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
: I have a couple of them, so I will take them one by one, if that's okay. Kicking off with Russia, of course, looking at the interest rates and mortgage
rates, there has been a support, but has there been any other significant factors that really boosted your Housing sales in Q3? That's the first one.
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OCTOBER 30, 2020 / 8:00AM, YIT.HE - Q3 2020 Yit Oyj Earnings Call
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: Okay. And you expect this kind of market continue at least for the next 8 to 9 months? Or how should we read the situation in Russia?
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: Okay. Then on Tripla and the bookings, kind of what is the risk on further issues and further bookings? And could you elaborate a bit on the potential
risk on the potential settlements that there might be as there are still some issues on the table, right?
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: Okay. And now that you have analyzed the reasons behind the cost overruns and issues in Tripla, what were the clear reasons or most important
reasons? And kind of what have you done now to prevent that happening again? And what do you do differently from now on?
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: And you, in Q2, highlighted, I think that all of the separate projects in Tripla were profitable. What's the situation now after the Q3 bookings?
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OCTOBER 30, 2020 / 8:00AM, YIT.HE - Q3 2020 Yit Oyj Earnings Call
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: Great. Then on Housing side, the completions in Housing Finland and CEE. You now indicate declining the completions. Probably, this means that
the result in the division will decline. But how is the mix looking? Is there, for example, more houses to be completed in the Helsinki region, I mean,
the mix will be good or -- how should we look at that when we enter into 2021?
Question: Anssi Kiviniemi - SEB, Research Division - Analyst
: Okay. Then perhaps the last question is on cash flow in Q4. A lot of completions usually means a good release from the working capital side. Should
we expect a similar release compared to last year in Q4, I think it was roughly EUR 140 million? Or how should we think about the Q4 cash flow?
Question: Olli Koponen - Inderes Oy - Analyst
: Yes. It's Olli from Inderes. I have a couple of questions left. First on the Housing Finland and CEE, just on the geographical mix going forward. Do
you expect it to improve in Q4? And should we like expect material pickup in the medium prices and margins in Q4?
Question: Olli Koponen - Inderes Oy - Analyst
: Okay. Also, start-ups have been quite low during the year. Are you planning on increases start-up during the quarter? Or is this the level you are
targeting going forward?
Question: Olli Koponen - Inderes Oy - Analyst
: Okay. Then on the Business premises side, if I remember correctly, you previously have said that the revenue should have bottomed in Q2 this year.
And now the revenue was down compared to Q2. Do you have any specific reasons for this? Or has the corona been affecting the situation here?
Question: Olli Koponen - Inderes Oy - Analyst
: Okay. Then on the infra project side, in the report, you said that the demand is weakening in Finland. Can you clarify at this point on -- is it mainly
about the projects being in the planning phase? Or is the demand really slowing down here?
Question: Olli Koponen - Inderes Oy - Analyst
: Okay. And continuing on the infra project side on the margins, the margins were stable during the quarter. Is this the level we are supposed to
expect from this segment going forward? Or do you see material improvements looking forward?
Question: Olli Koponen - Inderes Oy - Analyst
: Do you expect much better margins after you have finalized your Norway write-off?
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