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Guidance for the second quarter of 2020

Published on April 30, 2020

The second quarter outlook is blurred by significant market uncertainty because of the coronavirus pandemic. YIT expects apartment sales to be at a low level. Consumer apartment completions are expected to halve in Finland and CEE countries compared to the second quarter of 2019. Based on the current order book, the Business premises segment’s revenue is expected to bottom in the second quarter and start to improve in the following quarters. The Infrastructure projects segment is expected to be impacted by seasonal slowness. In the Partnership properties segment, a rebound in the number of customers of the Mall of Tripla is expected once restrictions have been removed.

Significant fluctuation is expected to take place between the quarters due to typical seasonality, closing of sales of business premises projects, as well as sales of apartments and completion of residential projects. As in 2019, the last quarter of the year is expected to be the strongest.