The YIT Group’s disclosure policy
Background
The YIT Group’s parent company, YIT Corporation, is domiciled in Helsinki and the company’s share is listed on OMX Nordic Exchange Helsinki. In its disclosure policy, YIT complies with Finnish legislation and the guidelines of OMX Nordic Exchange Helsinki and the Finnish Financial Supervision Authority on the disclosure obligation and the handling of unreleased information (inside information).
YIT communicates proactively with all its interest groups. The key principles of the company’s communications are service-mindedness, equitability, openness and honesty. The company aims to uphold the confidence that interest groups have in YIT.
Information to be disclosed
YIT publishes all material information on the Group’s strategy and business operations consis-tently and without delay in order to enable well-founded appraisals of the company’s share value.
The company provides a written, well-reasoned assessment of the Group-level development of its business operations and earnings during the present financial period and clarifies related material risks.
A profit warning is released if material changes occur in either the outlook for the trend in YIT’s earnings during the present year or the factors underlying it.
Responsibilities and spokespersons
YIT’s relations with capital market representatives are the responsibility of YIT Corporation’s Senior Vice President, Investor Relations. Meetings with investors and analysts are attended by the CEO, CFO and Senior Vice President, Investor Relations as well as representatives of the business segments together with the Senior Vice President, Investor Relations.
YIT Corporation’s Senior Vice President, Corporate Communications, is responsible for the Group’s media and social relations as well as the preparation of information for disclosure and compliance with a consistent disclosure policy. The heads of the company’s business segments participate in the preparation of information on their own business operations.
The Board of Directors approves significant stock exchange releases.
Statements on the YIT Group’s operations and development are made by YIT Corporation’s CEO, Executive Vice President, CFO, Senior Vice President, Investor Relations, and Senior Vice President, Corporate Communications. The heads of the business segments and business functions as well as experts provide statements on matters in their own areas of responsibility.
Language and channels
All material information on YIT is published simultaneously in Finnish and English through OMX Nordic Exchange Helsinki, to the principal media and on the company’s Internet site.
Information leaks
YIT does not as a rule comment on any public rumours. If significant erroneous information about YIT is disseminated, representatives of the company will evaluate the quality of the information released by the company and provide further information on it if necessary. If this erroneous information is not based on disclosures by the company and it damages the company’s share-holder value, YIT will refute it.
Crisis communications
Crisis communications are led by YIT Corporation’s Senior Vice President, Corporate Communi-cations. In exceptional situations, YIT’s communications will be centralized into the care of the persons appointed to attend to the situation at hand and communications will focus on ensuring the quality of the information released, openness, speed and a proactive approach.
Closed period
YIT observes a closed period before the publication of earnings bulletins. The closed period lasts from the end of the review period to the publication of the earnings bulletin. During this period, YIT’s representatives do not meet capital market representatives or comment on either the YIT Group’s financial position or the outlook for the company or markets. The schedule of earnings bulletins and closed periods is shown in the Investor Calendar on YIT’s Internet site.
YIT Corporation’s Board of Directors has ratified the disclosure policy on June 16, 2008.
