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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 Yhtiöt: half of business premises at REDI shopping centre leased
8:34am 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

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

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