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SRV Yhtiot Oyj (SRV1V.HE)

SRV1V.HE on Helsinki Stock Exchange

4.61EUR
24 Feb 2017
Change (% chg)

€-0.05 (-1.07%)
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€4.66
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€4.59
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Latest Key Developments (Source: Significant Developments)

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

SRV to build new hospital in Central Finland
Wednesday, 1 Feb 2017 10:00am EST 

SRV Yhtiot Oyj : SRV to build completely new hospital in Central Finland – foundation stone laid in Jyväskylä . Total construction value of new hospital in Finland is around 300 million euros ($322 million) .When it opens in 2020, Central Finland Hospital Nova will replace all of functions of present central hospital.  Full Article

SRV to implement Kerava town centre block for Etera
Thursday, 29 Dec 2016 07:00am EST 

SRV Yhtiot Oyj : To implement Kerava town centre block for Etera . Total value of deal, consisting of Karuselli shopping centre, housing units and joint parking facility, is over 50 million euros ($52.27 million) . Will sell to Etera Mutual Pension Insurance Company new complex in Aleksintori block to be implemented in Kerava town centre .Karuselli shopping centre will be completed in late 2018 and housing units in late 2018/early 2019.  Full Article

SRV Yhtiöt to receive EUR 1 mln following dispute with Kiinteistö Oy AW 6
Thursday, 1 Dec 2016 01:12am EST 

SRV Yhtiöt Oyj : Said on Wednesday Kiinteistö Oy Abraham Wetterintie 6 (AW6) had been ordered to pay SRV Rakennus Oy 1.009 million euros ($1.07 million) . AW 6 will be required to pay SRV unpaid payments of the contract price and additional and modification works approved by the client added with penalty interest . Said shall examine the content of the decision and thereafter shall decide on whether to appeal to the court of appeal .Said this decision will have no impact on the outlook for 2016.  Full Article

SRV Yhtiot Q3 operating profit up at EUR 7.3 million
Thursday, 3 Nov 2016 02:30am EDT 

SRV Yhtiot Oyj : Q3 revenue 193.1 million euros ($214.69 million) versus 155.1 million euros year ago . Q3 operating profit 7.3 million euros versus 4.1 million euros year ago .Earnings forecast unchanged.  Full Article

SRV Yhtiot Q2 operating profit up at EUR 4.1 million
Thursday, 21 Jul 2016 01:30am EDT 

SRV Yhtiot Oyj : Q2 operating profit 4.1 million euros ($4.5 million) versus 0.8 million euros year ago . Q2 revenue 218.5 million euros versus 164.5 million euros year ago . End-Q2 order backlog 2.02 billion euros versus 1.26 billion euros year ago . Outlook for earnings in 2016 remains unchanged . FY revenue is expected to grow and operating profit to improve compared with 2015 .Says significant proportion of company's operating profit will be made in H2.  Full Article

SRV Yhtiot wins over EUR 100 million contractor agreement
Thursday, 30 Jun 2016 03:30am EDT 

SRV Yhtiot Oyj : Wins over 100 million euro ($111.09 million) contractor agreement for expansion of centre of Tapiola . Contract will increase value of SRV's order backlog to about 2 billion euros . In Ainoa's third and final construction phase, new business building will be built in central Tapiola, complemented by two new blocks of Kirjokansi flats .SRV is also in charge of Merituulentie's connecting bus terminal under Ainoa shopping centre.  Full Article

SRV Yhtiot signs Ring Road I tunnelling contract
Thursday, 9 Jun 2016 07:31am EDT 

SRV Yhtiot Oyj : Signs contractor agreement for Ring Road I tunnel project . Total value of contract is about 50 million euros ($56.69 million) . Tunnelling project will be implemented in two stages, first of which is due to take place in 2016-2018 .City of Espoo has decided to sell two residential plots at Keilaniemi to SRV.  Full Article

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