SRV Yhtiöt Oyj

SRV Group Plc announced that Kristiina Sotka, Senior Vice President of Human Resources and a member of the Corporate Executive Team, has resigned. She will leave the company by April 2025 to pursue a position elsewhere. Saku Sipola, the President and CEO of SRV, expressed gratitude for Sotka's contributions to the company, particularly in human resource management and change implementation. SRV Group, a Finnish construction industry developer listed on the Helsinki Stock Exchange, focuses on creating sustainable urban environments. In 2023, the company had a revenue of EUR 610 million and employed approximately 800 staff, with a network of about 3,300 partners.

SRV Group Plc's interim report for January to September 2024 highlights stable operative operating profit, while revenue and order backlog have grown. The company faces challenges due to higher interest rates and weak financing availability, impacting demand for housing and business premises. Revenue is largely derived from low-margin cooperative contracting, with minimal developer-contracted housing projects expected in 2024. Notable developments include the appointment of Liisa Krogerus as General Counsel and a strong customer satisfaction score. Despite market challenges, SRV's balance sheet remains strong, with a significant order backlog. The company aims for growth in projects with better profitability, though the market's slow recovery affects profitability improvements. SRV's strategy focuses on structural changes in its project portfolio to enhance profitability and market share as demand recovers.

SRV Group Plc has announced the appointment of Liisa Krogerus as the new Senior Vice President, General Counsel, and a member of the Corporate Executive Team, effective by January 2, 2025. Krogerus, who has a background in legal management and governance from her previous role at Purmo Group Plc, will replace Anu Tuomola, who is leaving SRV by the end of November 2024. SRV Group is a Finnish construction industry developer focused on sustainable urban environments, with a 2023 revenue of EUR 610 million and a workforce of approximately 800 employees.

SRV Group Plc has announced the composition of its Shareholders’ Nomination Board. The three largest shareholders have appointed members, with Ari Lehtoranta, the Chair of the Board of Directors, serving as the fourth member. Ilpo Kokkila has been appointed as the Chair of the Nomination Board, which is responsible for preparing annual proposals on the composition and remuneration of the Board of Directors for the Annual General Meeting. For more information, contact Anu Tuomola, Senior Vice President, General Counsel. SRV Group Plc, established in 1987 and listed on the Helsinki Stock Exchange, is a Finnish construction industry developer focused on sustainable urban environments. In 2023, the company had a revenue of EUR 610 million and employed approximately 800 staff, supported by a network of around 3,300 partners.

SRV Group Plc will release its Financial Statements Bulletin for 2024 on February 6, 2025, at 8:30 a.m., and its Annual Report for 2024 on March 4, 2025. The company will also publish three interim reports in 2025. The Annual General Meeting for 2025 is scheduled for March 27, 2025, at 4:00 p.m., with the Board of Directors summoning the meeting later. For more information, contact Miia Eloranta, Senior Vice President, Communications and Marketing. SRV Group Plc, established in 1987 and listed on the Helsinki Stock Exchange, focuses on sustainable urban development in Finland. In 2023, the company reported revenue of EUR 610 million and employed approximately 800 in-house staff, along with a network of around 3,300 partners.