YIT Corp - Company Profile
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Business Description
YIT Corp (YIT) is a construction service provider. It develops and builds apartments, living services, business premises, and entire areas. The company focuses on creating sustainable living environments and infrastructure to support the green transition. YIT Corp's business portfolio includes the development and construction of sustainable homes and living environments in growing cities, commercial and public buildings, and infrastructure projects such as train tracks, railways, roads, bridges, and tunnels. The company serves a diverse range of customers, including private consumers, investors, owner-occupiers, and public sector clients. YIT's projects include residential areas, holiday homes, office and commercial buildings, sports facilities, hotels, logistics and industrial buildings, hospitals, schools, and multipurpose buildings. The company also engages in renovation projects, life-cycle services, and special infrastructure construction work. YIT operates in Finland, Estonia, Lithuania, Latvia, the Czech Republic, Slovakia, and Poland.
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R&D Overview
The company's R&D initiatives in 2025 were guided by the company's strategic priorities, focusing on customer experience, productivity, and sustainability. Its investment in R&D included internal resource allocation, consulting, and technology investments. Key initiatives included improving sales and customer experience, enhancing project and risk management capabilities, advancing industrial construction methods, and promoting sustainability through a low carbon future and ESG reporting. The company also focused on developing master data, financial management systems, and utilizing artificial intelligence in daily work. The R&D activities at YIT Corp are managed through a development operating model that emphasizes cooperation between business segments and support functions. This model covers planning, budgeting, resourcing, project management, change management, and result evaluation, and is aligned with the company's strategic priorities. In FY2025, YIT spent EUR13 million on its R&D activities, which as a percentage of revenue stood at 0.7%.In FY2024, YIT spent EUR15 million on its R&D activities, which as a percentage of revenue stood at 0.8%.
Business Segments
Overview
Carries out new construction and renovation works on the premises and is responsible for the usability, energy efficiency, and maintenance of its lifecycle buildings.
Performance
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Overview
- Carries out construction of metro stations, harbours and parking facilities, railways, roads, bridges, water supply, industrial and power plants. - Offers wind power foundation solutions, services and maintenance. - Provides excavation and soil reinforce services of tunnels and mines. - Operates in Finland and Sweden.
Performance
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Overview
Constructs and develops business premises such as offices, retail premises, sports, hotel, commercial, logistic and industrial buildings care facilities in Finland, Estonia, Latvia, Lithuania, Poland and Slovakia. Offers commercial property and facilities management and renovations services.
Performance
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Overview
Carries out development and construction of apartments, entire residential areas and leisure-time residences in Finland.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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