YIT to construct the Kymenlaakso Central Hospital expansion

YIT and Kymsote-Kiinteistöt Oy have signed a contract on the construction of the Kymenlaakso Central Hospital expansion, utilising a cooperative project management contract model. The value of the project is over EUR 50 million, which will be recorded in the company’s order backlog for the first quarter of 2021. The signed construction contract was preceded by a development phase that lasted approximately three months last autumn.

The future new-build expansion of the central hospital’s F building, is a 19,700-square-metre complex housing, for example, most of the hospital beds and the laboratory, pharmaceutical preparation and logistics.

The demolition of the old building and new-build preparatory work will begin at the end of February or at the beginning of March and the building will be completed and ready for commission in the autumn 2023.

For further information, please contact:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 576 0288, tommi.jarvenpaa@yit.fi
Tom Ekman, Executive Vice President, Business Premises, YIT Corporation, tel. +358 (0)40 771 2514, tom.ekman@yit.fi

YIT CORPORATION

Tommi Järvenpää
Vice President, Investor Relations

Distribution: NASDAQ Helsinki, major media, www.yitgroup.com

YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. Furthermore, we are specialised in complex infrastructure construction. Together with our customers, our nearly 8,000 professionals create more functional, attractive and sustainable cities and living environments. We operate in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2019, our revenue amounted to approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com/fi