Outlook

Outlook

Outlook for 2022

During 2022, SRV’s revenue and result will be affected by several factors in addition to general economic trends, such as: the timing and amount of income recognition for SRV’s own projects, which are recognised as income upon delivery; the margin of the order backlog and its development; the start-up of new contracts and development projects; the war that Russia started against Ukraine, including its related direct and indirect effects, such as material costs and the availability of materials and labour; and changes in demand. The impacts of the coronavirus pandemic have been moderate on the whole, but its effects on the construction market remain unclear and cause uncertainty regarding the outlook for the future. Revenue in 2022 will mainly be generated by cooperative contracting and development projects sold to investors. In 2022, the share of revenue accounted for by developer-contracted housing production will remain relatively small.

    • Consolidated revenue for 2022 is expected to amount to EUR 800–860 million (earlier outlook: EUR 800–950 million) (revenue in 2021: EUR 932.6 million).
    • Operative operating profit is expected to improve on 2021 and to be EUR 15–25 million (earlier outlook: Operative operating profit is expected to improve on 2021) (operative operating profit in 2021: EUR 5.3 million).