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In December, YIT met analysts over a traditional Christmas lunch. The visit took place in Vallila, Helsinki, where YIT plans to start a project to develop a lively urban area between the Pasila and Kalasatama districts. Esa Neuvonen, EVP of Business premises and Partnership properties, presented how by YIT brings more life to cities by combining residential buildings and business premises.
Another project covered in the meeting was the Keilaniemi business area in Espoo. The City of Espoo’s initial goal was to have an old business premise renovated, but YIT took a wider view and proposed a plan to develop the whole area. The construction work is now ongoing and the Keilaniemi area will become also a significant residential area in the next few years.
Both examples illustrate YIT’s vision, More life in sustainable cities. What differentiates YIT from other construction companies is exactly that it offers complete views on urban development instead of single building development projects.
In recent investor and analyst meetings, the main focus areas, among others, have been the completion of the Mall of Tripla, the planned sale of the Nordic paving and mineral aggregates businesses to Peab and Partnership properties’ business model.
The sale of the Nordic paving and mineral aggregates businesses is still waiting for regulatory approvals and we estimate the transaction to be completed in the first quarter of 2020.
YIT’s Investor relations teams is now complete again as Tommi Järvenpää started as the Vice President, IR in the beginning of December. Järvenpää joined YIT from Outokumpu where he was leading the IR since 2016.
“I am very excited to join YIT’s team,” says Järvenpää and continues: “YIT’s investor relations has a strong legacy and I am confident that my wide experience in capital markets and investor communications in a global environment will further strengthen the company’s investor relations.”
YIT will publish its 2019 results on Friday, February 7, 2020. The publication of the financial statements bulletin will be accompanied by a live-streamed news conference in English.
YIT’s Investor relations team wishes you a Merry Christmas and a Happy New Year!