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05.09.2018 07:00 CET
  • Investor news

YIT to start new road and city maintenance projects in October

YIT Corporation Investor News September 5, 2018 at 8.00 a.m.

In 2018, YIT has won maintenance contracts for state roads in Kittilä, Suomussalmi and Kauhajoki, Finland. With these agreements, YIT’s market share will be on the same level as in 2017.

Additionally, YIT has won street maintenance contracts for the northern part of City of Espoo, as well as for the city of Joensuu and for Veikkola, part of Kirkkonummi, all in Finland.

All projects will start October 1, 2018 and their duration is 3 to 5 years. The total value of these contracts is approximately EUR 45 million. They will be booked in the order backlog of the third quarter.

For further information, please contact: 

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

Harri Orko, Head of Unit, YIT Construction Ltd, tel. +358 50 440 2322, harri.orko@yit.fi

YIT CORPORATION

Hanna Jaakkola

Vice President, Investor Relations

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

YIT is the biggest construction company in Finland and a major player in Northern Europe. We construct and develop apartments, business premises and entire residential areas. Furthermore, we are specialists in infrastructure construction and paving. Together with our customers, our 10,000 professionals create increasingly functional, appealing and sustainable cities and living environments. We have operations in 11 countries: Finland, Russia, Scandinavian and Baltic countries, the Czech Republic, Slovakia and Poland. The new YIT was created by the merger of YIT Corporation and Lemminkäinen Corporation, both over 100 years old, on February 1, 2018. In 2017, our pro forma revenue totalled more than EUR 3.8 billion. YIT Corporation’s share is listed on Nasdaq Helsinki. www.yitgroup.com. www.yitgroup.com

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