YIT Corporation: Markku Moilanen will commence as the President and CEO on 1 April 2021
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YIT Corporation Stock Exchange Release 18 February 2021 at 9.00 a.m.
YIT’s Annual Review and Annual brochure for 2020 published
YIT’s Annual Review and Annual brochure for 2020 have been published today on the company’s website.
The Annual Review consists of Report of the Board of Directors, consolidated financial statements, parent company’s financial statements, Corporate Governance Statement and Remuneration report. The Report of the Board of Directors contains YIT’s statement of non-financial information.
For the first time, YIT publishes the Annual Review in accordance with European Single Electronic Format (ESEF) reporting requirements with the format of the report being Extensible Hypertext Markup Language (xHTML). In line with the ESEF requirements, the primary statements of the Consolidated financial statements have been labelled with XBRL tags. These XBRL tags have not been subject to audit, but the information has been assured in accordance with the international standard on assurance engagements ISAE 3000 (revised) by PricewaterhouseCoopers Oy, Authorised Public Accountants. The Annual Review is available in PDF and xHTML formats at www.yitgroup.com/annualreports and as attachments to this stock exchange release.
The Corporate Governance Statement and Remuneration report have also been published as separate PDF files at www.yitgroup.com/corporategovernance.
The Annual brochure briefly describes YIT's year 2020 in terms of strategy, sustainability, personnel and financial performance. The Annual brochure is available in PDF format at www.yitgroup.com/annualreports and as an attachment to this stock exchange release.
In addition, YIT has published a separate GRI report (Global Reporting Initiative) related to corporate responsibility reporting, which is available in PDF format at www.yitgroup.com/annualreports and as an attachment to this stock exchange release.
All publications in PDF format are available in Finnish and English, but the xHTML file of the Annual Review is published only in Finnish.
Discussion event on YIT’s events and financial statements in 2020
A discussion event related to YIT's 2020 events and financial statements will be held on Friday 26 February 2021 at 3.00 p.m. Finnish time (EET, at 1.00 p.m. GMT) where the shareholders can ask questions from the Chairman of the Board and the interim President and CEO before the registration and advance voting of the Annual General Meeting. Shareholder are requested to take into consideration that the questions asked at the informal discussion event are not questions referred to in Chapter 5, Section 25 of the Limited Liability Companies Act. Questions referred to in Chapter 5, Section 25 of the Limited Liability Companies Act shall be asked in advance in the manner described in the notice of the Annual General Meeting.
The event will be held as a live webcast that can be followed on the company’s website at www.yitgroup.com/webcast. A recording of the webcast will be available at the same address later that day. The event will be held in Finnish.
In the event questions can be asked through a conference call. Detailed instructions for participating in the conference call will be published before the event on the company's website at www.yitgroup.com/webcast.
For further information, please contact:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, email@example.com
Hanna Malmivaara, Senior Vice President, Communications, YIT Corporation, tel. +358 (0)40 561 6568, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and a significant North European urban developer and construction company. Our goal is to create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties together with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties. We employ approximately 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com