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Debt investors

One of the key objectives of YIT's treasury policy is to ensure sufficient financing for its operations and the actions required to reach its strategic targets. The aim is to provide access to financing on competitive terms while minimising the net financing expenses, to execute financial risk management  and to ensure sufficient diversification of funding sources.

Debt investor contacts

Jukka Kalliomäki
Group Treasurer
Hanna Jaakkola
Vice President, Investor Relations

Key figures

GROUP REPORTING, IFRS
EUR million  6/2017 3/2017 12/2016  9/2016  6/2016
Operating cash flow after investments, excluding discontinued operations, rolling 12 months 5 23  -43  22  56
EBITDA, rolling 12 months

67.0

53.8

 48.5  46.8  68.9
Interest-bearing debt 648.5 667.8  699.5  678.1  628.4
Cash and cash equivalents  35.3 77.7  66.4  66.8  71.8
Interest-bearing receivables 39.9 39.1 34.6 33.5  
Net debt  573.3 551.1  598.6  577.9  556.6
Net debt/ EBITDA, multiple 8.6 10.3 12.3   12.3  8.1
Gearing ratio, %  115.0 103.6 112.3  118.9  104.8
Equity ratio, %  30.7 31.1 31.2  30.1  32.9

Net debt definition revised as of beginning of 2017, comparison figures adjusted accordingly: As of from the beginning of 2017, YIT takes interest-bearing receivables into account in net interest-bearing debt. Interest-bearing receivables are related to co-operation projects in line with YIT’s strategy, with the most notable item being an interest-bearing receivable reported in the third quarter of 2016, associated with the construction of obligated parking spaces for the Tripla-project. The other interest-bearing receivables are loans granted to a joint venture.

SEGMENT REPORTING, POC
  6/2017 3/2017 12/2016  9/2016  6/2016
Net debt/ EBITDA, multiple 6.0 5.5  6.8  8.9  6.5
Gearing ratio, % 87.0 72.8  83.3  91.8  82.5
Equity ratio, %  34.6 35.4  35.1  33.8  36.4

 

OTHER KEY FIGURES
  6/2017 3/2017 12/2016  9/2016  6/2016
Undrawn committed revolving credit facilities, EUR million 200.0 200.0  200.0  300.0  300.0
Average interest rate, %  3.01 3.64  3.48  3.65  3.78
Fixed-rate loans, %  94 90  89  88  86

 

Credit rankings

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