YIT Oyj (OTCPK:YITYY)
$ 1.29 0 (0%) Market Cap: 594.88 Mil Enterprise Value: 1.52 Bil PE Ratio: 0 PB Ratio: 0.75 GF Score: 53/100

Q2 2022 YIT Oyj Earnings Call Transcript

Jul 28, 2022 / 07:00AM GMT
Release Date Price: $2.52
Tommi Jarvenpaa
YIT Oyj - VP of IR

Good morning, and welcome to YIT's second quarter earnings webcast. My name is Tommi Jarvenpaa. I'm the Head of YIT's Investor Relations.

Our strategy execution continued in the second quarter, profitability improved despite prevailing market instability, and the sale of the businesses in Russia were completed successfully.

Next our CEO, Markku Moilanen; and CFO, Tuomas Makipeska, will go through the Q2 results and highlights. After the presentation we will be taking questions from the conference call line.

At this point, I'd like to hand over to our CEO, Markku. Please go ahead.

Markku Moilanen
YIT Oyj - President, CEO & Member of Management Board

Thank you, Tommi, and good morning on my behalf as well. As Tommi commented, we continue to implement our strategy during Q2. The first part of our strategy is to focus on our core competencies and focus on businesses which we see attractive and profitable growth in the future. And as a result, we completed the sale of our businesses in Russia. So

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