YIT Corporation Inside Information
Inside information: YIT lowers its guidance for the year 2023 due to a decline in fair values and provides preliminary financial information for the fourth quarter of 2023
YIT lowers its guidance for Group adjusted operating profit for continuing operations for the financial year 2023 published on
New guidance for the financial year 2023:
YIT expects its Group adjusted operating profit for continuing operations to be
Reasons for the new guidance:
In its outlook for the financial year 2023, YIT notes that rising interest rates may have a negative impact on the fair value of investments. Mainly as a result of an increase in yields, YIT recognises declines in fair values on its equity investments measured at fair value and investment properties measured at fair value owned by associated companies and joint ventures, totaling approximately
Previous guidance for the financial year 2023:
YIT expects its Group adjusted operating profit for continuing operations to be lower than in 2022, but at least
Preliminary financial information for the fourth quarter of 2023
YIT expects the fourth quarter 2023 revenue to be approximately
The financial figures stated in this release are preliminary and unaudited as the financial statements process is still ongoing. YIT will publish its Financial Statements Bulletin 2023 on Friday,
For further information:
YIT Investor Relations, investorrelations@yit.fi
Media enquiries through Group Communications, tel. +358 44 743 7536, press@yit.fi
YIT Corporation
Tuomas Mäkipeska
CFO
Distribution: Nasdaq
YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure for smooth mobility. We employ around 5,000 professionals in eight countries:
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