YIT Oyj Q1 2025 Earnings Call Transcript

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

Question: Anssi Raussi - SEB - Analyst : Thank you and hi all and thank you for the presentation. I have a few questions, and I go one by one. So, first about your number of sold apartments in Finland, the number declined a bit in one, but was there anything specific reason or changes in rents, or was it just quarterly variation there?

Question: Anssi Raussi - SEB - Analyst : Okay, that's clear. And continuing on a residential side. So, you have done a lot of efficiency measures and taken actions. So, what kind of lead times? You have currently in Finland and in CEE, so how fast can you react if demand improves rapidly?

Question: Anssi Raussi - SEB - Analyst : Thanks, that's great to hear. And maybe the last one from me for now. So, we have had a lot of public discussions regarding data centres lately. So, have you seen any changes in investment plans or is everything progressing as initially planned with your customers?

Question: Anssi Raussi - SEB - Analyst : Yes, thank you. I'll get back.

Question: Anssi Raussi - SEB - Analyst : Yeah, I understand. Thank you.

Question: Svante Krokfors - Nordea - Analyst : Good morning. Thank you, Heikki, Tuomas and Essi as you for the presentation. I have a couple of questions. First one regarding, residential Finland and, the clear improvement in earnings despite of lower sales so could you elaborate a bit on the positive sales mix that you explained and also how much was it impacted by. Let's say more staying, improvement like cost control.

Question: Svante Krokfors - Nordea - Analyst : Okay, thank you. That is, helpful then on discount consumer apartment discounts in Finland, any changes there during quarter one.

Question: Svante Krokfors - Nordea - Analyst : Very clear thank you and then regarding the investor apartments in Finland, have you seen any changes in or like the end of the tunnel there?

Question: Svante Krokfors - Nordea - Analyst : Thank you and the last one I don't know if you would like to comment the governmental decisions published last week. I mean there's a number of ones that that could be argued to be to be supportive for you. 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, 2025 / 7:00AM, YIT.HE - Q1 2025 YIT Oyj Earnings Call

Question: Svante Krokfors - Nordea - Analyst : Okay, thank you. That is all for me.

Question: Anssi Raussi - SEB - Analyst : Yes, thanks. One follows up actually on one this question, so if we think about your residential inventory of this, unsold completed apartments, how should we think about the earnings capacity and the marching potential in this inventory? So is it more like that the last ones are maybe those which are a bit more difficult to sell, or is it so that, once the supply decreases, it's easier to take down discount campaigns if you can help us with this one. Thanks,

Question: Anssi Raussi - SEB - Analyst : Yes, that's helpful. Thank you.

Question: Emil Immonen - Carnegie - Analyst : Hi, Heikki and Tuomas. Thanks for taking my questions. I wanted to ask on the profitability improvement across the segment and the project margin net deviation, there's clearly been good progress here. How confident are you that you can continue with this good progress when, construction volumes increase?

Question: Emil Immonen - Carnegie - Analyst : On a follow up on that, would you say that you're now more prepared or so for a market where construction or material costs in general, for example, rights unexpectedly that you're more resilient to changes in the market.

Question: Emil Immonen - Carnegie - Analyst : But then does that also mean that we could assume that kind of the profitability improvements we're seeing in in building construction and infra quarter one, of course, it's a small part of the year, but still, there's clear improvement year on year in both those segments. So that kind of improvement track should also continue going forward.

Question: Emil Immonen - Carnegie - Analyst : Great, thank you. Last question maybe on the housing or residential segments in general, given the really low completions you're going to have in quarter two, quarter three, is that going to reflect then on cash flows from those segments as well, and their ability to be profitable?

Question: Emil Immonen - Carnegie - Analyst : And how on the profitability is that expected that to reflect negatively meaning that on profits this year is going to be very heavily back and loaded to quarter four.

Question: Emil Immonen - Carnegie - Analyst : Okay, thanks for the clarification.