Why invest in YIT? Read more about YIT as an investment.
Find our key financial figures and targets, information about financing and risk management. You can also find analysts following YIT and their consensus estimates.
EUR million |
2022 |
2021 |
2020 |
---|---|---|---|
Revenue |
2,403 |
2,652 |
3,069 |
Adjusted operating profit |
110 |
85 |
85 |
Operating cash flow after investments |
-281 |
288 |
336 |
Net interest-bearing debt |
569 |
303 |
628 |
Equity ratio, % |
36 |
40 |
33 |
Gearing ratio, % |
64 |
30 |
68 |
Return on capital employed, % |
8.4 |
6.8 |
5.2 |
Order book |
3,702 |
3,847 |
3,528 |
YIT restated financial information for comparative period 2021 reflecting the reporting of sold Russian businesses as discontinued operations. Balance sheet and cash flow statement for comparative periods were not restated.
Check out the updated key figures also by quarter.
Operating profit margin
(%)
>6
Gearing
(%)
<50
Dividend per share
(€)
stable growth
YIT’s Board of Directors confirmed on 22 November 2021 the company’s strategy for 2022–2025 and updated its financial targets.
Read more about the strategy.
The previous financial targets were ROCE-% >12%, gearing <50% and annually growing dividend per share.
One of the key objectives of YIT's treasury policy is to ensure sufficient financing for its operations and the actions required to reach its strategic targets. The aim is to provide access to financing on competitive terms while minimising the net financing expenses, to execute financial risk management and to ensure sufficient diversification of funding sources.
Read more about YIT's financial risk management
YIT has established a Green Finance Framework to support investments promoting the transition towards a low-carbon circular economy. The Green Finance Framework will enable YIT to issue green bonds and other green financial instruments to finance projects with environmental benefits. The Framework will be one of the tools to support YIT to reach its climate and sustainability targets.
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Green Finance Framework | Second party opinion - CICERO | |
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Impact Report 2022 | Independent practitioner´s limited assurance report 2022 - PwC |
Type | Maturity | Initial amount |
Issue date | Annual coupon rate | ISIN |
Senior unsecured green notes | 31 Mar 2024 | 100 M€ | 31 Mar 2021 | 3M Euribor + 3.100% | FI4000496294 |
Senior unsecured green notes |
15 Jan 2026 |
100 M€ | 31 Mar 2021 | 3.250% | FI4000496302 |
Green capital securities | No maturity date (Reset Date 31 Mar 2026) | 100 M€ | 31 Mar 2021 | 5.750% until Reset Date* | FI4000496310 |
*Capital securities bear a fixed coupon interest of 5.750 per cent per annum until 31 Mar 2026 (the Reset Date) and, from the Reset Date, a floating interest rate as defined in the terms and conditions of the capital securities.
On 25 March 2021, YIT announced (stock exchange release) the issuance of senior unsecured green notes of EUR 100 million with maturity date in 2024 and senior unsecured green notes of EUR 100 million with maturity date in 2026, and EUR 100 million green capital securities.
Agency agreement for both senior unsecured green notes
Separate securities notes with summaries and the related registration document
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Nothing in the information and documents on this website constitutes an offer of securities for sale. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes may not be offered, sold, pledged or otherwise transferred, directly or indirectly, to the United States of America, nor to U.S. persons (as determined in the Securities Act, Regulation S), nor on behalf of such persons, with the exception of individuals who are not U.S. persons (as determined in the Securities Act, Regulation S) in transactions outside of the U.S. pursuant to Regulation S.
The information and documents on this website do not constitute an offer of Notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the Notes. Consequently, the information and documents on this website are only being distributed to and are only directed at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as “relevant persons”). In addition, the information and documents on this website are in any event only directed at persons who are “qualified investors” pursuant to the Prospectus Directive (2003/71/EC, as amended). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on such information and documents or any of their contents.
I confirm that I have read, understood and agree to comply with the limitations presented above. I confirm and declare that my domicile is not, nor am I currently in, the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other region in which the distribution or publication of the aforementioned information would constitute a breach of local legislation, and that I am not a U.S. person.
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Legislation in certain countries may restrict the distribution of the content of the following website. The information contained on the following website or other information relating to the listing of the Notes is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
Nothing in the information and documents on this website constitutes an offer of securities for sale. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes may not be offered, sold, pledged or otherwise transferred, directly or indirectly, to the United States of America, nor to U.S. persons (as determined in the Securities Act, Regulation S), nor on behalf of such persons, with the exception of individuals who are not U.S. persons (as determined in the Securities Act, Regulation S) in transactions outside of the U.S. pursuant to Regulation S.
The information and documents on this website do not constitute an offer of Notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the Notes. Consequently, the information and documents on this website are only being distributed to and are only directed at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as “relevant persons”). In addition, the information and documents on this website are in any event only directed at persons who are “qualified investors” pursuant to the Prospectus Directive (2003/71/EC, as amended). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on such information and documents or any of their contents.
I confirm that I have read, understood and agree to comply with the limitations presented above. I confirm and declare that my domicile is not, nor am I currently in, the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other region in which the distribution or publication of the aforementioned information would constitute a breach of local legislation, and that I am not a U.S. person.
By clicking “OK”, the user is deemed to have read, accepted and understood the aforementioned limitation of liability statement.
Click "Close" to return to the front page.
Legislation in certain countries may restrict the distribution of the content of the following website. The information contained on the following website or other information relating to the listing of the Notes is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
Nothing in the information and documents on this website constitutes an offer of securities for sale. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes may not be offered, sold, pledged or otherwise transferred, directly or indirectly, to the United States of America, nor to U.S. persons (as determined in the Securities Act, Regulation S), nor on behalf of such persons, with the exception of individuals who are not U.S. persons (as determined in the Securities Act, Regulation S) in transactions outside of the U.S. pursuant to Regulation S.
The information and documents on this website do not constitute an offer of Notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the Notes. Consequently, the information and documents on this website are only being distributed to and are only directed at (i) persons who are outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), (iii) high net worth entities falling within Article 49(2) of the Order and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as “relevant persons”). In addition, the information and documents on this website are in any event only directed at persons who are “qualified investors” pursuant to the Prospectus Directive (2003/71/EC, as amended). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on such information and documents or any of their contents.
I confirm that I have read, understood and agree to comply with the limitations presented above. I confirm and declare that my domicile is not, nor am I currently in, the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other region in which the distribution or publication of the aforementioned information would constitute a breach of local legislation, and that I am not a U.S. person.
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YIT Corporation has a domestic EUR 400 million commercial paper programme. Dealers: Aktia, Danske Bank, Nordea, Pohjola, SEB, Svenska Handelsbanken and Swedbank.
Stock exchange releases concerning financial transactions and agreements can be found in the Media section.
YIT expects its Group adjusted operating profit for continuing operations to be lower than in 2022, but at least EUR 50 million (2022: EUR 110 million).
In Housing, the demand outlook remains weak for the first half of the year but is expected to gradually recover in the second half of the year. In Business Premises and Infrastructure, the underlying operational performance is expected to improve, but certain low-margin legacy projects will still affect Infrastructure’s performance.
YIT’s performance will be supported by the increased efficiencies from the transformation program launched on 10 February 2023.
Developments in housing markets may have an impact on the outlook. Rising interest rates may have a negative impact on the fair value of investments.
Published on 3 May 2023
Inderes Oy
Olli Koponen
+358 44 274 9560
olli.koponen(at)inderes.fi
Kepler Cheuvreux
Albin Sandberg
+46 8 723 51 75
asandberg(at)keplercheuvreux.com
Nordea Markets
Svante Krokfors
+358 400 436 665
svante.krokfors(at)nordea.com
OP
Juho Saarinen
+358 44 535 0595
juho.s.saarinen(at)op.fi
SEB
Anssi Raussi
+358 45 126 1670
anssi.raussi(at)seb.fi
The information provided by Vara Research GmbH is based on estimates and forecasts of analysts monitoring YIT, independently from YIT. The information provided by Vara Research GmbH does not represent the opinions, forecasts or predictions of YIT or its management.
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The purpose of YIT’s risk management is to identify the most significant risks to the company’s operations and manage them in a balanced way. Risk management aims to ensure the continuity of YIT’s operations and the achievement of targets. YIT has a risk management policy that guides the management of the company’s overall risk position. Risk management is included in all of the Group’s significant operating, reporting and management processes.
YIT has categorised the risks that are significant to its operations into strategic, operational, project-related, financial and event risks.