YIT INCREASES ITS REVENUE GROWTH TARGET

 YIT INCREASES ITS REVENUE GROWTH TARGET                                         

YIT Corporation's Board of Directors confirmed the Group's strategy for          2011-2013 on August 18, 2010. The key strategic target is profitable growth. The Group's annual revenue growth target has been increased to more than 10 per cent on average. The previous target was an average annual revenue growth of 5-10 per cent. The Group's other strategic target levels remain unchanged: 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.     

Growth opportunities in current and new markets                                 

YIT seeks growth by strengthening its local market position and through          geographical expansion to new countries. Growth will be sought both through      acquisitions and organically. The business portfolio will be developed so that   YIT will be able to offer its customers an extensive range of services in all    project phases.                                                                 

Growth focus of Building and Industrial Services will be on service and          maintenance operations                                                          

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. Service and maintenance operations will be  increased at a faster rate than other operations. YIT aims to offer all services related to all building equipment systems close to its customers.               

Growth focus of Construction Services will be on own residential development     projects                                                                        

In Construction Services, YIT's aim is to reinforce its position in Finland in   all of its three key construction segments - residential, business premises and  infrastructure. YIT aims to be a forerunner in the Finnish residential market,   offering its customers the best service. In the business premise and             infrastructure markets, the aim is to increase the market share by meeting       customer needs accurately and competitively.                                    

In Russia, residential production will be increased according to market demand   in the current cities, and reputation as a reliable residential developer will   be strengthened. In the Baltic and Central Eastern European countries,           residential and business premise construction will be increased. Capital         turnover will be improved also in the future.                                   

Improving profitability remains a key objective                                 

Currently, the Group's return on investments falls short of the target level and was at the end of June 10.7 per cent from the previous 12 months. The Group's    return on investment target remains unchanged and is 20 per cent. Capital        turnover will be made more efficient. The importance of operating cash flow is   emphasised, regardless of economic cycles. Good profitability and cash flow      enable increasing dividends in line with the target.                            

Capital market day on September 2, 2010 in Stockholm                            

YIT will arrange a capital market day for investors and analysts on September 2, 2010, 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. 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 Hanna-Maria Heikkinen, Vice President, Investor Relations, +358 40 826 2172,     hanna-maria.heikkinen@yit.fi                                                    

 YIT Corporation                                                                 

Virva Salmivaara                                                                 Senior Vice President, Corporate Communications                                 

Distribution: NASDAQ OMX, principal media, www.yitgroup.com                     

 YIT is a leading European service company in building systems, construction      services and services for industry. We build, develop and maintain quality       living environments in the Nordic countries, Russia, the Baltic countries and    Central Europe. In 2009, YIT's turnover was EUR 3.5 billion. The Group has       23,500 employees. YIT's shares are listed on NASDAQ OMX Helsinki. YIT's largest  business segment is Building and Industrial Services, which provides services in all countries where YIT operates. In 2009, the segment's revenue was EUR 2,125   million and it employed 17,560 people. More information: www.yitgroup.com s