YIT Oyj
Ticker/ISIN
YIT
FI0009800643
Marknad/Land
Main Market, Helsinki
Sweden
Senaste aktiekurs
1.61 SEK
2024-03-06
Hittills i år
-0.19 %
3 månader
-0.18 %
6 månader
-0.06 %
1 år
-0.27 %
3 år
-0.66 %
5 år
-0.70 %
YIT leads the way in construction field by creating more attractive and sustainable urban environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. YIT builds housing, business premises and infrastructure, develops entire areas, and offers residential service concepts for consumers. YIT has over 100 years of experience and a strong market position: it is the largest residential construction company in Finland and the most significant foreign residential construction company in Russia. YIT is also one of the largest business premises and infrastructure construction companies in Finland. YIT has more than 6,000 employees in seven countries. In 2012, the company’s revenue was approximately EUR 2.0 billion. YIT’s shares are listed on NASDAQ OMX Helsinki.
Senaste sammanfattade pressmeddelande
YIT Corporation announced that it has signed a contract with Senate Properties for the renovation and alteration of the K2 city block in central Helsinki, which houses government activities. The project involves several protected buildings within the Government Quarter and covers approximately 15,000 gross square meters, including earthworks and blasting. The contract is valued at around EUR 40 million and will be recorded in YIT's order book for the fourth quarter of the year. Work is set to begin at the end of 2024 and is expected to be completed by the end of 2026. The renovation aims to improve safety, energy efficiency, and accessibility, with modifiable workspaces and updated building technology. The project also targets a 24% reduction in carbon footprint and will reclaim and reuse building components and furnishings. The energy used will be environmentally friendly, and the project aims for four stars in the RTS environmental rating. YIT is a leading construction and project development company with over 110 years of experience, employing around 4,300 professionals in eight countries, and had a turnover of EUR 2.2 billion in 2023. YIT's shares are listed on Nasdaq Helsinki.
YIT Corporation announced that the circular economy brick, developed for the Circular economy block for lifelong learning project, has been awarded the Sustainability Deed of the Year by the Finland Chamber of Commerce. Made from 40% recycled materials, this brick is part of a collaborative effort involving YIT, the Yrjö and Hanna Foundation, ARK-house Architects, AINS Group, Iittala, and Wienerberger. It meets CE marking quality standards and helps reduce the need for new raw materials, conserving resources and lowering carbon emissions. The brick is included in Wienerberger’s product range and serves as a model for sustainable construction practices. Antti Inkilä of YIT expressed that the award reinforces their commitment to sustainable construction. YIT is a major construction company with over 110 years of experience, employing around 4,300 people across eight countries, with a 2023 turnover of EUR 2.2 billion.
YIT Corporation announced its selection as a partner for the development phase of the Helsinki Urban Development and Tramway Programme Alliance. This programme includes projects like the Western Helsinki tramway, West Harbour light rail, and Viikki-Malmi light rail, with a maximum investment estimate of EUR 1,200 million. YIT, along with NRC Group, Sitowise, and Sweco, forms one of the corporate groups chosen for the alliance. The contract is expected to be signed in December 2024. The Western Helsinki tramway project has already received approval from the Helsinki City Council and state aid, while the other projects await council decisions. The construction phase for the Western Helsinki tramway is anticipated to begin in 2026, with the other projects potentially starting between 2027 and 2032. The programme aims to enhance Helsinki's urban development by creating new homes and improving walking and cycling environments. YIT, a leading construction and development company, employs around 4,300 professionals across eight countries and reported a revenue of EUR 2.2 billion in 2023.
YIT Corporation announced a new strategy aimed at enhancing resilience and value creation over the next five years. The strategic priorities for 2025-2029 include financial and non-financial targets, assuming a recovery in the Finnish residential market. The company plans to focus on strengthening its core, improving productivity, and optimizing capital allocation. YIT will reorganize its segment structure into four operating segments: Residential Finland, Residential CEE, Building Construction, and Infrastructure. The changes aim to enhance focus, transparency, and strategy execution. The company recognizes risks such as economic slowdown, inflation, rising interest rates, and geopolitical tensions that could impact its operations. A detailed presentation of the strategy and financial targets will be shared at YIT's Capital Markets Day. YIT is a leading construction and development company with over 110 years of experience, employing approximately 4,300 professionals across eight countries.
YIT Corporation announced its expansion in the Czech Republic through a joint venture with RSJ Investments. The venture involves purchasing land and developing a residential project in the Židenice area of Brno, the Czech Republic's second-largest city. Both YIT and RSJ Investments hold equal shares in the joint venture, which aims to build approximately 750 apartments across seven phases, with construction starting in spring 2025 and completion expected by summer 2031. The project's estimated market value exceeds EUR 200 million. The location offers scenic views, greenery, and convenient access to the city center. The collaboration allows for efficient capital use and strengthens YIT's presence in the region. YIT is a prominent construction and development firm with operations in eight countries, employing around 4,300 people and generating EUR 2.2 billion in revenue in 2023.
YIT Corporation announced an agreement with TA-Yhtymä to construct Asunto Oy Espoon Kipsimestari, an ARA-funded project in Kera, Espoo. The project includes two apartment buildings and the sale of the plot, valued at approximately EUR 12 million, to be recorded in the last quarter's order book. The development will cover about 3,700 square meters and consist of 48 apartments, primarily family-oriented with features like glazed balconies. It will also include a bicycle maintenance room and a shared recycling room. This is YIT's second project in the Kera area, which is designed as a modern, community-focused urban space. YIT is a leading construction company with a history of over 110 years, employing around 4,300 people across eight countries, with a 2023 revenue of EUR 2.2 billion. Their shares are listed on Nasdaq Helsinki.
YIT Corporation announced that it will release its Financial Statements Bulletin for 2024 on February 7, 2025. The complete Financial Statements for 2024 will be available by the end of week 11 in 2025. In 2025, YIT will also issue two Interim Reports and a Half-Year Report: for January-March on April 29, for January-June on July 25, and for January-September on October 30. YIT observes a silent period before each report, starting on January 1, April 1, July 1, and October 1, until the respective report is published. The Annual General Meeting is scheduled for April 3, 2025, with the Board of Directors to summon it later. Shareholders wishing to propose agenda items for the meeting must submit them by January 10, 2025. YIT is a major construction and development company with over 110 years of experience, employing around 4,300 people across eight countries, and had a revenue of EUR 2.2 billion in 2023. Its shares are listed on Nasdaq Helsinki. For more information, Essi Nikitin, Vice President of Investor Relations, can be contacted.
YIT Corporation reported improved profitability across all segments in the third quarter, with a positive cash flow. The order book decreased to EUR 2,736 million, with 77% sold. Revenue fell to EUR 453 million, with declines in Housing and Business Premises but an increase in Infrastructure. Adjusted operating profit rose to EUR 26 million, supported by strong performance in contracting and Housing Baltic and CEE. Operating cash flow after investments was EUR 2 million, and net interest-bearing debt decreased to EUR 789 million. The transformation program achieved cost savings of EUR 41 million, exceeding targets. Despite challenges in the Finnish housing market, YIT remains optimistic about future growth, particularly in Central Eastern Europe. The company plans to continue focusing on strategic priorities and operational improvements, with an updated strategy to be announced in November. YIT's adjusted operating profit for 2024 is expected to be between EUR 20-60 million, with positive operating cash flow after investments.
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Main Market, Helsinki News
Nyhetsuppdatering från YIT Oyj
Interimsrapport: YIT's Interim Report January-March 2024
YIT Corporation's Q1 2024 financial results show a slight decrease in the order book to €3,091 million, with 74% sold, and a drop in revenue to €412 million. The adjusted operating profit was €-14 million, mainly due to a decrease in the fair value of Tripla Mall. Operating cash flow after investments significantly increased to €1 million, supported by a successful financing arrangement. Net interest-bearing debt decreased to €768 million, and gearing improved to 89%. The company's performance was impacted by the Finnish housing market and rising yields. The company's housing segment was affected by low consumer sales in Finland and fewer completions in the Baltic and CEE countries. However, the company noted strong housing sales in Central Eastern Europe and a clear pick-up in the Baltic countries.
Main Market, Helsinki News
Nyhetsuppdatering från YIT Oyj
Nyheter för investerare: YIT to build a modern farm complex for Agrokoncernas Group in Lithuania
YIT Corporation and Agrokoncernas Group have signed a EUR 53 million contract to build a modern cow farm complex in Lithuania's Radviliškis region. The complex, covering about 78,000 square meters, is set to be completed by September 2026. The project includes buildings, infrastructure facilities, and a biomethane power plant. The power plant will use manure as raw material for green energy production, with a capacity of 1.77 MW. The farm complex will also feature energy-saving air-water heat pumps and electric car charging stations for employees.
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