Listing prospectus for YIT’s EUR 100 million secured green notes is available and the amendments to the terms of EUR 100 million green notes 2026 have become effective
Back
- Stock Exchange Release
- 27.04.2012 07:47 CET
CORRECTION TO THE ENGLISH VERSION OF YIT CORPORATION’S INTERIM REPORT JAN-MAR 2012
STOCK EXCHANGE RELEASE APRIL 27, 2012 AT 8:47 A.M.
CORRECTION TO THE ENGLISH VERSION OF YIT CORPORATION’S INTERIM REPORT JAN-MAR 2012
YIT Corporation corrects its English version of Interim Report for January-March 2012. The Guidance for 2012 in the Interim Report released at 8:00 a.m. is not fully equivalent with the Finnish version.
YIT Corporation’s guidance for 2012 is as follows.
GUIDANCE: The Group’s revenue based on segment reporting will remain on a par with 2011 and operating profit will increase compared to 2011.
YIT Corporation reiterates its estimate issued in connection with the financial statements for 2011 and according to which, in 2012, revenue will remain at the level of 2011 and operating profit will increase compared to 2011. The profit outlook is based on the segment-level reporting, i.e. recognition of income based on the percentage of completion.
With the improvement of profitability with the progress of the efficiency improvement programme, the Building Services Northern Europe business segment will support the growth of YIT’s operating profit for 2012, especially during the last two quarters of the year.
The high uncertainty over the general macroeconomic development may have a negative effect also on decision-making by YIT's customers and thereby the development and performance of YIT's business operations.
For additional information, please contact:
Hanna-Maria Heikkinen, Vice President, Investor Relations, YIT Corporation, tel. +358 40 826 2172, hanna-maria.heikkinen@yit.fi
YIT CORPORATION
Hanna-Maria Heikkinen
Vice President, Investor Relations
Distribution: NASDAQ OMX, principal media, www.yitgroup.com
YIT celebrates its 100th anniversary in 2012. The company was established in the Grand Duchy of Finland in 1912. Today, YIT is a leading European service company in building systems, construction services and services for industry. Our 26,000 professionals serve customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. We have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2011, YIT’s revenue was approximately EUR 4.4 billion. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com