YIT Oyj (OTCPK:YITYY)
$ 1.08 0 (0%) Market Cap: 498.04 Mil Enterprise Value: 1.42 Bil PE Ratio: 466.00 PB Ratio: 0.62 GF Score: 67/100

Yit Oyj Analyst Silent Call Transcript

Jun 20, 2019 / NTS GMT
Release Date Price: $2.72
Hanna Jaakkola
YIT Oyj - VP of IR

Good morning, everybody, and welcome to YIT's Q2 silent call for analysts. I have here with me our CFO, Ilkka Salonen. I am IR, Hanna Jaakkola. And we came out today with a release regarding Russia this morning. And I guess you have a lot of questions regarding that. But first, let's do so that Ilkka gives a presentation regarding the whole second quarter and also goes through the release we sent out regarding Russia. (Operator Instructions)

But I will give it over to Ilkka. Please?

Ilkka Seppo Salonen
YIT Oyj - CFO & Deputy to President and CEO

Thank you, Hanna. Good morning, everyone. Yes. We announced today about thinking our Russian operations. And we are releasing capital from there and decreasing the business volumes in certain areas. But if we take up first about the scope of the operations where we are discontinuing or closing, there are certain areas in housing in Don, in Moscow region and in Moscow City, also the contracting business in Russia as well as the Paving business in Russia.

If we look

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot