SRV

SRV Annual Report 2016

Values

SUSTAINABILITY, ENTHUSIASM AT WORK, COURAGE IN DEVELOPMENT, RESULT DRIVEN, OPEN COLLABORATION

Mission

SRV’S TASK IS TO IMPROVE QUALITY OF LIFE THROUGH SUSTAINABLE SOLUTIONS FOR THE BUILT ENVIRONMENT

Vision

SRV CREATES THE BEST CUSTOMER EXPERIENCE AS A CONSTRUCTOR OF URBAN CITY CENTRES

 

SRV AS A COMPANY

SRV is a leader in the development of innovative construction projects. We seek to provide the best customer experience as a builder of urban city centres and to be the industry’s most inspiring workplace. Genuine cooperation and enthusiasm is visible in every encounter with us. A listed company founded in 1987, we operate in selected growth centres in Finland, Russia and in Estonia. Our revenue in 2016 was EUR 884 million. SRV has just over 1,000 employees, and a network of nearly 4,000 subcontractors also work in our projects.

 

2016 IN KEY FIGURES

Operating profit (EUR million)


Change from 2015: 13.2%

Order backlog (EUR million)


Change from 2015: 11.1%

Personnel (persons)


Change from 2015: approx. 8%

Revenue by Operations 2016 (%)


Operations in Finland, 94%
International Operations, 6%

0

2016 Revenue (EUR million)

2016
15.2.

SRV to develop Tampere’s Central Deck and Arena project

18.2.

Aalto University’s new campus building and a metro centre to Otaniemi

3.6.

SRV confirmed its role to build Central Finland´s hospital Nova

27.8.

The Okhta Mall shopping centre opened its doors in St Petersburg

29.12.

The centre of Kerava is changing

2017
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REVIEW BY THE CEO

In 2016, we recorded net sales of over EUR 800 million for the first time in our history. Despite the major increase in net sales, our primary target is to improve profitability in accordance with our strategic targets.

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SUSTAINABILITY IN FIGURES

Construction waste1
(1,000 tonnes)


Characteristic waste volume per construction type2

(kg/rm3)


Sorting degree per construction type2
(%)


Waste utilisation rate1
(%)


0  0

27,391 WORKERS AND 4,297 CONTRACTORS WORKED ON SRV’S CONSTRUCTION SITES IN 2016.

1 Domestic worksites. Reported amounts do not include demolition waste or soil excavation waste.
2 Domestic worksites, average of projects completed during 2016. Reported amounts do not include demolition waste or soil excavation waste.

OUR BUSINESSES

We aim to develop and build premises and homes where people enjoy living, working, passing through or spending time. Our strengths are long-term development work and a comprehensive understanding of customers’ needs – things that SRV has done for nearly 30 years.

Business in Finland accounts for the lion’s share of our revenue: more than 94 per cent.

Our business areas are in growth centers both in Finland and in Russia. In Finland, we build homes, business premises, infrastructure and entire areas. We are one of Finland’s largest builders of homes in Greater Helsinki. There are more than 2,000 new homes under construction, most of which are in Helsinki Metropolitan Area. We are also currently building several hospitals, creating a new urban district called REDI at Kalasatama, Helsinki,  and relocating Ring Road I within a covered tunnel at Keilaniemi, Espoo. Business in Finland accounts for the lion’s share of our revenue: more than 94 per cent. We also build and operate shopping centres in St Petersburg and Moscow.

Putting together a top team

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Thousands of homes along the Western Metro line

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REDI already exists – as a 3D model

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Implementing Finland’s largest hospital projects

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SRV’s reputation good – responsibility most in need of development

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Site induction training for over 40,000 workers in 2016

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Network Register increases construction site transparency

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CORPORATE GOVERNANCE

SRV’s corporate governance is based on Finnish legislation, SRV’s Articles of Association and the Corporate Governance Code (2015) for Finnish listed companies. SRV’s shares are listed on the Nasdaq Helsinki exchange, and the company complies with the rules and regulations applying to listed companies as issued by the exchange and by the Finnish Financial Supervisory Authority.

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ANNUAL REVIEW AND FINANCIAL STATEMENTS

Download SRV’s Annual Review and Financial Statements below.

DOWNLOAD ANNUAL REVIEW DOWNLOAD FINANCIAL STATEMENTS