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SRV Yhtiot Oyj (SRV1V.HE)

SRV1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SRV Group downgrades outlook on weakened rouble exchange
Thursday, 20 Jul 2017 01:00am EDT 

July 20 (Reuters) - SRV YHTIOT OYJ :SRV GROUP PLC CHANGES ITS GUIDANCE AND SPECIFIES THE OUTLOOK FOR 2017.NEW OUTLOOK: FULL-YEAR CONSOLIDATED REVENUE FOR 2017 IS EXPECTED TO GROW COMPARED WITH 2016 (REVENUE EUR 884 MILLION).‍IF ROUBLE EXCHANGE RATE REMAINS AT LEVEL PREVAILING END OF Q2 2017, OPERATING PROFIT IS EXPECTED TO WEAKEN, BUT OPERATIVE OPERATING PROFIT TO IMPROVE​.A PROFITABILITY LEVEL IN ACCORDANCE WITH STRATEGY WILL NOT BE ATTAINED, HOWEVER, UNTIL END OF STRATEGY PERIOD 2019-2020.  Full Article

SRV to participate in expansion of Helsinki Airport and renovation of Terminal 2
Tuesday, 27 Jun 2017 06:00am EDT 

June 27 (Reuters) - SRV YHTIOT OYJ ::SRV TO PARTICIPATE IN THE EXPANSION OF THE HELSINKI AIRPORT AND RENOVATION OF TERMINAL 2 .‍HAS BEEN SELECTED TO PARTICIPATE IN AN ALLIANCE PROJECT TO CARRY OUT ALTERATION WORKS IN TERMINAL 2 AT HELSINKI AIRPORT​.‍PLANS WILL BE IMPLEMENTED IF FINAVIA DECIDES TO GO AHEAD WITH INVESTMENT.​.  Full Article

Srv Yhtiot to build hospital in Helsinki with target budget of EUR 230 million
Wednesday, 24 May 2017 02:53am EDT 

May 24 (Reuters) - SRV YHTIOT OYJ ::HOSPITAL DISTRICT OF HELSINKI AND UUSIMAA HUS HAS SELECTED SRV TO IMPLEMENT SILTASAIRAALA HOSPITAL, LARGEST CONSTRUCTION PROJECT IN ITS HISTORY..TARGET BUDGET OF SILTASAIRAALA HOSPITAL, WITH RESPECT TO SRV, IS EUR 230 MILLION.PROJECT WILL BE LAUNCHED IMMEDIATELY IN JUNE WITH A DEVELOPMENT PHASE THAT WILL RUN TO END OF YEAR.ACTUAL CONSTRUCTION WORK OF HOSPITAL WILL BEGIN IN EARLY 2018, AT WHICH TIME PROJECT WILL BE ENTERED IN SRV'S ORDER BACKLOG.CONSTRUCTION IS SCHEDULED TO BE COMPLETED BY END OF 2022.  Full Article

SRV signs a an agreement with the City of Tampere
Thursday, 11 May 2017 03:14am EDT 

May 11 (Reuters) - SRV YHTIOT OYJ :CONDITIONAL SHAREHOLDERS’ AGREEMENT BETWEEN INVESTOR GROUP AND THE CITY OF TAMPERE FOR THE IMPLEMENTATION OF SRV’S CENTRAL DECK AND ARENA PROJECT.A FINAL DECISION ON INVESTMENT IS EXPECTED SOMETIME DURING 2017..  Full Article

SRV Yhtiöt Q1 operating profit EUR 7.3 mln, beats estimates
Thursday, 27 Apr 2017 01:30am EDT 

April 27 (Reuters) - SRV YHTIOT OYJ :Q1 REVENUE EUR 223.7 MILLION (REUTERS POLL: EUR 187 MILLION).Q1 OPERATING PROFIT EUR 7.3 MILLION (REUTERS POLL: EUR 3.7 MILLION).FULL-YEAR CONSOLIDATED REVENUE FOR 2017 IS EXPECTED TO INCREASE AND OPERATING PROFIT TO IMPROVE ON 2016 (REVENUE EUR 884 MILLION AND OPERATING PROFIT EUR 27.7 MILLION).ALTHOUGH DEVELOPER-CONTRACTED HOUSING WILL BE COMPLETED ON A STEADIER SCHEDULE THAN IN 2016, A SIGNIFICANT PART OF OPERATING PROFIT WILL STILL BE MADE IN SECOND HALF OF YEAR.  Full Article

SRV Yhtiöt: half of business premises at REDI shopping centre leased
Thursday, 23 Mar 2017 08:34am EDT 

SRV Yhtiot Oyj : Half of business premises at REDI shopping centre have been leased .In addition, lease negotiations are currently under way on all of remaining business premises.  Full Article

SRV buys parcel of land, continues development of Lapinmäentie project
Monday, 13 Mar 2017 05:00am EDT 

SRV Yhtiot Oyj : Says continues development of Lapinmäentie project in Munkkivuori, Helsinki . Purchases parcel of land at property located at address Lapinmäentie 1 from Pohj Landlord .Says will also lease from OP Tonttirahasto Ky on long-term lease agreement parcels acquired by OP Tonttirahasto Ky in same context.  Full Article

SRV renovates premises for Lahti University of Applied Sciences
Monday, 20 Feb 2017 03:03am EST 

SRV Yhtiot Oyj : Renovates premises for the Lahti University of Applied Sciences .Renovation is already underway, and LAMK will move to new premises in autumn 2018.  Full Article

SRV Yhtiot Q4 operating profit down at EUR 16.2 million
Thursday, 2 Feb 2017 06:00am EST 

SRV Yhtiot Oyj : Srv's financial statement release, January–December 2016: revenue, operating profit and order backlog grow . Q4 revenue 328.7 million euros ($355.32 million) versus 226.6 million euros year ago . Q4 operating profit 16.2 million euros versus 17.0 million euros year ago . End-Q4 order backlog 1.76 billion euros versus 1.58 billion euros year ago . Sees full-year consolidated revenue for 2017 to increase and operating profit to improve on 2016 . Sees developer-contracted housing will be completed on a steadier schedule than in 2016, but a significant part of operating profit will still be made in second half of year .Says accounting change will make SRV more susceptible to fluctuations in rouble exchange rate and may impact on full-year operating profit.  Full Article

SRV to construct rental housing units for LocalTapiola
Thursday, 2 Feb 2017 05:59am EST 

SRV Yhtiot Oyj : Says will construct 528 rental housing units for LocalTapiola in the Helsinki Metropolitan area, Turku and Jyväskylä . Framework agreement is of about 100 million euros ($108.10 million) .All buildings will be completed during 2018 and 2019.  Full Article

BRIEF-SRV to participate in expansion of Helsinki Airport and renovation of Terminal 2

* SRV TO PARTICIPATE IN THE EXPANSION OF THE HELSINKI AIRPORT AND RENOVATION OF TERMINAL 2