YIT Corporation Stock Exchange Release March 6, 2026, at 8:30 a.m.
YIT adopts percentage of completion revenue recognition method in segment
reporting and publishes comparison financial information for 2025, basis for
presenting the guidance changes
YIT has completed the plans related to the previously announced change in the
operating model and, as part of the new operating model, will adopt percentage
of completion revenue recognition method for self-developed projects in its
internal management and reporting. The change will be reflected also in the
external segment reporting, improving transparency of financial reporting and
providing the capital market with a better and more consistent view of the
businesses' financial performance. The change has no impact on the IFRS
accounting policy.
Adopting the percentage of completion revenue recognition method impacts the
timing of the revenue recognition in segment reporting. Therefore, it has no
impact on YIT's financial targets set for the strategy period 2025-2029 or the
adjusted operating profit guidance given for year 2026. Going forward, YIT
publishes adjusted operating profit only in accordance with the segment
reporting, which will serve as basis for the guidance for 2026.
Starting from the first quarter of 2026, YIT will report all operations using
the percentage of completion revenue recognition method in segment reporting.
Revenue from sales of self-developed projects will be reported using the
percentage of completion method in segment reporting, in contrast to the
previously used method where revenue was recognized upon the project completion,
when control is transferred to the customer. The new revenue recognition method
provides more timely and predictable information, as it reflects the progress of
the projects based on both the degree of completion and the sales rate already
during the project. The impact is primarily reflected in the residential
segments' revenue recognition.
Going forward, YIT will present financial information both according to the IFRS
accounting standards and according to segment reporting using the percentage of
completion revenue recognition method for self-developed projects.
Reconciliations between the two reporting methods will also be provided. The key
performance indicators for segment reporting are updated to reflect the new
method.
YIT publishes comparison financial information for 2025 to reflect the announced
change of the revenue recognition method in segment reporting including also the
change in the definition of operating profit adjusting items, announced on
February 6, 2026. The new comparison financial information for 2025 is presented
in the table attached to this release. The information is unaudited.
For further information:
Essi Nikitin, Vice President, Investor Relations, YIT Corporation, tel. +358 50
581 1455, essi.nikitin@yit.fi
YIT Corporation
Markus Pietikäinen
CFO, interim
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT builds thriving living environments in Europe. For more than 110 years, we
have made everyday life smoother by building homes for a good life, spaces where
people and businesses can thrive, and infrastructure that supports the essential
functions of society. We operate in seven countries and employ approximately
4,100 professionals. In 2025, our revenue was EUR 1.8 billion. YIT Corporation's
shares are listed on Nasdaq Helsinki.
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