YIT INCREASES ITS GROWTH TARGET

YIT INCREASES ITS GROWTH TARGET                                                 

YIT Corporation's Board of Directors has confirmed the Group's strategy for      2010-2012 on August 19, 2009. The key strategic target is profitable growth. The Group's annual revenue growth target has been increased to 5-10 per cent on      average. Previously, the target was positive growth in revenue. The Group's      other strategic target levels remain unchanged, and they are: return on          investment of 20 per cent, operating cash flow after investments must be         sufficient for dividend payout and reduction of debt, equity ratio of 35 per     cent and dividend payout of 40 to 60 per cent of net profit for the period.     

Service and maintenance operations are the focus of growth in Building and       Industrial Services                                                             

In Building and Industrial Services, YIT aims to be the leading provider of      technical system maintenance and a forerunner in energy-saving services in the   Nordic countries and Central Europe. The target is to increase the service and   maintenance operations faster than other operations, both organically and        through business acquisitions.                                                  

Growth in Construction Services Finland to focus on housing and infrastructure  

In Construction Services Finland, YIT's aim is to strengthen its position in all of its three key construction areas - housing, business premises and             infrastructure. With regard to residential construction, development projects    will be increased so that the turnover of capital is accelerated. In business    premises, the focus will be on developing and repairing existing properties      during the beginning of the strategy period. In infrastructure services, the     market position will be reinforced and maintenance activity will be increased.  

Use of invested capital will be made more effective in Russia                   

In Russia, YIT primarily pursues profitability and controlled growth. YIT has    invested capital mainly in residential development projects and related plots.   The use of capital will be made more effective with an extensive action          programme that has been initiated. The strong need for housing has not           decreased, and the demand outlook for residential units aimed at YIT's customer  segment is favourable in the long-term, which provides opportunities for growth.
In the Baltic countries and Central Eastern Europe, YIT will aim to take         advantage of emerging market opportunities.                                     

Capital market day on September 24                                              

YIT will arrange a capital market day for investors and analysts on September    24, 2009, to present the Group's strategy. A webcast of the presentation given   by President and CEO Juhani Pitkäkoski can be viewed live on the day in question starting at 9 a.m. (Finnish time, EEST) at www.yitgroup.com/webcast and          afterwards as a recording at the same address.                                                                                                                   

For further information, please contact:                                         Juhani Pitkäkoski, President and CEO, +358 20 433 3301, juhani.pitkakoski@yit.fi Petra Thorén, Senior Vice President, Investor Relations, +358 40 764 5462,       petra.thoren@yit.fi                                                             



YIT CORPORATION                                                                 

 Virva Salmivaara                                                                 Senior Vice President, Corporate Communications                                 

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