SRV1VNasdaq HelsinkiEngineering & ConstructionIFRS · EUR

SRV Yhtiöt Oyj

SRV Yhtiöt Oyj is a Finnish construction company headquartered in Espoo, Finland. It specializes in commercial and infrastructure construction, as well as residential building projects. The company is recognized for its strong market position in public sector collaborative contracting and lifecycle projects. SRV has also ventured into data center construction, exemplified by the LUMI AI Factory in Kajaani. Despite challenging market conditions, SRV has maintained stable revenue and is focused on sustainable and lifecycle-wise construction practices.

Revenue706m EUR
−5.4 %y/y
Operating profit (EBIT)27.5m EUR
+129.8 %y/y
EBIT margin3.9%
+2.3 ppy/y
Net income15.5m EUR
+193.9 %y/y
Free cash flow19.7m EUR
+985.7 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-25002505007501,000m EUR2021: 933 m EUR2021: EBIT -1.7 m EUR20212022: 770 m EUR2022: EBIT -76 m EUR20222023: 610 m EUR2023: EBIT -6.8 m EUR20232024: 746 m EUR2024: EBIT 12 m EUR20242025: 706 m EUR2025: EBIT 28 m EUR2025TTM 2026: 575 m EURTTM 2026: EBIT 26 m EURTTM57526
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Commercial and Infrastructure Construction93 %

Includes office buildings, public infrastructure, and industrial facilities.

Residential Construction7 %

Involves building residential properties for consumers and investors.

Customers

SRV's customer base includes public sector entities, private investors, and residential buyers. The company is particularly strong in collaborative projects with the public sector, which often involve long-term lifecycle management. Private investors are attracted to SRV's expertise in developing commercial properties and infrastructure. Residential buyers benefit from SRV's focus on sustainable and lifecycle-wise construction practices. The company's strategic focus on customer-centric project development aims to enhance value for all stakeholders.

Public Sector

Engages in collaborative contracting and lifecycle projects.

Private Investors

Invest in commercial and infrastructure developments.

Residential Buyers

Purchase sustainable and lifecycle-wise homes.

Strategy

SRV aims to be sustainably profitable by optimizing its business portfolio and enhancing its market position in collaborative contracting. The company seeks to increase the share of residential construction in its revenue mix to 30-40%. SRV focuses on developing lifecycle-wise environments and customer-centric projects to drive growth. Strategic priorities include risk management and capitalizing on market opportunities to ensure long-term financial stability.

Optimize business portfolioMedium term

To ensure sustainable profitability

Enhance collaborative contractingShort term

Strengthen market position

Geography

SRV operates primarily in Finland, with its headquarters located in Espoo. The company has a significant presence in major Finnish cities, including Tampere and Kajaani, where it undertakes large-scale projects like the LUMI AI Factory. SRV's geographic focus allows it to leverage local expertise and maintain strong relationships with regional stakeholders. The company's operations are influenced by Finland's regulatory environment and economic conditions, impacting project timelines and financial performance.

Risks

SRV faces risks related to fluctuating consumer demand and investor interest in residential and commercial properties. Geopolitical tensions and sudden changes in trade policies can increase market uncertainty. The company also contends with project management risks and the potential for delays or cancellations due to economic conditions. Effective risk management and strategic planning are crucial to mitigating these challenges and ensuring financial stability.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Fluctuating consumer demand1Geopolitical tensions2
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Fluctuating consumer demandImpact: HighLikelihood: High

    Affects residential and commercial property sales

  2. Geopolitical tensionsImpact: MediumLikelihood: High

    Increase market uncertainty

Accounting

Judgemental items
Revenue recognition timing

Impacts how revenue is recorded over project duration

Impact: high

Seasonal fluctuations

Affect quarterly revenue and profitability

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

SRV Yhtiöt Oyj (SRV1V) Revenue, Earnings & Financials 2025 – Clarifo