About YIT

About YIT

YIT is the largest Finnish and a significant North European urban developer and construction company. Our goal is to create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties together with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties.

We create better living environments - sustainably

We believe that in a functional city all the daily services are within 15 minutes, whether you walk, cycle or take public transport. This is exactly what we want to develop in cities. Our mission is to create sustainable living environments where it is inspiring and safe to live, work and get around.

Annual reporting 2020

Highlights of our year 2020

1 April 2020

Paving on a road.

YIT sold its paving and mineral aggregates businesses to Peab. The divestment clarified YIT’s business structure and strengthened the balance sheet.

9 June 2020

Children eating around a table.

YIT and Meridiam signed an agreement on implementing five schools and three daycare centres under the life cycle model in Espoo, Finland. The projects will include facilities for nearly 3,900 children. The projects are scheduled to be gradually completed by 2024.

26 June 2020

YIT is responsible for the extension of the Sockenplan metro line in Stockholm, Sweden. The contract is part of the broader extension of the Stockholm metro and will last for approximately two and a half years.

15 September 2020

Woman on a remote meeting.

COVID-19 shook up work and daily life. We wanted to understand its impacts on work, workspaces and working environments. We published the Year Zero: 7 Lessons about the Future of Work report in collaboration with Microsoft and
Miltton.

22 October 2020

Helsinki University renovation.

YIT’s renovation of the Main Building of the University of Helsinki won the Construction Site of the Year 2020 award. Designed by Carl Ludvig Engel, the Main Building of the University of Helsinki is protected as a historically significant building. The renovation is aimed at bringing the facilities up to date to meet today’s technical and functional requirements. Watch the video!

29 October 2020

YIT began construction on the Zwirn project in Slovakia. A total of 267 apartments will be completed in the late summer 2023 and the value of the project is approximately EUR 48 million. Zwirn is an urban residential and office property in Bratislava’s historical industrial district, on a plot of land known for being the location of a spinning mill.

The year 2020 in figures

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Our customer satisfaction project business was 52 (Net promoter score - NPS, scale: -100–100).

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Occupational safety as a top priority, our combined accident frequency was 9,8 (own and subcontractors' personnel).

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Our personnel’s commitment index was 80% (personnel satisfaction).

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We are number 1. most ideal construction industry employer among students and university educated professionals in the field of technology in Finland.

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We aim to halve our CO2 emissions. Carbon dioxcide emissions (CO2e) reduced -21% in our own operations (compared to 2019).

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We employ nearly 7,400 employees in 10 countries. 

 

Strategy, vision, mission and values

YIT’s reviewed strategy for 2020-2022 was confirmed in September 2019. 

Our vision is more life in sustainable cities and we believe people will continue to shift into urban growth centres.

Read more about our cornerstones of success supporting our strategic priorities and about our values.