CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Finland's YIT Corp beats Q3 revenue estimates, narrows 2026 adjusted operating profit guidance 

By Reuters News


Overview

  • Finland construction group's Q3 revenue rose 14% yr/yr, beating analyst expectations

  • Adjusted EBIT for Q3 increased and beat analyst expectations

  • Company narrowed 2026 adjusted operating profit guidance to EUR 80-90 mln


Outlook

  • YIT narrows 2026 adj operating profit guidance to EUR 80-90 mln from EUR 70-100 mln

  • Company expects favorable residential market in Baltic and CEE to support Residential CEE profit

  • YIT does not expect Finnish primary apartment market sales volumes to increase in 2026


Result Drivers

  • CONTRACTING SEGMENT GROWTH - Co said strong growth in Infrastructure and Building Construction segments drove revenue and profitability increases

  • DATA CENTER BUSINESS - Co said fastest-growing business is data center construction, with new orders supporting order book and profitability

  • FAIR VALUE CHANGES - Co said operating profit was negatively impacted by EUR -19 mln change in fair value of Tripla Mall Ky


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

EUR 530 mln

EUR 505.50 mln (4 Analysts)

Q3 Net Loss

EUR 6 mln

Q3 Adjusted EBIT

Beat

EUR 30 mln

EUR 27.75 mln (4 Analysts)

Q3 Adjusted EBIT Margin

5.70%

Q3 EBIT

EUR 9 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the construction & engineering peer group is "buy"

  • Wall Street's median 12-month price target for YIT Oyj is €4.40, about 10% above its October 29 closing price of €4.00

  • The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 28 three months ago


Reuters Recommended Reads

  • Oct 29 - Ireland's CRH Q3 revenue slightly misses on cost inflation

  • Oct 28 - Netherlands' Arcadis Q3 net revenue up on energy segment growth

  • Oct 29 - Finland launches criminal probe into land clearance for Google data centre


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.