YIT Oyj Q2 2023 Earnings Call Transcript - Thomson StreetEvents

YIT Oyj Q2 2023 Earnings Call Transcript

YIT Oyj Q2 2023 Earnings Call Transcript - Thomson StreetEvents
YIT Oyj Q2 2023 Earnings Call Transcript
Published Aug 01, 2023
10 pages (5430 words) — Published Aug 01, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of YIT.HE earnings conference call or presentation 1-Aug-23 7:00am GMT

  
Brief Excerpt:

...Samu Heikkila Good morning, and welcome to YIT's Q2 and Half Year 2023 Results Audiocast. My name is Samu Heikkila, and I'm YIT's Investor Relations Manager. The results and highlights of YIT's second quarter will be presented by our CEO, Heikki Vuorenmaa; and our CFO, Tuomas Makipeska. After the presentation, we will be taking questions from the conference call line. At this point, I would like to hand over to our CEO, Heikki. Please go ahead. Heikki Vuorenmaa ...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Yit Oyj
Ticker
YIT.HE
Time
7:00am GMT
Format:
PDF Adobe Acrobat
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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: Svante Krokfors - Nordea Markets, Research Division - Analyst : First question regarding your cash flow, which improved EUR 146 million year-on-year. Obviously, there's a number of items there, the plot sale, JV sale, internal improvements. Could you elaborate a bit on the composition there? How much, for example, cash flow from the plot sale?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : Second question regarding the JV sale of 190 apartments that you have had. So should we assume a 0 margin on that or are we in negative territory? And a follow-up on that, do you believe you can dispose any apartments to other investors than your own JVs? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 01, 2023 / 7:00AM, YIT.HE - Q2 2023 YIT Oyj Earnings Call

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : And then on consumer apartment sales. What kind of negotiated discounts are you giving a consumer? Has there been a change in your approach to that?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : A couple left still. You used EUR 45 million of your RCF. Do you have any comments on this?

Question: Svante Krokfors - Nordea Markets, Research Division - Analyst : And then the final one regarding your off-balance sheet debt situation. Is that something you want to comment regarding the JVs and Mall of Tripla where, I guess, there is the biggest part of balance sheet debt?

Question: Mika Karppinen - Danske Bank A/S, Research Division - Analyst : You have been selling during the last 2 quarters these housing apartments to your own rental housing JVs. Do you still have a financing room in these JVs to buy even more in the coming quarters if needed? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 01, 2023 / 7:00AM, YIT.HE - Q2 2023 YIT Oyj Earnings Call

Table Of Contents

YIT Oyj Q4 2024 Earnings Call Transcript – 2025-02-07 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 7-Feb-25 8:00am GMT

YIT Oyj Q3 2024 Earnings Call Transcript – 2024-10-31 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 31-Oct-24 10:59am GMT

YIT Oyj Q2 2024 Earnings Call Transcript – 2024-07-26 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 26-Jul-24 7:00am GMT

YIT Oyj Q3 2023 Earnings Call Transcript – 2023-11-01 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 1-Nov-23 8:00am GMT

YIT Oyj Q3 2023 Silent Call Transcript – 2023-09-29 – US$ 54.00 – Edited Transcript of YIT.HE conference call or presentation 29-Sep-23 10:59am GMT

YIT Oyj Q1 2023 Earnings Call Transcript – 2023-05-03 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 3-May-23 7:00am GMT

YIT Oyj To Host Silent Call for Analyst Transcript – 2023-03-31 – US$ 54.00 – Edited Transcript of YIT.HE conference call or presentation 31-Mar-23 10:59am GMT

YIT Oyj Q4 2022 Earnings Call Extra Session Transcript – 2023-02-13 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 13-Feb-23 10:59am GMT

YIT Oyj Q4 2022 Earnings Call Transcript – 2023-02-10 – US$ 54.00 – Edited Transcript of YIT.HE earnings conference call or presentation 10-Feb-23 8:00am GMT

YIT Oyj Q4 Silent Call Transcript – 2022-12-20 – US$ 54.00 – Edited Transcript of YIT.HE conference call or presentation 20-Dec-22 10:59am GMT

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MLA:
Thomson StreetEvents. "YIT Oyj Q2 2023 Earnings Call Transcript" Aug 01, 2023. Alacra Store. May 13, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-YIT-Oyj-Earnings-Call-T15668875>
  
APA:
Thomson StreetEvents. (2023). YIT Oyj Q2 2023 Earnings Call Transcript Aug 01, 2023. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-YIT-Oyj-Earnings-Call-T15668875>
  
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