Yit Oyj · OMXHEX:YIT
Yit Oyj — Q3 2026 Earnings Presentation
36 slides from Yit Oyj's earnings presentation, Oct 30, 2026
Slide 1: Q3/2026 Interim Report January – September 2026
Q3/2026 Interim Report January – September 2026 Heikki Vuorenmaa, President and CEO Erkka Repo, CFO
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by, and the information contained herein (unless otherwise indicated) has been provided by YIT Corporation (the “Company”). By attending the meeting or event where this presentation is made, or by reading the presentation slides, you agree to be bound b
Slide 3: Q3/2026 in brief
—— — Q3/2026 in brief
Slide 4: Revenue, profitability and order book increased in Q3
Revenue, profitability and order book increased in Q3 Group revenue increased by Adjusted operating profit Order book for the contracting 14%, driven by strong Ongoing actions to Cash flow improvements increased by 26% to EUR 30 segments strengthened contracting growth and improve million, capital s
Slide 5: Financial performance in Q3/2026
Financial performance in Q3/2026 YIT Group, EUR million • Residential Finland impacted by lower investor demand • Solid quarter from Residential CEE with increased Adj. operating profit Revenue Adj. OP, % revenue 30 (24) 530 (466) 5.7 (5.1) • Building Construction recorded over 30% growth with solid
Slide 6: Residential Finland: Consumer sales the main driver for the segment
Residential Finland: Consumer sales the main driver for the segment Revenue, Target: Adjusted operating profit, Operative capital employed, EUR million Increase market share EUR million EUR million Margin target ROCE >10% target >20% Revenue has been impacted by a Low volumes have impacted Includes
Slide 7: Consumer apartment starts and sales in Residential Finland
Consumer apartment starts and sales in Residential Finland Consumer apartments in Residential Finland, Consumer apartments in Residential Finland, quarterly, units rolling 12 months, units 800 224 600 152 131 119 116 400 97 90 64 200 43 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 20
Slide 8: Apartment production in Residential Finland
Apartment production in Residential Finland Apartments under construction in Residential Finland, units • Total number of apartments under 1,400 100% construction decreased to 514 (at the end 1,200 of Q2/26: 602). 80% 978 1,000 • There were 87 consumer apartment and 876 837 820 44 investor apartment
Slide 9: Residential CEE: Growth continues with solid profitability
Residential CEE: Growth continues with solid profitability Revenue, Target: >15% growth Adjusted operating profit, Operative capital employed, EUR million (CAGR from 2024 baseline) EUR million EUR million ROCE target >25% Margin target >15% Revenue increased 9% from the Adjusted operating profit inc
Slide 10: Apartment starts and sales in Residential CEE
Apartment starts and sales in Residential CEE Apartments in Residential CEE, Apartments in Residential CEE, quarterly, units rolling 12 months, units 3,000 783 2,500 2,000 575 511 472 1,500 429 406 390 355 1,000 290 148 500 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 2024 2025 2026 St
Slide 11: Apartment production in Residential CEE
Apartment production in Residential CEE Apartments under construction in Residential CEE, units • Total number of apartments under 4,000 3,720 100% construction at the end of Q3/26 was 3,419 3,258 3,419 (at the end of Q2/26: 3,720). 3,024 3,057 3,039 3,000 75% • There were 447 apartment completions
Slide 12: Building Construction: Revenue and profitability increased
Building Construction: Revenue and profitability increased Revenue, Target: >6% growth Adjusted operating profit, Operative capital employed, EUR million (CAGR from 2024 baseline) EUR million EUR million Margin Target: target Negative >6% Revenue increased by over 30% from Profitability continues on
Slide 13: Infrastructure: Growth continues
Infrastructure: Growth continues Revenue, Target: >15% growth Adjusted operating profit, Operative capital employed, EUR million (CAGR from 2024 baseline) EUR million EUR million Target: Negative Margin target >6% Revenue increased by 23%, marking a Profitability has remained stable. Operative capit
Slide 14: Contracting segments' order books strengthened significantly
Contracting segments' order books strengthened significantly with new orders totaling more than EUR 900 million Order books, Main orders announced and recorded to EUR million, IFRS order books during Q3/2026 1,352 • Design and construction of a new data center to atNorth in 1,115 Kouvola, valued at
Slide 15: Data center business continues to grow
Data center business continues to grow Data center business revenue, rolling 12 months, EUR million 251 • Revenue from data centers is growing and amounted to EUR 251 million during 201 the past 12 months. • Data centers represented 19% of the 141 contracting segments' combined revenue during the pa
Slide 16: Market environment in Q3/2026
Market environment in Q3/2026 The residential market in Building Residential construction Infrastructure Central Eastern Europe, market market market remains solid; Finland In Finland, the primary Baltic countries Central Eastern Europe apartment market sales volumes are not expected to Q3 market en
Slide 17: Financial development
Financial development 17
Slide 18: Financial development in Q3/2026
Financial development in Q3/2026 Operating cash flow Gearing* at after investments* was 90% EUR 19 million (Q3/25: 85%) (Q3/25: 0) (Q2/26: 91%) Net debt* at ROCE, rolling 12 months at EUR 604 million (Q3/25: 669) 6.7% (Q2/26: 618) (Q3/25: 5.7%) (Q2/26: 6.1%) 18 *IFRS
Slide 19: Return on capital employed improved
Return on capital employed improved Operative capital employed, ROCE %, YIT Group, EUR million YIT Group, rolling 12 months Target >15% EUR million Residential Finland Residential CEE Building Construction Infrastructure ’Other’ segment operative capital employed EUR 241 million in Q3/26 (in Q2/26:
Slide 20: Rolling 12 months operating cash flow after investments over EUR 100 million positive
Rolling 12 months operating cash flow after investments over EUR 100 million positive Operating cash flow after investments, EUR million, IFRS • Operating cash flow after investments was EUR 19 million (0) in Q3. • 12 months rolling operating cash flow after investments EUR 137 million positive at t
Slide 21: Net interest-bearing debt decreased
Net interest-bearing debt decreased Net interest-bearing debt, EUR million, IFRS • Net debt decreased to EUR 604 million (669). • Gearing increased to 90% (85%), impacted by the redemption of the 2021 issued outstanding hybrid bond of EUR 46 million in Q1/26. • Adjusted net debt decreased to EUR 232
Slide 22: Balance sheet remains asset rich
Balance sheet remains asset rich Assets and net debt breakdown, EUR million, at the end of Q3/26, IFRS Enables the construction of ~15,000 apts. in Tripla valued Finland and ~14,000 apts. in CEE at 93 million Main assets 1,494 Maturity structure of Owned plots Leased plots Production Completed Inves
Slide 23: Revised guidance: EUR 80–90 million
• The residential market in the Baltic countries and Central Eastern Revised guidance: Europe is expected to continue favorable, contributing positively to Residential CEE segment's capability to generate profit. YIT expects its Group • In Finland, the primary apartment market sales volumes are not
Slide 24: Strategy progress update
Strategy progress update 24
Slide 25: Progress towards the strategic targets
Progress towards the strategic targets Revenue, Adjusted operating profit margin %, ROCE %, EUR million rolling 12 months rolling 12 months The increasing trend in Group revenue Growing share of data center construction ROCE improvement has been supported reflects growth across multiple businesses.
Slide 26: Finland's data center pipeline represents a significant long-term investment opportunity
Finland's announced and potential data center pipeline represents a very significant long-term investment opportunity Growth of Finnish datacenter capacity 1 MW, cumulative, 2025 – 2029E Expected additional capacity under planning and evaluation Expected additional capacity based on final investment
Slide 27: Finland's data center pipeline supports an estimated €13-15bn of construction investments
Finland's data center pipeline supports an estimated €13-15bn of construction investments through 2029 Direct employment impact Construction phase Operations phase ~25k ~7k construction FTEs p.a. permanent FTEs p.a. 2 Projected Construction investment 1 Cumulative 2026-2029 €13-15bn Regional / local
Slide 28: YIT has a strong position in the data center market with ~30% market share
YIT has already established a strong position in the data center market with ~30% market share Estimated current data center market share YIT is building capacity for the next phase of growth Capacity under construction by MW, YIT estimate 1,2 YIT’s target state Competitor 9 Competitor 9 Growing cap
Slide 29: Data centers offer strong growth in all scenarios
Data centers offer strong growth in all scenarios, reaching €1.0bn revenue in the base case by 2029 YIT data center revenue scenarios 2029 Low case Base case High case ~€0.7bn ~€1.0bn ~€1.3bn 2029 revenue 2029 revenue 2029 revenue Slower power & grid expansion Expected power availability Faster than
Slide 30: Updated financial targets
Updated financial targets Growth Operative performance Capital efficiency ≥10% ≥7% ≥15% Net sales CAGR Adjusted EBIT margin ROCE Previous target ≥5% Building Segment targets Residential Finland Residential CEE Construction Infrastructure ≥6% CAGR ≥15% CAGR Growth Increase market share ≥15% CAGR prev
Slide 31: Additional information
Additional information YIT Investor Relations [email protected] Essi Nikitin Arttu Hakala-Ranta VP, Investor Relations Investor Relations Manager +358 50 581 1455 +358 40 076 1775 [email protected] [email protected] YIT’s Financial Statements Bulletin 2026 will be published on Frida
Slide 32: Appendices
Appendices I. Key figures, segment reporting II. Key figures, IFRS III. Apartment sales 32
Slide 33: I. Key figures, segment reporting
I. Key figures, segment reporting EUR million 7–9/26 7–9/25 1–9/26 1–9/25 1–12/25 Revenue 530 466 1,400 1,313 1,803 Adjusted operating profit 30 24 60 52 58 Adjusted operating profit margin, % 5.7 5.1 4.3 3.9 3.2 Operating profit 9 25 4 50 54 Result for the period -6 2 -51 -5 -17 Earnings per share,
Slide 34: II. Key figures, IFRS
II. Key figures, IFRS EUR million 7–9/26 7–9/25 1–9/26 1–9/25 1–12/25 Revenue 533 402 1,333 1,200 1,757 Operating profit 12 9 -13 22 45 Result for the period -4 -10 -65 -28 -24 Earnings per share, EUR -0.03 -0.05 -0.31 -0.14 -0.14 Operating cash flow after investments 19 0 26 -38 73 Net interest-bea
Slide 35: III. Apartment sales
III. Apartment sales Sold apartment units, Residential Finland Sold apartment units, Residential CEE 580 575 555 511 472 449 424 429 406 275 389 347 324 321 276 282 206 256 195 235 238 245 134 100 105 154 152 131 174 108 116 154 152 97 90 122 135 126 133 131 118 108 116 97 90 Q3/23 Q4/23 Q1/24 Q2/24
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