YIT as an investment

Why invest in YIT?

Clear focus and profitable growth in housing, large land bank, strong brand and market position.

YIT is a leading construction and development company. Building on over 110 years of experience, we develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, and infrastructure to support the green transition.

Revenue

2.2 B€

Osinko

-
The Annual General Meeting decided on 14 March 2024 to approve the proposal of the Board of Directors to not distribute dividend.

Personnel

~4,300

Customer offeringCustomer offering

Housing

We build highly functional and sustainable homes and living environments in growing cities. We provide the framework for easy and convenient housing that is aligned with the principles of sustainable development.

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Business premises

We build and renovate commercial and public premises to ensure optimal usability throughout the life-cycle.

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Infrastructure

We build tracks, rails, roads, bridges, tunnels, halls and facilities in challenging environments. We also maintain roads, streets and green areas to make it smoother for people, businesses and society to live a sustainable life.

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Operating environmentOperating environment

YIT operates in eight countries: Finland, Sweden, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. YIT is the market leader in Housing business in Finland and a major player in Poland, the Czech Republic and Slovakia.

YIT announced on January 2024 that as a result of the strategic review, YIT had decided to close down its infrastructure business in Sweden.

An up-to-date description of the regional market outlook in the latest financial report

YIT's locations on map and businesses in different market areas

StrategyStrategy

YIT strategy 2025–2029: Strong performance in all market conditions

During the strategy period 2025–2029, YIT focuses on strengthening its resilience and providing sustainable value creation to all its stakeholders.

There are three strategic priorities for 2025–2029: to generate targeted growth and resilience, to deliver industry-leading productivity and financial performance and to elevate customer and employee experience.

Financial targetsFinancial targets

YIT will assess the success of its strategy with the following group financial targets to be reached by the end of 2029.

Adjusted operating profit margin
> 7%

Return on capital employed
> 15%

Annual net sales growth
> 5%

CAGR to baseline year 2024

In addition, YIT has introduced a financial framework and non-financial targets for the strategy period.

Financial framework: 

Dividend payout ratio at least 50%, subject to fulfillment of certain conditions in current financial agreements

Net debt to equity in the range of 30-70% over the cycle

Non-financial targets: 

Maintain high customer NPS level of over 50 across the operations

Employee NPS at least 50

Combined Lost Time Injury Frequency (cLTIF) below 5 in all operations

SBTi commitment implemented by 2030 (scope 1 & 2 CO2 -90% and scope 3 -30%)

The targets set for the strategy period include an assumption of the Finnish residential market recovering to a historical average level during the period. YIT’s view of 2010-2020 average self-developed multi-family residential starts in Finland is approximately 16,000 apartments per year.

YIT as a responsible investmentYIT as a responsible investment

We want to be builders of future-proof urban environments. Being future-proof means operating responsibly and in accordance with sustainable development, which allows the products we build and the world around us to maintain their value in the future.

The most material sustainability themes for YIT are:

We enable sustainable lifestyle for our customers
Reducing environmental impact of own operations
Occupational safety
Good governance and preventing corruption and gray economy
Safeguarding biodiversity
Promoting competence development of our personnel
Respecting human rights
Responsible subcontracting and procurement

Climate targets

1.5°

YIT commits to the Science Based Targets initiative (SBTi) to limit global warming to 1.5 degrees in line with the Paris Climate Agreement. YIT is the first Finnish construction company to commit to reducing emissions from both its own operations and its value chain in accordance with the Science Based Targets Initiative. With this commitment, YIT strengthens its previous climate work and updates its current climate targets to be more comprehensive, which will also reduce the emissions of YIT's customers.

Our sustainability targets