YIT reinstates full-year result guidance for 2020

Published on 30 October 2020

YIT reinstated its full-year guidance for 2020 on 19 October as the outlook has clarified supported by strong apartment sales, good reservation levels, as well as the construction sites progressing according to plans.

YIT expects its full-year Group adjusted operating profit to be in the range of EUR 90-110 million (2019: EUR 165 million).

During the rest of the year, YIT expects its projects to be completed on schedule despite the second wave of the coronavirus pandemic. However, possible decisions by authorities, such as closing down construction sites widely or slow acceptance processes in completion, may lead to temporary shutdowns and cause postponements of revenue and profit into 2021.