YIT’s comparable figures for 2014 in accordance with the new segment structure

STOCK EXCHANGE RELEASE                   MARCH 27, 2015 AT 3:30 P.M.

   

YIT’s comparable figures for 2014 in accordance with the new segment structure

As of January 1, 2015, YIT has three reporting segments instead of the former two segments. The former Housing segment was split into 1) Housing Finland and CEE and 2) Housing Russia. The new segments correspond to the former Housing Finland, the Baltic Countries and Central Eastern Europe and Housing Russia business areas. Business Premises and Infrastructure segment remains unchanged. Reporting under the new segment structure will begin from the January–March 2015 interim report, which will be published on April 28, 2015.

YIT’s comparable figures for 2014 according to the new segment structure based on segment reporting (POC) are presented below. The figures are presented in million euros doing the rounding on each line, which may cause some rounding inaccuracies in column and total sums. The comparable segment figures are unaudited.

 

Revenue                
EUR million 1-3/14 4-6/14 7-9/14 10-12/14 1-3/14 1-6/14 1-9/14 1-12/14
Housing Finland and CEE 172.9 187.0 177.4 189.2 172.9 359.9 537.2 726.5
Housing Russia 108.5 116.8 119.0 129.7 108.5 225.4 344.4 474.1
Business Premises and Infrastructure 121.1 147.0 188.8 142.4 121.1 268.1 456.9 599.3
Other items 0.6 0.6 0.5 -0.4 0.6 1.2 1.7 1.4
Group, total (POC) 403.1 451.4 485.7 461.0 403.1 854.5 1,340.2 1,801.2
IFRS adjustment 0.0 -97.7 6.8 68.3 0.0 -97.7 -90.9 -22.6
Group, total (IFRS) 403.2 353.7 492.4 529.3 403.2 756.9 1,249.3 1,778.6

 

Operating profit                
EUR million 1-3/14 4-6/14 7-9/14 10-12/2014 1-3/14 1-6/14 1-9/14 1-12/14
Housing Finland and CEE 16.8 16.2 13.3 11.3 16.8 32.9 46.3 57.6
Housing Russia 12.2 13.8 11.7 12.1 12.2 25.9 37.7 49.8
Business Premises and Infrastructure 0.2 6.9 10.3 2.8 0.2 7.1 17.3 20.1
Other items -2.3 -2.1 -1.8 -7.2 -2.3 -4.4 -6.3 -13.5
Group, total (POC) 26.9 34.7 33.5 19.0 26.9 61.5 95.1 114.0
IFRS adjustment -3.7 -26.3 -5.4 16.3 -3.7 -30.0 -35.4 -19.2
Group, total (IFRS) 23.2 8.3 28.1 35.2 23.2 31.5 59.6 94.8

 

Operating profit margin                
% 1-3/14 4-6/14 7-9/14 10-12/14 1-3/14 1-6/14 1-9/14 1-12/14
Housing Finland and CEE 9.7% 8.6% 7.5% 6.0% 9.7% 9.2% 8.6% 7.9%
Housing Russia 11.2% 11.8% 9.9% 9.3% 11.2% 11.5% 10.9% 10.5%
Business Premises and Infrastructure 0.2% 4.7% 5.4% 1.9% 0.2% 2.6% 3.8% 3.4%
Group, total (POC) 6.7% 7.7% 6.9% 4.1% 6.7% 7.2% 7.1% 6.3%
Group, total (IFRS) 5.8% 2.4% 5.7% 6.7% 5.8% 4.2% 4.8% 5.3%

 

 

 

Operating profit excluding non-recurring items              
EUR million 1-3/14 4-6/14 7-9/14 10-12/14 1-3/14 1-6/14 1-9/14 1-12/14
Housing Finland and CEE 16.8 16.2 13.3 17.5 16.8 32.9 46.3 63.7
Housing Russia 12.2 13.8 11.7 18.1 12.2 25.9 37.7 55.8
Business Premises and Infrastructure 0.2 6.9 10.3 3.0 0.2 7.1 17.3 20.4
Other items -2.3 -2.1 -1.8 -7.2 -2.3 -4.4 -6.3 -13.5
Group, total (POC) 26.9 34.7 33.5 31.4 26.9 61.5 95.1 126.4
IFRS adjustment -3.7 -26.3 -5.4 16.3 -3.7 -30.0 -35.4 -19.2
Group, total (IFRS) 23.2 8.3 28.1 47.6 23.2 31.5 59.6 107.3

 

October-December 2014 operating profit includes non-recurring costs related to restructuring measures and write-downs of assets under the capital release program as follows: Housing Finland and CEE EUR 6.1 million, Housing Russia EUR 6.0 million, Business Premises and Infrastructure EUR 0.2 million.

 

Operating profit margin excluding non-recurring items              
% 1-3/14 4-6/14 7-9/14 10-12/14 1-3/14 1-6/14 1-9/14 1-12/14
Housing Finland and CEE 9.7% 8.6% 7.5% 9.2% 9.7% 9.2% 8.6% 8.8%
Housing Russia 11.2% 11.8% 9.9% 14.0% 11.2% 11.5% 10.9% 11.8%
Business Premises and Infrastructure 0.2% 4.7% 5.4% 2.1% 0.2% 2.6% 3.8% 3.4%
Group, total (POC) 6.7% 7.7% 6.9% 6.8% 6.7% 7.2% 7.1% 7.0%
Group, total (IFRS) 5.8% 2.4% 5.7% 9.0% 5.8% 4.2% 4.8% 6.0%

 

Order backlog        
EUR million 3/14 6/14 9/14 12/14
Housing Finland and CEE 956.7 953.2 929.8 798.5
Housing Russia 1,070.6 1,218.8 1,103.8 653.5
Business Premises and Infrastructure 669.4 751.9 702.3 673.9
Other items 2,696.7 2,923.9 2,736.0 2,125.9
Group, total (POC) 449.7 556.5 542.6 381.1
IFRS adjustment 3,146.4 3,480.3 3,278.5 2,507.1

 

Personnel        
At the end of the period 3/14 6/14 9/14 12/14
Housing Finland and CEE 1,857 2,017 1,839 1,783
Housing Russia 2,001 1,987 2,009 1,980
Business Premises and Infrastructure 1,905 2,022 1,877 1,814
Group services 313 332 307 304
Group, total 6,076 6,358 6,032 5,881

 

 

Assets        
EUR million       12/14
Housing Finland and CEE       796.6
Housing Russia       487.9
Business Premises and Infrastructure       376.0
Other segments and eliminations       58.2
Unallocated items       249.5
Group, total (POC)       1,968.3
         
Liabilities        
EUR million       12/14
Housing Finland and CEE       216.8
Housing Russia       109.8
Business Premises and Infrastructure       194.2
Other segments and eliminations       6.1
Unallocated items       854.2
Group, total (POC)       1,381.0

 

Segments’ operative invested capital 1)    
EUR million, POC 3/14 6/14 9/14 12/14
Housing Finland and CEE 649.0 621.9 613.0 579.8
Housing Russia 2) 549.2 601.6 564.0 378.1
Business Premises and Infrastructure 208.8 233.2 229.3 181.9
         
Segments’ return on operative invested capital, last. 12 months 1)  
EUR million, POC 3/14 6/14 9/14 12/14
Housing Finland and CEE 9.7% 10.1% 9.5% 9.4%
Housing Russia 12.4% 11.4% 10.2% 10.5%
Business Premises and Infrastructure 15.6% 12.0% 12.1% 10.8%

 

1) Only operational items are taken into account in calculating the segments’ invested capital.
2) Includes Gorelovo industrial park.

 

 

 

For further information, please contact:

Sanna Kaje , Vice President, Investor Relations, YIT Corporation, +358 50 390 6750, sanna.kaje@yit.fi
 

YIT CORPORATION

 

Sanna Kaje
Vice President, Investor Relations

 

Distribution: NASDAQ OMX, Major media, www.yitgroup.com

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com

 

 

About Us

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com

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