Pressmeddelanden, rapporter och bolagsmeddelande för YIT Oyj

YIT Corporation's Q1 2024 financial results show a slight decrease in the order book to €3,091 million, with 74% sold, and a drop in revenue to €412 million. The adjusted operating profit was €-14 million, mainly due to a decrease in the fair value of Tripla Mall. Operating cash flow after investments significantly increased to €1 million, supported by a successful financing arrangement. Net interest-bearing debt decreased to €768 million, and gearing improved to 89%. The company's performance was impacted by the Finnish housing market and rising yields. The company's housing segment was affected by low consumer sales in Finland and fewer completions in the Baltic and CEE countries. However, the company noted strong housing sales in Central Eastern Europe and a clear pick-up in the Baltic countries.

YIT Corporation and Agrokoncernas Group have signed a EUR 53 million contract to build a modern cow farm complex in Lithuania's Radviliškis region. The complex, covering about 78,000 square meters, is set to be completed by September 2026. The project includes buildings, infrastructure facilities, and a biomethane power plant. The power plant will use manure as raw material for green energy production, with a capacity of 1.77 MW. The farm complex will also feature energy-saving air-water heat pumps and electric car charging stations for employees.