YIT reinstates full-year result guidance for 2020
YIT withdrew its full-year result guidance for 2020 on 1 April 2020 due to increased uncertainty and weakened visibility resulting from the coronavirus pandemic. 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 165.5 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.