Pressmeddelanden, rapporter och bolagsmeddelande för SRV Yhtiöt Oyj

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.

SRV Group Plc released its half-year financial report for January to June 2024, highlighting an increase in operative operating profit driven by strong revenue growth and a robust order backlog. Despite low demand among consumers and investors, SRV's revenue rose by around 30% year-on-year, and the order backlog increased by 8% to EUR 1,067 million. The company faces challenges such as high interest rates and weaker financing availability, which impact demand for housing and business premises. SRV's revenue for 2024 is expected to come mainly from low-margin cooperative contracting, with minimal contribution from developer-contracted housing projects. Significant events include lawsuits filed against SRV Construction Ltd related to a 2020 apartment building fire, with claims totaling around 8 million euros. SRV disputes these claims, citing strong legal grounds for rejection. CEO Saku Sipola noted the challenging market environment but expressed optimism about future demand due to declining interest rates, population growth in major cities, and reduced construction costs. SRV's operational business, financial health, and project controllability remain strong, with recognition for occupational safety efforts. SRV's strategy focuses on lifecycle wisdom, emphasizing sustainable construction. The completion of WithSecure’s headquarters in Wood City, Helsinki, exemplifies this approach. The company is prepared for market recovery and aims to pursue growth through developer-contracted and development projects when conditions improve. A briefing for analysts, investors, and media representatives will be held via webcast on 18 July 2024. Further information can be obtained from SRV's key executives. SRV is a Finnish construction industry developer listed on the Helsinki Stock Exchange, operating primarily in Finland's growth centers.