YIT has signed a contract on the renovation of the K2 city block with Senate Properties
YIT Corporation Investor News June 26, 2019 at 08.00 a.m.
In 2019, YIT has successfully won state road maintenance contracts in Kankaanpää, Kouvola, Kuusamo, Salo, Vantaa and Äänekoski. With these contracts, YIT’s market share will remain strong, at the 2018 level.
Additionally, YIT has also won the regional Pakila street maintenance contract awarded by the City of Helsinki.
The contracts will commence on October 1, 2019 and will last for five years. The total value of the contracts is approximately EUR 86 million, and they will be booked in the order backlog of the second quarter of the year.
For further information, please contact:
Tiina Kuusisaari, Investor Relations Manager, YIT Corporation, tel. +358 (0)40 528 8154, tiina.kuusisaari@yit.fi
Heikki Vuorenmaa, Executive Vice President, Paving segment, YIT Corporation, tel. +358 (0)50 482 0832, heikki.vuorenmaa@yit.fi
YIT CORPORATION
Hanna Jaakkola
Vice President, Investor Relations
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic Countries, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com
