EU and US could reach trade deal this weekend - Reuters
Investing.com -- Finnish construction company YIT Oyj (HEL:YIT) reported a second-quarter adjusted EBIT of EUR 10 million, surpassing analyst estimates of EUR 7.2 million, despite posting a pretax loss.
The company’s Q2 revenue reached EUR 412 million, also exceeding market expectations of EUR 401.5 million. However, YIT recorded a pretax loss of EUR 7 million and a net loss of EUR 8 million for the quarter.
YIT’s adjusted EBIT margin stood at 2.4% for the period.
Looking ahead, the construction firm narrowed its full-year 2025 guidance for adjusted operating profit from continuing operations to between EUR 30-60 million.
The company provided a mixed outlook across its markets. YIT expects the residential market in Baltic countries and Central Eastern Europe to remain favorable.
In Finland, primary apartment market sales volumes are anticipated to slightly increase during 2025.
YIT also stated that operational performance in its building construction segment is expected to improve throughout the year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.