YIT as an investment

Why invest in YIT?

Presence in multiple markets and construction sectors, tailwinds from megatrends, strong brand and market position

YIT is a leading construction and development company. We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life.

Revenue

1.8 B€

Dividend

-
YIT’s Board of Directors has decided, that it will not propose dividend to be distributed based on the balance sheet to be adopted for 2024

Personnel

~4,100

Customer offeringCustomer offering

Residential Finland

We are the market leader in residential business in Finland with a strong plot portfolio to support future growth.

Segment financial targets for 2025-2029:

Increase market share

Adjusted EBIT ≥10%

ROCE ≥20%

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Residential CEE

We build highly functional and sustainable homes and living environments in fast-growing European cities in Slovakia, Czech Republic, Poland, Lithuania, Latvia and Estonia.

Segment financial targets for 2025-2029

Net sales growth (CAGR) ≥15%

Adjusted EBIT ≥15%

ROCE ≥25%

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Building Construction

We build, renovate and develop commercial and public buildings such as industrial facilities, business premises, and educational institutions ensuring customer orientation and optimal usability throughout their life cycles.

Segment financial targets for 2025-2029:

Net sales growth (CAGR) ≥2%

Adjusted EBIT ≥6%

Negative capital employed

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Infrastructure

We build train tracks, railways, roads, bridges, tunnels, halls and industrial facilities in challenging environments. We also maintain roads and streets to make it smoother for people, businesses and society to live a sustainable life.

Segment financial targets for 2025-2029

Net sales growth (CAGR) ≥5%

Adjusted EBIT ≥6%

Negative capital employed

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Operating environmentOperating environment

YIT operates in eight countries: Finland, Sweden, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. We are the market leader in residential business in Finland and a one of the major players in the Baltic and CEE countries.

YIT announced on January 2024 that as a result of the strategic review, YIT had decided to close down its infrastructure business in Sweden.

An up-to-date description of the regional market outlook in the latest financial report

StrategyStrategy

YIT strategy 2025–2029: Strong performance in all market conditions

During the strategy period 2025–2029, YIT focuses on strengthening its resilience and providing sustainable value creation to all its stakeholders.

There are three strategic priorities for 2025–2029: to generate targeted growth and resilience, to deliver industry-leading productivity and financial performance and to elevate customer and employee experience.

Financial targetsFinancial targets

YIT will assess the success of its strategy with the following group financial targets to be reached by the end of 2029.

Adjusted operating profit margin
≥ 7%

Return on capital employed
≥ 15%

Annual net sales growth
≥ 5%

CAGR to baseline year 2024

In addition, YIT has introduced a financial framework and non-financial targets for the strategy period.

Financial framework: 

Dividend payout ratio at least 50%, subject to fulfillment of certain conditions in current financial agreements

Net debt to equity (gearing) in the range of 30-70% over the cycle

Non-financial targets: 

Maintain high customer NPS level of over 50 across the operations

Employee NPS at least 50

Combined Lost Time Injury Frequency (cLTIF) below 5 in all operations

SBTi commitment implemented by 2030 (scope 1 & 2 CO2 -90% and scope 3 -30%)

The targets set for the strategy period include an assumption of the Finnish residential market recovering to a historical average level during the period. YIT’s view of 2010-2020 average self-developed multi-family residential starts in Finland is approximately 16,000 apartments per year.

YIT as a responsible investmentYIT as a responsible investment

We want to be builders of future-proof urban environments. Being future-proof means operating responsibly and in accordance with sustainable development, which allows the products we build and the world around us to maintain their value in the future.

The most material sustainability themes for YIT are:

We enable sustainable lifestyle for our customers
Reducing environmental impact of own operations
Occupational safety
Good governance and preventing corruption and gray economy
Safeguarding biodiversity
Promoting competence development of our personnel
Respecting human rights
Responsible subcontracting and procurement

Climate targets

1.5°

YIT commits to the Science Based Targets initiative (SBTi) to limit global warming to 1.5 degrees in line with the Paris Climate Agreement. YIT is the first Finnish construction company to commit to reducing emissions from both its own operations and its value chain in accordance with the Science Based Targets Initiative. With this commitment, YIT strengthens its previous climate work and updates its current climate targets to be more comprehensive, which will also reduce the emissions of YIT's customers.

Our sustainability targets

UN Sustainable Development Goals

We are committed to supporting the UN Sustainable Development Goals (SDGs). The most significant of the SDG's with respect to our operations are:

Goal 5. Gender equality
Goal 6. Clean water and sanitation
Goal 7. Affordable and clean energy
Goal 8. Decent work and economic growth
Goal 11. Sustainable cities and communities
Goal 12. Responsible consumption and production
Goal 13. Climate action
Goal 15. Life on land
Goal 16. Peace, justice and strong institutions

How we promote the goals

ESG reporting

YIT strives to report openly on its operations in relation to sustainable development.

CDP Climate Change C rating (2024)
CDP Forest C rating (2024)
CDP Water Security C rating (2024)