2014-03-27 08:00:00 CET
2014-03-27 08:00:05 CET
REGULATED INFORMATION
YIT - Company Announcement
YIT’s comparable figures for 2013 in accordance with the new segment structure
Helsinki, 2014-03-27 08:00 CET (GLOBE NEWSWIRE) -- YIT CORPORATION
STOCK EXCHANGE RELEASE MARCH 27, 2014 AT 9:00 A.M.
YIT'S COMPARABLE FIGURES FOR 2013 IN ACCORDANCE WITH THE NEW SEGMENT STRUCTURE
YIT Corporation changed its segment structure as of the beginning of 2014. The
company's two reporting segments as of January 1, 2014 are 1) Housing and 2)
Business Premises and Infrastructure. Under the Housing segment, key financial
figures are also reported for two geographical regions: 1) Finland, the Baltic
countries and Central Eastern Europe, and 2) Russia. The Business Premises and
Infrastructure segment comprises business premises construction in Finland, the
Baltic countries and Central Eastern Europe, as well as infra services in
Finland. Reporting under the new segment structure will begin from the
January-March 2014 interim report, which will be published on April 25, 2014.
The reason behind the replacement of the former, geographical segment structure
is the aim to renew the structure to better match the company's new management
structure and business areas. The objective of the new segment and management
structure is to strengthen the development of YIT's strategic focus areas and
support growth in the company's own-developed projects, particularly in
emerging markets. The changes are aimed at facilitating the effective
implementation of the company's strategy as well as an increasingly
customer-focused operating model.
YIT's comparable figures for 2013 according to the new segment structure based
on segment reporting (POC) are presented below.
Revenue
EUR million 1-3/13 4-6/13 7-9/13 10-12/ 1-3/13 1-6/13 1-9/13 1-12/13
13
Housing 286.2 247.9 270.4 347.7 286.2 534.1 804.5 1,152.2
Finland, the 188.6 131.6 140.0 196.0 188.6 320.2 460.2 656.2
Baltic
countries and
Central
Eastern
Europe
Russia 97.6 116.3 130.4 151.7 97.6 214.0 344.3 496.0
Business 158.8 177.0 181.4 171.7 158.8 335.7 517.2 688.9
Premises and
Infrastructur
e
Other items 7.0 6.1 2.8 1.9 7.0 13.1 15.9 17.8
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Group, total 452.0 430.9 454.7 521.3 452.0 882.9 1,337.6 1,858.8
(POC)
IFRS -6.4 6.2 -91.7 -24.0 -6.4 -0.2 -91.9 -115.9
adjustment
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Group, total 445.6 437.1 363.0 497.3 445.6 882.7 1,245.7 1,743.0
(IFRS)
Operating profit
EUR million 1-3/13 4-6/13 7-9/13 10-12/ 1-3/13 1-6/13 1-9/13 1-12/1
13 3
Housing 35.0 30.6 34.8 35.5 35.0 65.6 100.4 135.8
Finland, the 22.4 13.7 14.7 14.9 22.4 36.1 50.8 65.7
Baltic
countries and
Central Eastern
Europe
Russia 12.6 17.0 20.1 20.5 12.6 29.5 49.6 70.2
Business 3.1 9.9 8.0 9.5 3.1 13.0 21.0 30.5
Premises and
Infrastructure
Other items -2.2 -2.2 -5.4 -3.8 -2.2 -4.4 -9.8 -13.6
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Group, total 35.9 38.3 37.4 41.2 35.9 74.2 111.6 152.8
(POC)
IFRS adjustment -4.9 -6.0 -25.7 -12.2 -4.9 -10.9 -36.6 -48.8
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Group, total 31.0 32.3 11.7 29.0 31.0 63.3 75.0 104.0
(IFRS)
Operating profit excluding non-recurring items
EUR million 1-3/13 4-6/13 7-9/13 10-12/ 1-3/13 1-6/13 1-9/13 1-12/1
13 3
Housing 35.0 30.6 34.8 36.0 35.0 65.6 100.4 136.3
Finland, the 22.4 13.7 14.7 15.4 22.4 36.1 50.8 66.2
Baltic
countries and
Central Eastern
Europe
Russia 12.6 17.0 20.1 20.5 12.6 29.5 49.6 70.2
Business 3.1 9.9 8.0 10.0 3.1 13.0 21.0 31.0
Premises and
Infrastructure
Other items -2.2 -2.2 -5.4 -3.5 -2.2 -4.4 -9.8 -13.4
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Group, total 35.9 38.3 37.4 42.4 35.9 74.2 111.6 154.0
(POC)
IFRS adjustment -4.9 -6.0 -25.7 -12.2 -4.9 -10.9 -36.6 -48.8
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Group, total 31.0 32.3 11.7 30.2 31.0 63.3 75.0 105.2
(IFRS)
Operating profit for October-December in 2013 includes a non-recurring cost of
EUR 1.2 million related to restructuring measures. Of the non-recurring cost,
EUR 0.5 million was booked in Housing segment (Finland, the Baltic countries
and Central Eastern Europe), EUR 0.5 million in Business Premises and
Infrastructure segment and EUR 0.2 million in other items.
Operating profit margin
% 1-3/13 4-6/13 7-9/13 10-12/ 1-3/13 1-6/13 1-9/13 1-12/1
13 3
Housing 12.2 12.3 12.9 10.2 12.2 12.3 12.5 11.8
Finland, the 11.9 10.4 10.5 7.6 11.9 11.3 11.0 10.0
Baltic
countries and
Central Eastern
Europe
Russia 12.9 14.6 15.4 13.5 12.9 13.8 14.4 14.1
Business 1.9 5.6 4.4 5.5 1.9 3.9 4.1 4.4
Premises and
Infrastructure
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Group, total 7.9 8.9 8.2 7.9 7.9 8.4 8.3 8.2
(POC)
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Group, total 7.0 7.4 3.2 5.8 7.0 7.2 6.0 6.0
(IFRS)
Operating profit margin excluding non-recurring items
% 1-3/13 4-6/13 7-9/13 10-12/ 1-3/13 1-6/13 1-9/13 1-12/1
13 3
Housing 12.2 12.3 12.9 10.3 12.2 12.3 12.5 11.8
Finland, the 11.9 10.4 10.5 7.9 11.9 11.3 11.0 10.1
Baltic
countries and
Central Eastern
Europe
Russia 12.9 14.6 15.4 13.5 12.9 13.8 14.4 14.1
Business 1.9 5.6 4.4 5.8 1.9 3.9 4.1 4.5
Premises and
Infrastructure
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Group, total 7.9 8.9 8.2 8.1 7.9 8.4 8.3 8.3
(POC)
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Group, total 7.0 7.4 3.2 6.1 7.0 7.2 6.0 6.0
(IFRS)
Order backlog
EUR million 3/13 6/13 9/13 12/13
Housing 1,996.4 2,092.7 2,115.7 2,070.8
Finland, the Baltic countries and 890.7 1,080.0 1,053.9 970.8
Central Eastern Europe
Russia 1,105.7 1,012.7 1,061.8 1,100.0
Business Premises and Infrastructure 713.8 718.0 697.7 642.9
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Group, total (POC) 2,710.2 2,810.8 2,813.4 2,713.7
IFRS adjustment 335.7 365.2 446.1 470.9
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Group, total (IFRS) 3,045.9 3,176.0 3,259.5 3,184.6
Personnel at the end of the period
3/13 6/13 9/13 12/13
Housing 4,174 4,215 3,872 3,818
Finland, the Baltic countries and 1,966 2,063 1,864 1,832
Central Eastern Europe
Russia 2,208 2,152 2,008 1,986
Business Premises and Infrastructure 2,180 2,381 2,164 2,037
Group services 335 308 348 317
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Group, total 6,689 6,904 6,384 6,172
Assets
EUR million 12/13
Housing 1,620.3
Business Premises and Infrastructure 395.4
Other segments and eliminations 61.1
Unallocated items 134.6
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Group, total (POC) 2,211.3
Liabilities
EUR million 12/13
Housing 394.5
Business Premises and Infrastructure 205.7
Other segments and eliminations 15.4
Unallocated items 820.9
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Group, total (POC) 1,436.4
Segments' operative invested capital1
EUR million 12/13
Housing 1,225.8
Finland, the Baltic countries and 651.8
Central Eastern Europe
Russia 574.0
Business Premises and Infrastructure 189.8
---------------------------------------------
Segments' return on operative invested capital1
% 1-12/13
Housing 11.2
Finland, the Baltic countries and 10.3
Central Eastern Europe
Russia 12.3
Business Premises and Infrastructure 20.6
---------------------------------------------
1Only operational items are taken into account in calculating the segments'
invested capital.
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, principal 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 for 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
caring for our customers, partners and personnel. We have more than 6,000
employees in seven countries. In 2013, our revenue amounted to nearly EUR 1.9
billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com
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