YIT
YIT’s comparable figures for 2014 in accordance with the new segment structure
YIT 27.03.2015 14:30 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 News Source: NASDAQ OMX 27.03.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: YIT Finland Phone: Fax: E-mail: Internet: ISIN: FI0009800643 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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