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Operating environment

Market position and competitors

YIT operates in 8 countries: in Finland, Russia, Estonia, Latvia, Lithuania, Slovakia, the Czech Republic and Poland. 

In Finland, we are the largest residential developer and one of the biggest business premises and infrastructure constructors. 

In Russia, we are the largest foreign residential developer and one of the top operators in the CEE countries, except for Poland, where the operations have just been launched.

Market sizes and main competitors

  Housing Finland and CEE Housing Russia Business Premises and Infrastructure
Operating countries Finland, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia, Poland 7 regions in Russia: Rostov-on-Don, Yekaterinburg, Kazan, Moscow, Moscow region, St. Petersburg, Tyumen  Business premises: Finland, Estonia, Latvia, Lithuania, Slovakia Infra: Finland 
Market position Market leader in Finland, one of the major operators in the CEE countries, excluding Poland, where operations are just getting started Largest foreign housing developer  One of the major operators in Finland
Customers  Households, private and institutional investors

Primarily households

Businesses, the public sector and institutional investors
Main competitors Lemminkäinen, SRV, Skanska, NCC, Peab, Hartela, Päätoimija, Merko, Nordecon, Central Group, Finep, Dom Development, Robyg and smaller local operators in different cities  PIK Group, LSR Group, Etalon Group, SU-155, Morton, NCC, local operators in different cities Lemminkäinen, NCC, Skanska, Destia, VR Track, Peab, Graniittirakennus Kallio, Kreate, SRV, local operators in different countries 
Market sizes

Housing start-ups 

Finland                      26,000
The Czech Republic    25,500
Slovakia                    16,900
Poland                      157,100

Completed apartments

Estonia                      3,400
Latvia                       2,200
Lithuania                   7,800 


 Completed apartments 1,100,000

Business premises construction, EUR million

Finland         10,200
The Baltics    3,800
Slovakia        2,000

Infrastructure construction, EUR million

Finland         6,300