this be a permanent change that the customers accept those?
Question: Svante Krokfors - Nordea Markets, Research Division - Analyst
: Okay. And regarding workforce availability and subcontracting availability, have you seen any bottlenecks there? And how do you look at wage
inflation?
Question: Svante Krokfors - Nordea Markets, Research Division - Analyst
: And you have earlier warned that current situation with high input costs could affect demand. Have you seen much postponements or cancellations
of projects in the market because of that reason?
Question: Svante Krokfors - Nordea Markets, Research Division - Analyst
: Okay. And the last question regarding Property Development, and you moved the wind park development into that. Is there a lot of promising
projects? And what is your practice of informing the market about the developments there?
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: One more from me. Just asking that you mentioned in your report that you have reached an agreement with the hospital district of Southwest
Finland, and you also mentioned that this agreement became final in April of this year. And the initial claim was EUR 20 million, but I guess you
won't be commenting this agreement, but still thinking if there are some one-offs we should be expecting in Q2 report. Can you comment anything
about this?
| 
