YIT Oyj : Key figures Q2 / 22

YIT Group

Key financial figures
YIT restated financial information for comparative period 2021 reflecting the reporting of sold Russian businesses as discontinued operations. Balance sheet and cash flow statement for comparative periods were not restated.
YIT Group
Full year	Per quarter
2018	2019	2020	2021	Q1/2018	Q2/2018	Q3/2018	Q4/2018	Q1/2019	Q2/2019	Q3/2019	Q4/2019	Q1/2020	Q2/2020	Q3/2020	Q4/2020	Q1/2021	Q2/2021	Q3/2021	Q4/2021	Q1/2022	Q2/2022
Result	Pro forma	Pro forma	Pro forma	Pro forma	Pro forma
Revenue	EUR million	3,201	3,392	3,069	2,652	579	759	734	1,128	675	757	808	1,152	708	700	687	975	562	685	535	870	518	545
Operating profit	EUR million	105	80	35	56	-21	12	27	86	-12	-23	18	97	-3	0	-16	55	10	21	0	25	22	22
Operating profit margin	%	3.3	2.4	1.1	2.1	-3.6	1.6	3.7	7.6	-1.8	-3.0	2.3	8.4	-0.4	0.0	-2.4	5.6	1.7	3.1	0.0	2.8	4.2	4.1
Adjusting items	EUR million	27	85	50	29	2	9	4	13	2	51	7	24	12	5	32	1	5	2	11	10	0	2
Adjusted operating profit	EUR million	132	165	85	85	-19	20	31	99	-10	29	26	121	8	5	16	56	15	24	11	35	22	25
Adjusted operating profit margin	%	4.1	4.9	2.8	3.2	-3.3	2.7	4.3	8.8	-1.4	3.8	3.2	10.5	1.2	0.7	2.4	2.8	2.7	3.4	2.0	4.0	4.2	4.5
Net finance costs	EUR million	-33	-40	-41	-34	-7	-12	-7	-8	-10	-9	-11	-9	-13	-8	-11	-9	-9	-9	-7	-7	-8	-9
Result before taxes	EUR million	71	40	-6	22	-27	-1	21	78	-22	-32	7	88	-16	-8	-27	46	0	12	-8	17	14	14
Result for the period, continuing operations	EUR million	49	5	-8	6	-25	-2	20	57	-18	-43	6	59	-10	-9	-26	36	-1	8	-9	7	12	16
Result for the period, including discontinued operations	EUR million	33	15	27	4	-52	-4	36	54	-38	-47	27	73	-32	45	-26	39	4	11	-3	-8	-133	-277
Order book, continuing operations
Finland	EUR million	3,286	2,955	2,541	3,068	n/a	3,735	3,763	3,286	n/a	3,343	3,347	2,955	2,751	2,907	2,769	2,541	2,699	2,824	2,981	3,068	3,019	3,192
Other regions	EUR million	1,000	1,175	988	779	n/a	1,038	1,043	1,000	n/a	1,309	1,417	1,175	1,097	1,167	1,062	988	807	829	904	779	737	875
Order book, total	EUR million	4,286	4,131	3,528	3,847	4,401	4,773	4,806	4,286	4,302	4,652	4,764	4,131	3,848	4,074	3,831	3,528	3,506	3,653	3,885	3,847	3,756	4,067
Cash flow
Operating cash flow after investments	EUR million	n/a	51	336	288	n/a	n/a	n/a	n/a	-3	-51	-27	132	-48	247	-9	146	70	109	-23	133	-41	-133
Cash flow from plot investments	EUR million	n/a	-153	-155	-124	n/a	n/a	n/a	n/a	-16	-34	-22	-81	-52	-30	-37	-36	-15	-28	-24	-57	-42	-48
Cash flow from investments to associated companies and joint ventures	EUR million	n/a	-34	-34	-29	n/a	n/a	n/a	n/a	-9	-2	-10	-9	-4	-3	-2	-13	-9	-6	-5	-8	-4	-12
Interest-bearing debt
Bonds	EUR million	353	250	250	199	293	356	354	353	351	350	249	250	250	250	250	250	248	199	199	199	199	199
Commercial papers	EUR million	47	141	216	228	268	192	47	75	265	141	216	200	215	216	195
Pension loans	EUR million	50	56	52	52	50	50	50
Loans from financial institutions	EUR million	130	180	200	150	136	133	133	130	130	130	130	180	200	200	200	200	180	150	150	150	150	150
Housing company loans (related to unsold apartments)	EUR million	259	183	163	106	166	206	238	259	211	206	192	183	193	207	194	163	125	106	109	106	117	145
Lease liabilities	EUR million	n/a	261	235	234	n/a	n/a	n/a	n/a	313	267	259	261	271	262	262	235	206	204	234	234	222	210
Finance lease liabilities	EUR million	18	n/a	n/a	n/a	20	19	18	18	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other interest-bearing debt	EUR million	35	36	50	62	34	35	35	35	36	36	36	36	37	41	44	50	52	54	65	62	41	44
Interest-bearing debt, total	EUR million	892	1,051	1,114	751	933	1,068	1,021	892	1,090	1,113	1,131	1,051	1,166	1,160	1,165	1,114	1,005	713	758	751	729	747
Cash and cash equivalents	EUR million	264	132	419	389	65	286	205	264	153	114	96	132	161	380	359	419	501	304	292	389	319	248
Interest-bearing receivables	EUR million	65	57	66	59	54	48	49	65	69	61	53	57	64	65	66	66	65	56	56	59	73	63
Net interest-bearing debt	EUR million	563	862	628	303	814	734	768	563	869	939	983	862	941	715	740	628	439	353	411	303	338	435
Available committed revolving credit facilities	EUR million	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300	300
Available overdraft facilities	EUR million	72	47	47	32	74	74	74	72	73	73	62	47	47	47	47	47	47	32	32	32	32	32
Capital employed and capital expenditure
Capital employed	EUR million	1,601	1,669	1,527	1,142	1,854	1,699	1,755	1,601	1,880	1,651	1,749	1,669	1,643	1,692	1,650	1,527	1,274	1,207	1,240	1,142	1,176	1,286
Gross capital expenditures	EUR million	n/a	n/a	31	32	n/a	n/a	n/a	n/a	n/a	n/a	6	9	12	3	10	6	2	12	4	13	4	4
of which leased	EUR million	n/a	n/a	26	22	n/a	n/a	n/a	n/a	n/a	n/a	3	7	10	2	9	5	2	9	3	9	3	3
Key ratios*
Net debt / adjusted EBITDA ratio (rolling 12 months)	n/a	3.9	5.0	2.1	n/a	n/a	n/a	n/a	3.0	3.5	3.8	3.9	4.0	3.5	3.8	5.0	3.2	2.2	2.6	2.1	2.8	3.6
Gearing ratio	%	54	81	68	30	54	73	76	54	88	99	101	81	105	73	84	68	44	35	40	30	41	51
Equity ratio	%	38	34	33	40	38	34	35	38	33	31	31	34	30	33	31	33	37	41	40	40	34	37
Interest cover ratio**	%	5.8	3.0	3.5	5.8	5.9	5.0	4.6	3.0	3.5	4.2	4.6	3.5	4.0	4.3
Return on equity	%	1.4	2.6	0.8	1.4	2.3	11.7	6.5	2.6	6.5	2.8	5.3	0.8	-14.1	-44.7
Return on capital employed (ROCE, rolling 12 months)**	%	n/a	9.7	5.2	6.8	n/a	n/a	n/a	n/a	9.4	10.0	9.0	9.7	11.4	9.5	8.9	5.2	6.1	8.0	8.4	6.8	7.6	7.6
*The comparability is affected by the sale of Russian businesses. Comparative periods' figures before Q1 2022 have not been restated.
**The comparability is affected by the sale of Russian businesses. Comparative periods' figures before Q4 2021 have not been restated.
Share
Earnings per share, continuing operations	EUR	0.23	0.02	-0.04	0.01	-0.11	-0.02	0.09	0.27	-0.09	-0.20	0.03	0.28	-0.05	-0.04	-0.12	0.17	0.00	0.04	-0.05	0.03	0.05	0.07
Earnings per share	EUR	0.19	0.07	0.13	0.00	-0.11	-0.03	0.17	0.25	-0.09	-0.22	0.13	0.35	-0.15	0.22	-0.12	0.19	0.02	0.05	-0.02	-0.04	-0.64	-1.33
Dividend per share	EUR	0.27	0.40	0.14	0.16	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Equity per share	EUR	5.00	5.1	4.40	4.86	4.9	4.8	4.8	5.0	4.7	4.5	4.7	5.1	4.3	4.7	4.2	4.4	4.8	4.9	4.9	4.9	3.9	4.1
Personnel, continuing operations**
Finland	headcount	4,371	4,274	3,936	3,857	4,647	5,012	4,541	4,371	4,226	4,633	4,397	4,274	4,213	4,465	4,123	3,936	3,904	4,275	3,992	3,857	3,731	4,037
CEE countries	headcount	1,539	1,555	1,385	1,230	1,437	1,670	1,638	1,539	1,556	1,669	1,685	1,555	1,507	1,514	1,464	1,385	1,364	1,412	1,255	1,230	1,225	1,247
Scandinavia	headcount	214	299	310	210	175	194	213	214	242	268	283	299	311	317	320	310	294	245	243	210	206	204
YIT Group, total	headcount	6,124	6,128	5,631	5,297	6,259	6,876	6,392	6,124	6,024	6,570	6,365	6,128	6,031	6,296	5,907	5,631	5,562	5,932	5,490	5,297	5,162	5,488
** At the end of reporting period

&G

Housing

Key financial figures
From the first quarter of 2022 onwards, YIT has four reportable segments: Housing, Business Premises, Infrastructure and Property Development. YIT restated financial information for comparative period 2021 reflecting an operating model change, where certain operations and functions were transferred between reportable segments.
Housing
Full year	Per quarter
Figures concern continuing operations unless otherwise stated	2018	2019	2020	2021	Q1/2018	Q2/2018	Q3/2018	Q4/2018	Q1/2019	Q2/2019	Q3/2019	Q4/2019	Q1/2020	Q2/2020	Q3/2020	Q4/2020	Q1/2021	Q2/2021	Q3/2021	Q4/2021	Q1/2022	Q2/2022
Result	Pro forma	Pro forma	Pro forma	Pro forma	Pro forma
Revenue	EUR million	1,158	1,240	1,286	1,281	243	317	244	354	256	286	252	446	248	284	249	505	265	380	218	419	232	221
Operating profit	EUR million	103	91	108	109	21	30	24	29	9	29	14	39	8	19	16	65	14	39	14	41	21	14
Operating profit margin	%	8.9	7.4	8.4	8.5	8.5	9.4	9.8	8.1	3.6	10.2	5.6	8.7	3.3	6.8	6.6	12.8	5.5	10.2	6.5	9.8	8.9	6.4
Adjusted operating profit	EUR million	103	91	108	109	21	30	24	29	9	29	14	39	8	19	16	65	14	39	15	41	21	14
Adjusted operating profit margin	%	8.9	7.4	8.4	8.5	8.5	9.6	9.8	8.1	3.6	10.2	5.6	8.7	3.3	6.8	6.6	12.8	5.5	10.2	6.9	9.7	8.9	6.4
Order book
Order book	EUR million	1,729	1,737	1,437	1,647	1,720	1,774	1,767	1,729	1,607	1,649	1,762	1,737	1,646	1,611	1,604	1,437	1,451	1,518	1,700	1,647	1,648	1,941
Capital employed
Capital employed	EUR million	585	697	700	581	n/a	518	572	585	679	709	714	697	721	744	740	700	587	535	578	581	585	670
Personnel**
Personnel	headcount	2,632	2,549	2,479	2,496	2,250	2,964	2,812	2,632	2,519	2,702	2,568	2,549	2,562	2,727	2,548	2,479	3,442	3,690	3,342	3,273	3,223	3,426
** At the end of reporting period
Residential construction in Finland
Started for consumers	units	2,654	2,359	1,594	2,394	949	814	447	444	510	644	660	545	236	436	438	484	568	656	539	631	382	546
Started for investors	units	1,139	2,139	1,528	1,667	144	404	243	348	353	993	247	546	428	363	198	539	267	583	390	427	263	422
Started total	units	3,793	4,498	3,122	4,061	1,093	1,218	690	792	863	1,637	907	1,091	664	799	636	1,023	835	1,239	929	1,058	645	968
Completed for consumers	units	3,657	2,908	2,579	2,061	835	731	960	1,131	858	1,076	387	587	471	592	470	1,046	436	688	157	780	179	376
Completed for investors	units	853	1,374	1,677	1,721	137	185	367	164	222	319	194	639	161	367	607	542	306	596	366	453	259	476
Completed total	units	4,510	4,282	4,256	3,782	972	916	1,327	1,295	1,080	1,395	581	1,226	632	959	1,077	1,588	742	1,284	523	1,233	438	852
Sold to consumers	units	2,183	2,127	2,116	2,358	694	542	480	467	433	401	584	728	469	354	527	766	665	548	565	580	420	235
Sold to investors	units	1,319	2,845	1,528	1,667	182	476	313	348	939	1,080	261	546	428	363	198	539	267	583	390	427	263	422
Sold total	units	3,502	4,972	3,644	4,025	876	1,018	793	815	1,372	1,481	845	1,274	897	717	725	1,305	932	1,131	955	1,007	683	657
Under construction for consumers	units	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	3,033	2,877	2,845	2,283	2,390	2,418	2,680	2,626	2,829	3,059
Under construction for investors	units	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2,517	2,513	2,104	2,101	2,062	2,049	2,073	2,051	2,074	2,020
Under construction at end of period total	units	5,302	5,518	4,384	4,677	6,140	6,442	5,920	5,302	5,085	5,327	5,653	5,518	5,550	5,390	4,949	4,384	4,452	4,467	4,753	4,677	4,903	5,079
of which sold	%	56	63	60	61	60	59	58	56	60	63	63	63	56	61	58	60	52	63	56	61	67	61
For sale at end of period	units	2,777	2,304	1,782	1,816	2,708	2,903	2,800	2,777	2,269	2,425	2,091	2,304	2,071	2,153	2,064	1,782	1,639	1,747	1,702	1,816	1,778	2,145
of which completed	units	422	252	402	207	251	267	337	422	216	447	396	252	384	386	413	402	389	297	200	207	154	180
Plot reserve in balance sheet at end of period	EUR million	222	311	283	255	288	261	255	222	203	308	301	311	308	306	303	283	273	274	277	255	279	252
Plot reserve at end of period, leased	EUR million	n/a	179	125	98	n/a	n/a	n/a	n/a	124	117	111	117	126	128	131	125	107	103	107	98	99	91
Plot reserve at end of period***	floor m2	2,226,000	1,911,000	1,991,000	1,630,000	1,810,700	2,390,000	2,346,000	2,226,000	2,218,000	1,839,000	1,880,000	1,911,000	1,912,000	1,916,000	1,924,000	1,991,000	2,044,000	1,973,000	1,612,000	1,630,000	1,431,000	1,456,000
*** Reporting methodology specified in Q3/2020 and therefore the figures are not fully comparable. In addition, from Q3/2021 onwards the figures do not include plots in the development stage and therefore the figures are not fully comparable.
Residential construction in the CEE countries
Started for consumers	units	1,453	1,919	663	1,315	449	282	150	572	319	345	590	665	64	90	258	251	190	397	519	209	242	516
Started for investors	units	113	0	935	987	113	98	740	97	84	242	577	84	0	195
Started total	units	1,566	1,919	1,598	2,302	449	395	150	572	319	345	590	665	162	90	998	348	274	639	1,096	293	242	711
Completed for consumers	units	1,427	1,740	1,654	1,181	162	499	123	643	0	307	260	1,173	218	38	404	994	29	137	394	621	158	148
Completed for investors	units	279	98	181	0	98
Completed total	units	1,427	1,740	1,654	1,460	162	499	123	643	0	307	260	1,173	218	38	404	994	29	137	492	802	158	246
Sold to consumers	units	950	1,088	1,024	1,790	172	245	241	292	259	236	249	344	276	148	266	334	523	523	363	381	270	285
Sold to investors	units	254	196	481	1,253	0	113	0	141	98	0	0	98	98	10	368	5	100	588	565	209	195
Sold total	units	1,204	1,284	1,505	3,043	172	358	241	433	357	236	249	442	374	158	634	339	523	623	951	946	479	480
Under construction at end of period	units	2,440	2,912	2,637	3,763	2,771	2,623	2,650	2,440	2,705	2,810	3,100	2,912	2,245	2,769	3,283	2,637	2,905	3,363	3,884	3,763	3,591	4,136
of which sold	%	47	37	33	65	53	53	56	47	52	49	44	37	51	44	45	33	40	47	53	65	69	66
For sale at end of period	units	1,436	2,085	2,089	1,454	1,411	1,396	1,301	1,436	1,382	1,494	1,852	2,085	1,329	1,796	2,100	2,089	1,859	1,833	1,895	1,454	1,158	1,448
of which completed	units	130	264	334	114	113	167	122	130	73	64	111	264	240	235	306	334	122	51	69	114	60	24
Plot reserve in balance sheet at end of period	EUR million	112	183	175	176	124	119	119	112	130	174	185	183	178	181	179	175	180	184	174	176	195	207
Plot reserve at end of period, leased	EUR million	n/a	1	2	1	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1	1	1	2	2	2	1	1	1	1	1
Plot reserve at end of period***	floor m2	474,000	638,000	739,000	733,000	633,900	507,500	348,000	474,000	534,700	674,000	679,000	638,000	638,000	622,000	740,000	739,000	738,000	713,000	753,000	733,000	742,000	689,000
Estimated completions of consumer apartment projects under construction (Q2/2022)
Actual	Actual	Estimate	Actual	Actual	Estimate	Estimate	Estimate	Estimate
2020	2021	2022	Q1/2022	Q2/2022	Q3/2022	Q4/2022	Q1/2023	Q2/2023
Finland	units	2,579	2,061	2,050	179	376	400	1,100	150	400
CEE countries	units	1,654	1,181	1,050	158	148	300	450	200	100

&G

Business Premises

Key financial figures
From the first quarter of 2022 onwards, YIT has four reportable segments: Housing, Business Premises, Infrastructure and Property Development. YIT restated financial information for comparative period 2021 reflecting an operating model change, where certain operations and functions were transferred between reportable segments.
Business Premises
Full year	Per quarter
Figures concern continuing operations unless otherwise stated	2018	2019	2020	2021	Q1/2018	Q2/2018	Q3/2018	Q4/2018	Q1/2019	Q2/2019	Q3/2019	Q4/2019	Q1/2020	Q2/2020	Q3/2020	Q4/2020	Q1/2021	Q2/2021	Q3/2021	Q4/2021	Q1/2022	Q2/2022
Result	Pro forma	Pro forma	Pro forma	Pro forma	Pro forma
Revenue	EUR million	1,045	1,177	761	787	183	212	211	439	239	247	252	439	209	188	178	185	151	171	199	265	165	221
Operating profit	EUR million	67	-7	-46	8	-2	5	9	56	5	5	-7	-10	-12	-14	-19	0	-3	0	8	4	1	9
Operating profit margin	%	6.4	-0.6	-6.0	1.1	-1.2	2.3	4.1	12.8	2.1	2.1	-2.7	-2.4	-5.9	-7.5	-10.8	-0.1	-2.1	-0.2	4.0	1.5	0.6	4.2
Adjusted operating profit	EUR million	68	-7	-44	11	-2	5	9	56	5	5	-7	-10	-12	-14	-19	1	-1	-1	8	5	1	11
Adjusted operating profit margin	%	6.5	-0.6	-5.8	1.4	-1.2	2.5	4.1	12.8	2.1	2.1	-2.7	-2.4	-5.8	-7.5	-10.8	0.6	-0.9	-0.7	4.3	2.0	0.6	5.0
Order book
Order book	EUR million	1,327	897	745	919	1,250	1,589	1,631	1,327	1,230	1,286	1,261	897	913	797	787	745	931	968	960	919	859	871
Capital employed
Capital employed	EUR million	38	65	-44	-92	n/a	104	125	38	66	77	106	65	91	-5	-21	-44	-24	-39	-33	-92	-65	-75
Personnel**
Personnel	headcount	1,177	1,232	958	950	1,709	1,295	1,109	1,177	1,195	1,288	1,273	1,232	1,168	1,080	1,003	958	489	523	508	483	477	532
** At the end of reporting period. Figures before Q1/2021 are not restated to reflect operating model change and therefore are not fully comparable.
Business Premises plot reserve
Plot reserve in balance sheet at end of period	EUR million	84	93	86	42	97	97	101	84	79	91	97	93	107	66	58	56	56	55	52	42	35	33
Plot reserve at end of period, leased	EUR million	n/a	4	4	4	n/a	n/a	n/a	n/a	3	3	3	3	3	3	3	4	3	3	4	4	4	4
Plot reserve at end of period***	floor m2	741,877	821,000	391,000	465,000	720,200	718,900	629,260	741,877	690,000	862,000	842,000	821,000	822,000	409,000	430,000	391,000	252,000	235,000	265,000	276,000	261,000	312,000
*** Reporting methodology specified in Q3/2020 and therefore the figures are not fully comparable. In addition, from Q3/2021 onwards the figures do not include plots in the development stage and therefore the figures are not fully comparable. Figures before Q1/2021 are not restated to reflect operating model change and therefore are not fully comparable.

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Infrastructure

Key financial figures
From the first quarter of 2022 onwards, YIT has four reportable segments: Housing, Business Premises, Infrastructure and Property Development. YIT restated financial information for comparative period 2021 reflecting an operating model change, where certain operations and functions were transferred between reportable segments.
Infrastructure
Full year	Per quarter
Figures concern continuing operations unless otherwise stated	2018	2019	2020	2021	Q1/2018	Q2/2018	Q3/2018	Q4/2018	Q1/2019	Q2/2019	Q3/2019	Q4/2019	Q1/2020	Q2/2020	Q3/2020	Q4/2020	Q1/2021	Q2/2021	Q3/2021	Q4/2021	Q1/2022	Q2/2022
Result	Pro forma	Pro forma	Pro forma	Pro forma	Pro forma
Revenue	EUR million	717	807	791	544	94	176	215	205	141	193	250	223	173	201	212	205	133	143	128	140	128	132
Operating profit	EUR million	-7	14	-1	-59	-9	-1	6	-1	-6	3	12	6	-3	4	-2	0	-4	-14	-7	-35	2	2
Operating profit margin	%	-1.0	1.8	-0.1	-10.8	-9.2	-0.6	2.7	-0.5	-4.0	1.5	4.6	2.6	-1.5	1.9	-1.0	0.2	-2.7	-9.5	-5.6	-24.8	1.6	1.5
Adjusted operating profit	EUR million	-7	15	13	-39	-9	-1	6	-1	-6	3	12	6	-3	4	10	2	-1	-13	0	-26	2	2
Adjusted operating profit margin	%	-0.9	1.9	1.6	-7.2	-9.2	-0.5	2.7	-0.3	-4.0	1.5	4.6	2.8	-1.5	1.8	4.6	0.9	-0.6	-8.8	0.2	-18.4	1.3	1.3
Order book
Order book	EUR million	861	1,128	829.0	910.0	672	929	952	861	1,036	1,270	1,313	1,128	1,037	1,091	910	829	751	796	795	910	876	891
Capital employed
Capital employed	EUR million	77	52	48.0	-19.0	n/a	72	93	77	83	78	90	52	57	74	89	48	49	37	37	-19	-5	22
Personnel**
Personnel	headcount	1,969	2,017	1,792	1,431	1,975	2,241	2,119	1,969	1,955	2,202	2,167	2,017	1,966	2,072	1,952	1,792	1,076	1,181	1,126	1,065	1,016	1,087
** At the end of reporting period. Figures before Q1/2021 are not restated to reflect operating model change and therefore are not fully comparable.

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Property Development

Key financial figures
From the first quarter of 2022 onwards, YIT has four reportable segments: Housing, Business Premises, Infrastructure and Property Development. YIT restated financial information for comparative period 2021 reflecting an operating model change, where certain operations and functions were transferred between reportable segments.
Property Development
Full year	Per quarter
Figures concern continuing operations unless otherwise stated	2018	2019	2020	2021	Q1/2018	Q2/2018	Q3/2018	Q4/2018	Q1/2019	Q2/2019	Q3/2019	Q4/2019	Q1/2020	Q2/2020	Q3/2020	Q4/2020	Q1/2021	Q2/2021	Q3/2021	Q4/2021	Q1/2022	Q2/2022
Result	Pro forma	Pro forma	Pro forma	Pro forma	Pro forma
Revenue	EUR million	0	17	91	0	0	2	2	13	4	9	11	67	21	13
Operating profit	EUR million	27	83	5	17	0	-1	0	28	-2	0	3	81	14	1	5	-15	2	1	-8	22	1	1
Adjusted operating profit	EUR million	27	83	5	18	0	-1	0	28	-2	0	3	81	14	1	5	-15	2	1	-8	22	1	1
Order book
Order book	EUR million	n/a	n/a	323	371	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	286	305	323	373	371	431	371	373	364
Capital employed
Capital employed	EUR million	145	254	331	387	n/a	143	149	145	150	150	170	254	256	300	306	331	360	378	353	387	385	384
Personnel**
Personnel	headcount	2	4	90	99	2	2	2	2	2	3	3	4	4	89	86	90	103	113	112	107	95	93
** At the end of reporting period. Figures before Q1/2021 are not restated to reflect operating model change and therefore are not fully comparable.
Property Development plot reserve
Plot reserve in balance sheet at end of period	EUR million	n/a	n/a	68	92	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	43	70	68	71	73	71	92	97	90
Plot reserve at end of period, leased	EUR million	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Plot reserve at end of period***	floor m2	n/a	n/a	391,000	293,000	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	359,000	366,000	391,000	541,000	539,000	440,000	482,000	504,000	535,000
*** Reporting methodology specified in Q3/2020 and therefore the figures are not fully comparable. In addition, from Q3/2021 onwards the figures do not include plots in the development stage and therefore the figures are not fully comparable. Figures before Q1/2021 are not restated to reflect operating model change and therefore are not fully comparable.

&G

Definitions of key figures

Key financial figures
Definition of key figures
Key figure	Definition	Reason for use
Operating profit	Result for the period before taxes and finance expenses and finance income equalling to the subtotal presented in the consolidated income statement.	Operating profit shows result generated by operating activities excluding finance and tax related items.
Adjusted operating profit	Operating profit excluding adjusting items.	Adjusted operating profit is presented in addition to operating profit to reflect the underlying core business performance and to enhance comparability from period to period. Management believes that this alternative performance measure provides meaningful supplemental information by excluding items not part of YIT's core business operations thus improving comparability from period to period.
Adjusting items	Adjusting items are material items outside ordinary course of business such as write-down of inventories, impairment of goodwill, fair value changes related to redemption liability of non-controlling interests, integration costs related to merger, transaction costs related to merger, costs, compensations and reimbursements related to court proceedings, write-downs related to non-core businesses, operating profit from businesses to be closed down, gains or losses arising from the divestments of a business or part of a business, costs on the basis of statutory personnel negotiations and adaption measures, and cost impacts of the fair value adjustments from purchase price allocation, such as fair value adjustments on acquired inventory, depreciation of fair value adjustments on acquired property, plant and equipment and amortisation of fair value adjustments on acquired intangible assets relating to business combination accounting under the provisions of IFRS 3, referred to as purchase price allocation ("PPA").
Capital employed	Capital employed includes tangible and intangible assets, shares in associates and joint ventures, investments, inventories, trade receivables and other non-interest-bearing receivables total less provisions, advances received related to contract liabilites, other contract liabilities and other non-interest-bearing debts excluding items related to taxes, finance items and profit distribution.	Capital employed presents capital employed of segment's operative business.
Interest-bearing debt	Non-current borrowings, current borrowings and non-current and current lease liabilities.	Interest-bearing debt is a key figure to measure YIT's total debt financing.
Net interest-bearing debt	Interest-bearing debt less cash and cash equivalents and interest-bearing receivables.	Net interest-bearing debt is an indicator to measure YIT's net debt financing.
Equity ratio, %	Equity total / total assets less advances received related to contract liabilities and other contract liabilities.	Equity ratio is a key figure to measure the relative proportion of equity used to finance YIT's assets.
Gearing ratio, %	Interest-bearing debt less cash and cash equivalents and interest-bearing receivables/ total equity	Gearing ratio is one of YIT's key long-term financial targets. It helps to understand how much debt YIT is using to finance its assets relative to the value of its equity.
Return on equity, %	Result for the period, 12 months rolling / equity total average.	Key figure describes YIT's relative profitability.
Return on capital employed, segments total (ROCE), %, rolling 12 months	Rolling 12 months adjusted operating profit/capital employed, segments total average.	Return on capital employed, % is one of YIT's key long-term financial targets. Key figure describes segment's relative profitability, in other words, the profit received from capital employed.
Operating cash flow after investments	Operating cash flow presented in cash flow statement after investments.
Gross capital expenditures	Investments in tangible and intangible assets.
Equity per share	Equity total divided by number of outstanding shares at the end of the period.
Net debt / adjusted EBITDA, rolling 12 months	Net interest-bearing debt/rolling 12 months adjusted operating profit before depreciations and amortisations added	Net debt to adjusted EBITDA gives investor information on ability to service debt.
Interest cover ratio	Adjusted operating profit before depreciations and amortisations / Net finance costs - net exchange currency differences, rolling 12 months	Interest cover ratio gives investors information on YIT's ability to service debt
Market capitalisation	(Number of shares - treasury shares) multiplied by share price on the closing date by share series.
Average share price	EUR value of shares traded during period divided by number of shares traded during period.