We create better living environments. Read more about YIT’s strategy, vision, mission and values.
About YIT
YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction.
Annual reporting 2019
Highlights of our year 2019
Mall of Tripla
Mall of Tripla in Helsinki’s Pasila district opened on schedule on October 17, 2019. Measured by the number of shops, it is the largest shopping centre in the Nordic countries and also the shopping centre with the highest LEED score in Finland.
Joint ventures
We established our first joint ventures focused on rental apartments with FinCap and Ålandsbanken, which saw us enter the rental housing business.
Jokeri Light Rail line
Construction began in June on the 25-kilometre Jokeri Light Rail line. We operate as a contractor in the alliance. The project will continue until 2024.
Changes in segments
Changes in business segments. In July, we decided to sell our Nordic paving and mineral aggregates businesses to Peab. We also announced in June that we will scale back our operations in Russia.
Expanding operations
We made our first plot purchase and expanded to Gdańsk, Poland. We are planning a mixed-use project for the plot, comprising business premises and apartments. Prior to this move, Warsaw was the only city in Poland we operated in.
Henriksdal
At the Henriksdal wastewater treatment plant in Stockholm, we won a four-year infrastructure construction contract in January and a new wastewater tunnel construction contract in June. The Henriksdal wastewater treatment plant is the largest in Sweden and one of the largest in Europe.
Sustainability targets
We published our long-term sustainability targets to mitigate the climate change. We want to halve CO2 emissions of our own operations and self-developed projects by 2030 compared to 2019; we will enable carbon-neutral use of our self-developed projects; and we will report project specific CO2 emissions of our self-developed projects starting from 2020.
The year 2019 in figures
Our customer satisfaction was 53% (Net promoter score - NPS).
Occupational safety as a top priority, our accident frequency was 10,5 (accidents per one million hours worked).
Our personnel’s commitment index was 77% (personnel satisfaction).
We are number 1. the most attractive construction industry employer among students.
We aim to halve our CO2 emissions. In 2019 our emissions of energy consumption were 214 kt CO2.
We employ nearly 8 000 employees in 10 countries (continuing operations).
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.