SRV Yhtiöt Oyj provided consolidated earnings guidance for full-year 2023. Consolidated revenue for 2023 is expected to decrease compared with 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 the year, the order backlog will focus strongly on cooperative contracting, which involves fewer risks but lower margins, due to which the share of earnings in 2023 is expected to be generated in the latter part of the year, especially in the fourth quarter. In 2023, the share of revenue accounted for by developer-contracted housing production will remain small.