2015-03-27 14:30:00 CET
2015-03-27 14:30:03 CET
REGULATED INFORMATION
YIT - Company Announcement
YIT’s comparable figures for 2014 in accordance with the new segment structure
Helsinki, Finland, 2015-03-27 14:30 CET (GLOBE NEWSWIRE) -- YIT CORPORATION
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/ 1-3/14 1-6/14 1-9/14 1-12/14
14
--------------------------------------------------------------------------------
Housing 172.9 187.0 177.4 189.2 172.9 359.9 537.2 726.5
Finland and
CEE
--------------------------------------------------------------------------------
Housing Russia 108.5 116.8 119.0 129.7 108.5 225.4 344.4 474.1
--------------------------------------------------------------------------------
Business 121.1 147.0 188.8 142.4 121.1 268.1 456.9 599.3
Premises and
Infrastructur
e
--------------------------------------------------------------------------------
Other items 0.6 0.6 0.5 -0.4 0.6 1.2 1.7 1.4
Group, total 403.1 451.4 485.7 461.0 403.1 854.5 1,340.2 1,801.2
(POC)
--------------------------------------------------------------------------------
IFRS 0.0 -97.7 6.8 68.3 0.0 -97.7 -90.9 -22.6
adjustment
Group, total 403.2 353.7 492.4 529.3 403.2 756.9 1,249.3 1,778.6
(IFRS)
--------------------------------------------------------------------------------
Operating profit
EUR million 1-3/14 4-6/14 7-9/14 10-12/ 1-3/14 1-6/14 1-9/14 1-12/1
2014 4
--------------------------------------------------------------------------------
Housing Finland 16.8 16.2 13.3 11.3 16.8 32.9 46.3 57.6
and CEE
--------------------------------------------------------------------------------
Housing Russia 12.2 13.8 11.7 12.1 12.2 25.9 37.7 49.8
--------------------------------------------------------------------------------
Business 0.2 6.9 10.3 2.8 0.2 7.1 17.3 20.1
Premises and
Infrastructure
--------------------------------------------------------------------------------
Other items -2.3 -2.1 -1.8 -7.2 -2.3 -4.4 -6.3 -13.5
--------------------------------------------------------------------------------
Group, total 26.9 34.7 33.5 19.0 26.9 61.5 95.1 114.0
(POC)
--------------------------------------------------------------------------------
IFRS adjustment -3.7 -26.3 -5.4 16.3 -3.7 -30.0 -35.4 -19.2
Group, total 23.2 8.3 28.1 35.2 23.2 31.5 59.6 94.8
(IFRS)
--------------------------------------------------------------------------------
Operating profit
margin
% 1-3/14 4-6/14 7-9/14 10-12/ 1-3/14 1-6/14 1-9/14 1-12/1
14 4
--------------------------------------------------------------------------------
Housing Finland 9.7% 8.6% 7.5% 6.0% 9.7% 9.2% 8.6% 7.9%
and CEE
--------------------------------------------------------------------------------
Housing Russia 11.2% 11.8% 9.9% 9.3% 11.2% 11.5% 10.9% 10.5%
--------------------------------------------------------------------------------
Business 0.2% 4.7% 5.4% 1.9% 0.2% 2.6% 3.8% 3.4%
Premises and
Infrastructure
--------------------------------------------------------------------------------
Group, total 6.7% 7.7% 6.9% 4.1% 6.7% 7.2% 7.1% 6.3%
(POC)
--------------------------------------------------------------------------------
Group, total 5.8% 2.4% 5.7% 6.7% 5.8% 4.2% 4.8% 5.3%
(IFRS)
--------------------------------------------------------------------------------
Operating profit
excluding non-recurring
items
EUR million 1-3/14 4-6/14 7-9/14 10-12/ 1-3/14 1-6/14 1-9/14 1-12/1
14 4
--------------------------------------------------------------------------------
Housing Finland 16.8 16.2 13.3 17.5 16.8 32.9 46.3 63.7
and CEE
--------------------------------------------------------------------------------
Housing Russia 12.2 13.8 11.7 18.1 12.2 25.9 37.7 55.8
--------------------------------------------------------------------------------
Business 0.2 6.9 10.3 3.0 0.2 7.1 17.3 20.4
Premises and
Infrastructure
--------------------------------------------------------------------------------
Other items -2.3 -2.1 -1.8 -7.2 -2.3 -4.4 -6.3 -13.5
--------------------------------------------------------------------------------
Group, total 26.9 34.7 33.5 31.4 26.9 61.5 95.1 126.4
(POC)
--------------------------------------------------------------------------------
IFRS adjustment -3.7 -26.3 -5.4 16.3 -3.7 -30.0 -35.4 -19.2
Group, total 23.2 8.3 28.1 47.6 23.2 31.5 59.6 107.3
(IFRS)
--------------------------------------------------------------------------------
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/ 1-3/14 1-6/14 1-9/14 1-12/1
14 4
--------------------------------------------------------------------------------
Housing Finland 9.7% 8.6% 7.5% 9.2% 9.7% 9.2% 8.6% 8.8%
and CEE
--------------------------------------------------------------------------------
Housing Russia 11.2% 11.8% 9.9% 14.0% 11.2% 11.5% 10.9% 11.8%
--------------------------------------------------------------------------------
Business 0.2% 4.7% 5.4% 2.1% 0.2% 2.6% 3.8% 3.4%
Premises and
Infrastructure
-----------------
---------------------------------------------------------------
Group, total 6.7% 7.7% 6.9% 6.8% 6.7% 7.2% 7.1% 7.0%
(POC)
-----------------
Group, total 5.8% 2.4% 5.7% 9.0% 5.8% 4.2% 4.8% 6.0%
(IFRS)
--------------------------------------------------------------------------------
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 capital1)
EUR million, POC 3/14 6/14 9/14 12/14
-------------------------------------------------------------------------
Housing Finland and CEE 649.0 621.9 613.0 579.8
-------------------------------------------------------------------------
Housing Russia2) 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
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