YIT Corp - Company Profile
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YIT Corp (YIT) is a provider of construction services specializing in developing and building apartments, living services, business premises, and infrastructure. Its main activities include project development, construction, and maintenance of residential, commercial, and public buildings, and infrastructure projects such as roads, railways, and bridges. YIT offers a range of services, including housing concepts, business premises projects, and infrastructure construction expertise. Its products and services cater to private consumers, investors, and public sector clients across various industries, including residential, commercial, and industrial sectors. The company operates in multiple geographic locations, including Finland, Estonia, Lithuania, Latvia, the Czech Republic, Slovakia and Poland, targeting these markets for its construction services. YIT is headquartered in Helsinki, Finland.
Headquarters
Finland
Address
Panuntie 11, Pl 36, Helsinki, 00620
Website
www.yit.fi
Telephone
358 2 0433111
No of Employees
4,052
Industry
Construction
Ticker Symbol & Exchange
YIT (HEL)
Revenue (2024)
$2.0B
-15.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-3866.7%
(2024 vs 2023)
Market Cap*
$723.1M
Net Profit Margin (2023)
XYZ
-4,535.7%
(2024 vs 2023)
* As of and is in US$
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 |
|---|---|---|
| 2026 | Plans/Strategy | In June, the company and AB Via Lietuva announced plans to deliver seven road construction projects in Lithuania for EUR30 million. |
| 2026 | Contracts/Agreements | In April, the company signed a contract with Lappeenranta Student Housing Foundation to build student apartments with long-term interest-rate subsidies under a design-build contract (KVR) in Kesamaki, Lappeenranta, Finland. |
| 2026 | Contracts/Agreements | In April, the company and Usaldusfond EfTEN Special Opportunities Fund formed a joint venture to develop the Piliamiestis residential area in Kaunas, Lithuania. |
Competitor Comparison
| Key Parameters | YIT Corp | Skanska AB | Peab AB | NCC AB | SRV Group Plc |
|---|---|---|---|---|---|
| Headquarters | Finland | Sweden | Sweden | Sweden | Finland |
| City | Helsinki | Stockholm | Bastad | Solna | Helsinki |
| State/Province | - | Stockholm | - | Stockholm | - |
| No. of Employees | 4,052 | 26,043 | 13,000 | 11,440 | 716 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jyri Luomakoski | Chairman | Executive Board | 2024 | 59 |
| Casimir Lindholm | Vice Chairman | Executive Board | 2022 | 55 |
| Heikki Vuorenmaa | Chief Executive Officer; President | Senior Management | 2022 | 45 |
| Peter Forssell | Executive Vice President - Building Construction Segment | Senior Management | 2024 | 57 |
| Markus Pietikainen | Chief Financial Officer | Senior Management | 2025 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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