SRV Yhtiöt Oyj provided consolidated earnings guidance for the full year 2023. Full-year consolidated revenue for 2023 is expected to decrease in comparison to 2022 (revenue in 2022: EUR 770.1 million). Operative operating profit is expected to be positive, but lower than in 2022 (operative operating profit in 2022: EUR 18.9 million).

Revenue in 2023 will mainly be generated by cooperative contracting and development projects sold to investors. At the beginning of 2023, the order backlog was strongly weighted towards cooperative contracting, which involves fewer risks but lower margins. The company therefore expects the largest proportion of its full-year earnings to be generated in the end of the year.

The share of revenue accounted for by developer-contracted housing production will remain small in 2023.