YIT Oyj (STU:YIT)
€ 2.51 0.024 (0.97%) Market Cap: 583.35 Mil Enterprise Value: 1.43 Bil PE Ratio: 506.00 PB Ratio: 0.67 GF Score: 24/100

Q1 2019 Yit Oyj Earnings Call Transcript

Apr 26, 2019 / 10:00AM GMT
Release Date Price: €5.4 (+0.93%)
Operator

Good afternoon, dear all. Welcome to YIT's Q1 2019 results info, webcast and conference call.

The agenda is traditional. We have presentation by our CEO and President, Kari Kauniskangas; and CFO, Ilkka Salonen. And the questions are after that first from the audience here in Käpylä and then from the conference call line.

All the material can be found online on our webpages, and we still have some pro forma figures here. So comparison period is pro forma since YIT and Lemminkäinen merged last year, 1st of February.

But without further ado, Kari, the stage is yours.

Kari Kauniskangas
YIT Oyj - Chairman of Management Board, CEO, President & Head of the Housing Segment

Good afternoon, also, on my behalf. I can continue reporting broadly improving results compared to previous year.

YIT's adjusted operating profit in Q1 was better than estimated, mainly due to 3 reasons: In Paving, great result improvement was due to lower-than-expected winter planning costs. Secondly in Russia, we were able to hand over 2 projects ahead

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot