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, Helsinki, 00620
Website
www.yit.fi
Telephone
358 2 0433111
No of Employees
4,121
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*
$687.3M
Net Profit Margin (2023)
XYZ
-4,535.7%
(2024 vs 2023)
* As of and is in US$
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 | Others | In March, the company commenced construction of 28 new YIT Homes, Asunto Oy Kaarinan Sudenkorento in Kaarina, Finland. |
| 2026 | Plans/Strategy | In January, the company announced its plans to acquire the rail services business of Electric Power Finland Oy. |
| 2025 | Contracts/Agreements | In December, the company signed a development-phase agreement with the Municipality of Tuusula for the Tuusula health and social services center and the Varuskunnanaukio parking facility project. |
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 | Espoo |
| State/Province | - | Stockholm | - | Stockholm | - |
| No. of Employees | 4,121 | 25,865 | 12,962 | 11,440 | 721 |
| 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 |
| Tuomas Makipeska | Chief Financial Officer | Senior Management | 2021 | 48 |
| Peter Forssell | Executive Vice President - Building Construction Segment | Senior Management | 2024 | 57 |
| 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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