YIT Oyj

YIT

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YIT Oyj

Ticker/ISIN
YIT
FI0009800643
Marknad/Land
Main Market, Helsinki
Sweden

Om YIT Oyj

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 från YIT Oyj

YIT Corporation will release its Financial Statements Bulletin for 2024 on February 7, 2025, at 8:30 a.m. EET. The information will be available in Finnish and English on their website. A webcast and international telephone conference will be held at 10:00 a.m. EET, featuring presentations by President and CEO Heikki Vuorenmaa and CFO Tuomas Mäkipeska. The webcast can be accessed online, with a recording available afterward. Participants can join the teleconference by registering online, where they will receive access details. The event is intended for investors, analysts, and the media. YIT is a major construction and development company, employing around 4,300 people across eight countries, with 2023 revenue of EUR 2.2 billion. Their shares are listed on Nasdaq Helsinki.
YIT Corporation's Shareholders’ Nomination Board has proposed several items for the Annual General Meeting on April 3, 2025. They suggest electing a Chairperson, Vice Chairperson, and four ordinary members to the Board of Directors, with fees remaining the same as the previous year. They recommend that 40% of the annual remuneration for Board members be paid in YIT shares, purchased from the market. The Nomination Board also proposes meeting fees of EUR 800 for regular members and EUR 1,600 for chairpersons per meeting. Jyri Luomakoski is proposed for re-election as Chairperson, Casimir Lindholm as Vice Chairperson, with Anders Dahlblom, Sami Laine, Kerttu Tuomas, and Leena Vainiomäki as ordinary members. The Nomination Board emphasizes the competence and independence of the proposed members, except Anders Dahlblom, who is dependent on a major shareholder. Essential information about the candidates will be available on YIT's website. The Nomination Board was established in 2016 and includes representatives from YIT’s largest shareholders. YIT Corporation is a leading construction and development company, employing about 4,300 people across eight countries, with a revenue of EUR 2.2 billion in 2023.
YIT Corporation has been selected as a partner by the Turku Tramway Alliance for the project management contract of the Port of Turku-Varissuo tramway line's depot and power supply station structures. The main clients are Turun Raitiotie Oy and the City of Turku, with service providers including NRC Group Finland Oy and others. YIT's role in the development phase is to manage the planning of the depot and power supply station buildings to create cost-effective solutions and set a budget target with the alliance. The project’s continuation depends on the Turku City Council's decision to invest in the tramway by the end of 2025, with a preliminary budget of EUR 30 million. YIT was chosen for its expertise in depot construction, having been involved in similar projects in Tampere and Helsinki. The project aims to ensure reliable tram operations with functional depot facilities and power stations that fit the cityscape and minimize construction disturbances.
YIT Corporation announced the construction of Asunto Oy Raaseporin Norra Marina, a row house and apartment building project located at Ekenäs’ North Harbor. Construction began in December 2024, with completion expected by December 2025. The project, valued at approximately EUR 13 million, includes 34 homes—12 row houses and 22 apartments—spanning about 3,100 square meters. The development offers a seaside location with easy access to Ekenäs’ services and features environmentally friendly designs, including geothermal heating and solar panels. Most parking spaces will support electric vehicle charging. The housing project has attracted significant interest, with two-thirds of the apartments already reserved. YIT Corporation is a leading construction company with a focus on sustainable development, employing around 4,300 people across eight countries.
YIT Corporation has begun constructing a self-developed apartment building, Asunto Oy Tampereen Ohjaaja, in the Tohlopinranta residential area. The construction started in November 2024 and is expected to finish by December 2025. The project, valued at approximately EUR 11 million, will be recorded in YIT's order book for the fourth quarter of 2024. The six-storey building, located on the shore of Lake Tohloppi, will consist of 38 apartments ranging from 23 m² to 100.5 m², all featuring balconies. The building will incorporate environmentally friendly features, including water-circulating ceiling heating panels, district heating, solar panels, and renewable electricity during construction. It will also facilitate green living choices for residents and minimize construction waste. The area offers natural surroundings with access to recreational activities. Upon completion, traffic will be redirected to create a green park area, enhancing the district's appeal. YIT is a major construction and project development company with over 110 years of experience, employing around 4,300 professionals across eight countries.
YIT Corporation announced a contract to construct a rental building in the Kangas urban development area near Jyväskylä's center. The building, subsidized by Finland's Housing Finance and Development Centre (ARA) and owned by A-Kruunu, began construction in December 2024 and is expected to complete in January 2026. The contract is valued at approximately EUR 11 million and will be added to YIT's order book for Q4 2024. Located at Rullakuja 3, the eight-storey building will include apartments, commercial space, common areas, and storage facilities, covering about 3,700 square meters. It will meet energy class A requirements and feature solar panels. The design is inspired by the former Kangas paper mill, part of Jyväskylä's significant urban development project, Kangas, which was named District of the Year 2024 by the Finnish Local Heritage Federation. The area is close to recreational areas and city services. YIT's regional director, Marjaana Nissilä-Ryytty, and A-Kruunu's construction director, Leena Aho-Manninen, highlighted the project's importance and collaboration. YIT is a major construction and project development company, employing about 4,300 people across eight countries, with a 2023 turnover of EUR 2.2 billion.
YIT Corporation announced it has signed a EUR 100 million contract with XTX Markets to build a large-scale data center in Kajaani, Finland. The project, covering about 15,000 m², will include a data hall, loading and office buildings, and a maintenance facility. This development will enhance Kajaani's data center ecosystem. XTX Markets, a leading algorithmic trading firm, selected Kajaani to support its computational needs. Aleksi Laine from YIT highlighted the significance of the project for the local region and Finland's appeal for large-scale data center investments. YIT is a major construction company with operations in eight countries and a 2023 revenue of EUR 2.2 billion.
YIT Corporation has signed a project management contract with Hitachi Energy to construct a new production and technology center in Mustasaari, Finland. The project, valued at approximately EUR 105 million, includes facilities for product development, testing, and a high-tech transformer production center to double Hitachi Energy's transformer production capacity in Finland. The construction, covering around 44,000 square meters, will start in February 2025 and is expected to be completed in early 2027. This initiative is part of Hitachi Energy's investment in sustainable energy and aligns with YIT's strategy to support green energy transition and Finland's electricity supply security.

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Nyhetsuppdatering från YIT Oyj

Nyheter för investerare: YIT is the ideal construction industry employer for engineering students for the sixth consecutive year

YIT Corporation has been ranked as the most ideal construction industry employer by engineering students in Universum’s Student Survey for the sixth year running. The company also achieved seventh place in the list of ideal engineering employers. YIT plans to offer around 350 summer jobs or trainee positions to young people this year. The company was also recognized as the ideal construction industry employer in Universum’s Professionals Survey for the fourth consecutive year. YIT invests significantly in the trainee experience, with 99% of trainees stating they would like to work for YIT in the future. YIT aims to offer summer jobs or trainee positions to approximately 350 students in 2024.

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Transaktioner utförda av personer i ledande ställning: YIT Corporation: Managers' transactions - Tuomas Mäkipeska

YIT Corporation has announced that its Chief Financial Officer, Tuomas Mäkipeska, has received a share-based incentive. The transaction involved 2,664 shares, with no unit price attached. The notification was initially made on 7 May 2024. YIT is a leading construction and development company listed on Nasdaq Helsinki.

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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.

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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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