YIT awarded for the best investor relations in Europe for the second year in a row
- We were able to take care of investor relations even during the demanding
YIT was selected as the best European company in terms of investor relations in the construction & materials sector in an investor survey conducted by the internationally acclaimed Inside Investor Relations Magazine. YIT won the same award in 2012.
YIT’s extraordinary general meeting approved the partial demerger of the company on June 17, 2013, and Caverion, the company to be demerged from YIT and specialised on building systems, will be listed on the Helsinki Stock Exchange on July 1, 2013. “The company’s demerger is also a new start for investor communications as we will revise our investor stories and calculate the key figures for both companies according to the new situation,” says Timo Lehtinen, YIT’s CFO.
Shareholders, analysts and portfolio managers have shown interest in the demerger and we have attempted to respond to their questions. “We have met our shareholders proactively during the spring so that they have been able to discuss any demerger details with the company’s management and, thus, receive additional information about benefits from the demerger,” says Hanna-Maria Heikkinen, Vice President, Investor Relations.
“We believe that YIT, which focuses on construction services in the future, is an interesting investment vehicle for investors who appreciate high dividends. YIT’s strategy is to achieve well-managed, profitable growth particularly from emerging markets, and our good corporate governance reduces risks from investors’ point of view,” Heikkinen adds.
“In the future, we will focus more on serving debt investors because funding obtained from capital markets is important for the company,” Heikkinen says.
The Inside Investor Relations Magazine’s survey, conducted annually through an online survey and telephone interviews among 500 European analysts and portfolio managers, charts the level of investor relations from the point of view of parties that make investment decisions. Publicly listed companies do not register separately; winners are selected through responses sent to the survey.
For further information on the awards, see the Inside Investor Relations Magazine website:
For further information, please contact:
Hanna-Maria Heikkinen, Vice President, Investor Relations, YIT Corporation, tel. +358 40 826 2172
Vice President, Investor Relations
Distribution: NASDAQ OMX, principal media, www.yitgroup.com
YIT is a leading European service company in building systems, construction services and services for industry. Our more than 25,000 professionals serve customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. For over one hundred years we have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2012, YIT’s revenue was approximately EUR 4.7 billion. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com
This announcement is not an offer of securities for sale in any jurisdiction.
No securities are being registered under the US Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. No public offering of securities is being made in the United States.
This release includes forward-looking statements. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this communication, including, without limitation, those regarding the demerger plan and its execution. By their nature, forward looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Such statements are based on numerous assumptions and may differ materially from (and be significantly more negative than) those made in, or suggested by, the forward-looking statements contained in this release.