YIT warns its Business premises segment to be loss-making in the third quarter and reinstates full-year result guidance for 2020
YIT Corporation Insider information 19 October 2020 at 10.15 a.m.YIT warns its Business premises segment to be loss-making in the third quarter and reinstates full-year result guidance for 2020 YIT issued a third-quarter guidance for each of its segments in its 2020 Half-year report. In contrast to the guidance, YIT expects the Business premises segment’s adjusted operating profit to be negative in the third quarter of 2020. The segment’s profitability is weakened by a EUR 18 million margin reduction in revenue and cost estimates of the Tripla project. In addition,