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