YIT Corp - Company Profile
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YIT Corp (YIT) is a provider of construction and development company. It offers residential construction, business premises construction, infrastructure construction, property development and renovation services. The company’s constructions include apartments, residential areas, social infrastructure, schools and daycare centers, metro stations, shopping centers, harbours and parking facilities, railways, roads, bridges, water supply, industrial and power plants. It also offers maintenance and services; excavation and soil reinforce services of tunnels and mines. YIT also finance and partial ownership of properties and projects with partners. It serves to industrial and public sectors, residential construction, and road maintenance projects. The company has operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia, and Poland. YIT is headquartered in Helsinki, Northern Ostrobothnia, Finland.
Headquarters
Finland
Address
Panuntie 11, Pl 36, Helsinki, 00620
Website
www.yit.fi
Telephone
358 2 0433111
No of Employees
4,503
Industry
Construction
Ticker Symbol & Exchange
YIT (HEL)
Revenue (2022)
$2.3B
-10%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
100.8%
(2022 vs 2021)
Market Cap*
$534.9M
Net Profit Margin (2022)
XYZ
100.9%
(2022 vs 2021)
* As of and is in US$
YIT Corp premium industry data and analytics
Products and Services
| Services |
|---|
| Residential Construction |
| Business Premises Construction |
| Infrastructure Construction |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Stake Sale | In May, the company sold its stake in Tieyhtio Vaalimaa Oy to Meridiam Infrastructure Finance II S.a.rl. |
| 2024 | Contracts/Agreements | In May, the company entered into a contract with Cloudberry Development to develop a second complex adjacent to the front slopes of Levi Ski Resort. |
| 2024 | Contracts/Agreements | In April, the company partnered with Agrokoncernas Group to construct a cow farm complex in Radviliskis, Lithuania. |
Competitor Comparison
| Key Parameters | YIT Corp | Skanska AB | Peab AB | NCC AB | Lassila & Tikanoja plc |
|---|---|---|---|---|---|
| Headquarters | Finland | Sweden | Sweden | Sweden | Finland |
| City | Helsinki | Stockholm | Bastad | Solna | Helsinki |
| State/Province | - | - | - | Stockholm | - |
| No. of Employees | 4,503 | 26,543 | 14,000 | 12,243 | 7,686 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Harri Pekka Kaukonen | Chairman | Executive Board | 2018 | 60 |
| Tuomas Makipeska | Chief Financial Officer; Director | Executive Board | 2021 | 44 |
| Heikki Vuorenmaa | Chief Executive Officer; President | Senior Management | 2022 | 42 |
| Eero Heliovaara | Vice Chairman | Non Executive Board | 2018 | 66 |
| Jyri Luomakoski | Vice Chairman | Executive Board | 2023 | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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