YIT and Hollister Incorporated signed an agreement to construct the second stage of a healthcare product factory in Lithuania

YIT Corporation Investor News May 24, 2018 at 10:00 a.m.

Hollister Lithuania YIT
Hollister Lithuania YIT

YIT has signed a contract with Hollister Incorporated, a US-based medical products manufacturing company, to construct the second stage of a medical device factory in Kaunas, Lithuania. The value of the deal for YIT is approximately EUR 25 million and the project will be recorded in the order backlog in the second quarter.

The construction of the second stage will begin in spring 2018 and it will be completed in spring 2019. The factory will cover 24,000 square metres of land. YIT has signed a contract also for the first stage in 2017.

For further information, please contact:

Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi

Peter Forssell, Vice President, Head of Business Premises, Central Eastern Europe, YIT Construction Ltd, tel. +358 204 33 111, peter.forssell@yit.fi


Hanna Jaakkola

Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving.  Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com