Outlook for 2008

In January-September, operating profit increased in Building Systems and Industrial Services, and decreased in Construction Services Finland and International Construction Services compared to 2007.
During the last quarter, the operating profit of Building Systems and Industrial Services is estimated to be on the same level as in 2007, excluding the sales gain of EUR 14.4 million from the divestment of the Network Services division. The operating profit of Construction Services Finland and International Construction Services is estimated to decrease clearly during the last quarter compared to the previous year.
YIT estimates that revenue for 2008 will increase, but profit before taxes will decrease clearly compared to the previous year. The profit development in the last quarter faces uncertainty due to the development of consumer confidence and its effect on residential sales in Russia.
The estimate of profit development has been specified following the profit warning released on September 8, 2008. At that time, YIT estimated that the company's revenue will increase in 2008, but profit before taxes will decrease compared to the previous year. At the same time, YIT stated that the estimate on profit development has weakened, because residential demand in Finland and construction volumes in the Baltic countries have decreased further.

YIT Corporation estimates that in 2008 the revenue will increase but profit before taxes will decrease compared to the previous year. Estimate on profit development has weakened, because residential demand in Finland and construction volumes in Baltic countries have decreased further.

The demand for building system services is solid throughout the market area and the segment's order backlog is good. YIT aims at increasing its market share in building systems in all of the Nordic countries.
In Russia, strong demand for housing continues. YIT's strong backlog and volume of ongoing residential production provide good prerequisites for meeting the targets set for the Russian business.
In Finland, construction remains at a good level on the whole but is more focused on business premise and infrastructure construction, which have a strong order backlog. The outlook for residential production has weakened since last summer. The higher interest rates increase uncertainty about the development of the residential market during the second half of the year.
Industrial Services has a good order backlog. Business opportunities are found particularly in the outsourcing of industrial maintenance in Finland.
Based on the above outlook by business segment we estimate that the revenue and profit before taxes for 2008 will increase compared to the previous year. Nevertheless, uncertainties connected to the general economic development have increased and that may weaken the profit development during the last part of the year.

The estimate concerning the improvement of revenue and profit before taxes in 2008 has not been changed since the publication of the Financial Statements Bulletin.
The demand for building system services is solid throughout the market area and the segment's order backlog is good. YIT aims at increasing its market share in building systems in all of the Nordic countries.
In Russia, strong demand for housing continues. YIT's strong backlog and volume of ongoing residential production provide good prerequisites for meeting the targets set for the Russian business.
In Finland, construction remains at a good level on the whole but is more focused on business premise and infrastructure construction that have a strong order backlog. The outlook for residential production has weakened since last summer.
Industrial Services enjoy a good order backlog. Business opportunities are found particularly in outsourcing of industrial maintenance in Finland.
The economic outlook in YIT's business areas remains favourable. Uncertainties in the economy remain but the force of their impact varies between countries.
Consequently, we estimate that the revenue and profit before taxes for 2008 will increase compared to the previous year.

February 8, 2008: Financial Statements Bulletin 

The demand for building system services is solid throughout the market area and the segment's order backlog is good. YIT aims at increasing its market share in building systems in all of the Nordic countries.
In Russia, strong demand for housing continues. YIT's strong order backlog and volume of ongoing residential production provide good prerequisites for meeting the targets set for the Russian business.
In Finland, construction remains at a good level on the whole but is more focused on business premise and infrastructure construction that have a strong order backlog. The outlook for residential production has weakened after last summer.
Industrial Services enjoy a good order backlog. Business opportunities are found particularly in outsourcing of industrial maintenance in Finland.
The economic outlook for YIT's area of operations remains favourable, even though uncertainties in the economy have increased.
Consequently, we estimate that the revenue and profit before taxes for 2008 will increase compared to the previous year.

October 26, 2007: Interim Report Jan-Sep/2007

We estimate that revenue in 2007 will be bigger than in the previous year and operating profit (EBIT) will increase clearly compared to the previous year.

The outlook for revenue growth is supported by the strong order backlog, ongoing economic growth and YIT’s major investments in the Russian market. The healthy margin of the order backlog and the company’s own profitability improvement measures underlie our expectations of growth in operating profit.

July 27, 2007: Interim Report Jan-Jun/2007

We estimate that revenue and operating profit (EBIT) in 2007 will increase compared to the previous year.

The outlook for revenue growth is supported by the strong order backlog, the continuing boom and YIT’s major investments in the Russian market. The healthy margin of the order backlog and the company’s own profitability improvement measures underlie our expectations of growth in operating profit.

April 26, 2007: Interim Report Jan-Mar/2007

We estimate that revenue and operating profit (EBIT) in 2007 will increase compared to the previous year.

The outlook for revenue growth is supported by the record-high order backlog, the continuing boom and YIT’s major investments in the Russian market. The healthy margin of the order backlog and the company’s own profitability improvement measures underlie our expectations of growth in operating profit.

February 9, 2007: Financial Statements Bulletin 

We estimate that revenue and operating profit (EBIT) in 2007 will increase compared to the previous year.

The outlook for revenue growth is supported by the record-high order backlog, the continuing boom and YIT’s major investments in the Russian market. The healthy margin of the order backlog and the company’s own profitability improvement measures underlie our expectations of growth in operating profit.

October 27, 2006: Interim Report Jan-Sep/2006

We estimate that revenue and pre-tax profit in 2006 will increase compared to the previous year.

July 28, 2006: Interim Report Jan-Jun/2006

We estimate that revenue and pre-tax profit in 2006 will increase compared to the previous year.

We estimate that full-year revenue and the pre-tax result for 2006 will be higher than last year.

We estimate that the pre-tax result for 2006 will be better than in the previous year.

The estimate concerning the improvement of revenue and profit before taxes in 2008 has not been changed since the publication of the Financial Statements Bulletin.
The demand for building system services is solid throughout the market area and the segment's order backlog is good. YIT aims at increasing its market share in building systems in all of the Nordic countries.
In Russia, strong demand for housing continues. YIT's strong backlog and volume of ongoing residential production provide good prerequisites for meeting the targets set for the Russian business.
In Finland, construction remains at a good level on the whole but is more focused on business premise and infrastructure construction that have a strong order backlog. The outlook for residential production has weakened since last summer.
Industrial Services enjoy a good order backlog. Business opportunities are found particularly in outsourcing of industrial maintenance in Finland.
The economic outlook in YIT's business areas remains favourable. Uncertainties in the economy remain but the force of their impact varies between countries.
Consequently, we estimate that the revenue and profit before taxes for 2008 will increase compared to the previous year.

February 8, 2008: Financial Statements Bulletin 

The demand for building system services is solid throughout the market area and the segment's order backlog is good. YIT aims at increasing its market share in building systems in all of the Nordic countries.
In Russia, strong demand for housing continues. YIT's strong order backlog and volume of ongoing residential production provide good prerequisites for meeting the targets set for the Russian business.
In Finland, construction remains at a good level on the whole but is more focused on business premise and infrastructure construction that have a strong order backlog. The outlook for residential production has weakened after last summer.
Industrial Services enjoy a good order backlog. Business opportunities are found particularly in outsourcing of industrial maintenance in Finland.
The economic outlook for YIT's area of operations remains favourable, even though uncertainties in the economy have increased.
Consequently, we estimate that the revenue and profit before taxes for 2008 will increase compared to the previous year.

October 26, 2007: Interim Report Jan-Sep/2007

We estimate that revenue in 2007 will be bigger than in the previous year and operating profit (EBIT) will increase clearly compared to the previous year.

The outlook for revenue growth is supported by the strong order backlog, ongoing economic growth and YIT’s major investments in the Russian market. The healthy margin of the order backlog and the company’s own profitability improvement measures underlie our expectations of growth in operating profit.

July 27, 2007: Interim Report Jan-Jun/2007

We estimate that revenue and operating profit (EBIT) in 2007 will increase compared to the previous year.

The outlook for revenue growth is supported by the strong order backlog, the continuing boom and YIT’s major investments in the Russian market. The healthy margin of the order backlog and the company’s own profitability improvement measures underlie our expectations of growth in operating profit.

April 26, 2007: Interim Report Jan-Mar/2007

We estimate that revenue and operating profit (EBIT) in 2007 will increase compared to the previous year.

The outlook for revenue growth is supported by the record-high order backlog, the continuing boom and YIT’s major investments in the Russian market. The healthy margin of the order backlog and the company’s own profitability improvement measures underlie our expectations of growth in operating profit.

February 9, 2007: Financial Statements Bulletin 

We estimate that revenue and operating profit (EBIT) in 2007 will increase compared to the previous year.

The outlook for revenue growth is supported by the record-high order backlog, the continuing boom and YIT’s major investments in the Russian market. The healthy margin of the order backlog and the company’s own profitability improvement measures underlie our expectations of growth in operating profit.

October 27, 2006: Interim Report Jan-Sep/2006

We estimate that revenue and pre-tax profit in 2006 will increase compared to the previous year.

July 28, 2006: Interim Report Jan-Jun/2006

We estimate that revenue and pre-tax profit in 2006 will increase compared to the previous year.

We estimate that full-year revenue and the pre-tax result for 2006 will be higher than last year.

We estimate that the pre-tax result for 2006 will be better than in the previous year.