Our latest annual and interim reports and other materials.
Clear focus and profitable growth in housing, large land bank, strong brand and market position, annually growing dividend.
YIT is the largest Finnish and a significant North European development and construction company. For 110 years, we have been creating better living environments for our customers: functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society.
Revenue
2.7 B€
Dividend
0.16 €
Personnel
~5,500
YIT operates in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. YIT is the market leader in Housing business in Finland and a major player in Poland, the Czech Republic and Slovakia.
YIT announced in October 2020 that it would close down its infrastructure business in Norway. The close down is estimated to last until 2022.
YIT announced on 1 April 2022 that it had signed an agreement for the sale of YIT´s operations in Russia.
An up-to-date description of the regional market outlook in the latest interim report
The key target of YIT’s strategy is to seek growth in the Housing business and to improve the Group’s profitability. As a part of the strategy, YIT has redefined and clarified its business model. The strategy will be executed through three strategic priority areas: Focus, Productivity, and ESG.
Operating profit margin
(%)
>6
Gearing
(%)
<50
Dividend per share
(€)
stable growth
Commitment
(SBTi)
1.5°
YIT has set strategic targets related to financial development and sustainability for 2022-2025. The aim is to raise the operating profit margin to over 6%, reduce the gearing to less than 50% and ensure stable growth of dividend per share. In addition, YIT has committed to the Science Based Targets initiative (SBTi) to limit global warming to 1.5 degrees in line with the Paris Climate Agreement.
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:
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1) Creating sustainable, comfortable and safe urban development by utilising opportunities provided by the circular economy. |
2) Compliance with good corporate governance and preventing corruption and the grey economy. | 3) Occupational safety. | 4) Promoting the personnel’s occupational well-being and competence development. | 5) Implementing responsible subcontracting and procurement. | 6) Reducing the environmental impacts of YIT’s own operations. |
Read more about our sustainability work Read more about our governance practices
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.
We are committed to supporting the UN Sustainable Development Goals (SDGs). The most significant of the SDG's with respect to our operations are:
YIT has established a Green Finance Framework to support investments promoting the transition towards carbon-neutral circular economy.
YIT strives to report openly on its operations in relation to sustainable development.
CDP Climate Change C rating (2021)
CDP Forests C- rating (2021)
MSCI AA rating (2020)
During the last years, YIT's major acquisitions and disposals have been: