YIT announces new strategy and financial targets for 2025-2029, introduces a new segment structure
STOCK EXCHANGE RELEASE MARCH 23, 2009 at 10:15
YIT'S COMPARABLE FIGURES FOR 2008 ACCORDINGLY TO THE NEW BUSINESS SEGMENT STRUCTURE
YIT Group's business segment structure was revised as of the beginning of 2009 so that Building Systems and Industrial Services segments merged into a new segment, Building and Industrial Services.
Below is presented a summary of YIT's comparable figures for 2008 accordingly to the new business segment structure. In attachment the comparable figures are presented as they are reported in the Notes to the Financial Statements.
Revenue by business segment (EUR million)
-------------------------------------------------------------------------------- | | 1-3/2008 | 1-6/2008 | 1-9/2008 | 1-12/200 | | | | | | 8 | -------------------------------------------------------------------------------- | Building and Industrial Services | 507.8 | 1,096.9 | 1,683.0 | 2,396.0 | -------------------------------------------------------------------------------- | Construction Services Finland | 284.9 | 593.5 | 879.3 | 1,147.9 | -------------------------------------------------------------------------------- | International Construction | 154.3 | 273.8 | 397.1 | 493.5 | | Services | | | | | -------------------------------------------------------------------------------- | Other items | -20.0 | -46.0 | -70.4 | -97.7 | -------------------------------------------------------------------------------- | YIT Group, total | 927.0 | 1,918.2 | 2,889.0 | 3,939.7 | --------------------------------------------------------------------------------
Operating profit by business segment (EUR million)
-------------------------------------------------------------------------------- | | 1-3/2008 | 1-6/2008 | 1-9/2008 | 1-12/200 | | | | | | 8 | -------------------------------------------------------------------------------- | Building and Industrial Services | 31.5 | 72.5 | 116.0 | 162.0 | -------------------------------------------------------------------------------- | Construction Services Finland | 35.4 | 64.8 | 92.9 | 111.7 | -------------------------------------------------------------------------------- | International Construction | 16.1 | 22.2 | 18.2 | 9.0 | | Services | | | | | -------------------------------------------------------------------------------- | Other items | -4.4 | -10.4 | -14.9 | -22.0 | -------------------------------------------------------------------------------- | YIT Group, total | 78.6 | 149.1 | 212.2 | 260.7 | --------------------------------------------------------------------------------
Operating profit margin by business segment, %
-------------------------------------------------------------------------------- | | 1-3/2008 | 1-6/2008 | 1-9/2008 | 1-12/200 | | | | | | 8 | -------------------------------------------------------------------------------- | Building and Industrial Services | 6.2% | 6.6% | 6.9% | 6.8% | -------------------------------------------------------------------------------- | Construction Services Finland | 12.4% | 10.9% | 10.6% | 9.7% | -------------------------------------------------------------------------------- | International Construction | 10.4% | 8.1% | 4.6% | 1.8% | | Services | | | | | -------------------------------------------------------------------------------- | YIT Group, total | 8.5% | 7.8% | 7.3% | 6.6% | --------------------------------------------------------------------------------
Order backlog by business segment (EUR million)
-------------------------------------------------------------------------------- | | 3/2008 | 6/2008 | 9/2008 | 12/2008 | -------------------------------------------------------------------------------- | Building and Industrial Services | 1,048.0 | 1,021.3 | 1,284.1 | 1,050.2 | -------------------------------------------------------------------------------- | Construction Services Finland | 1,306.4 | 1,264.8 | 1,085.9 | 874.2 | -------------------------------------------------------------------------------- | International Construction | 1,381.7 | 1,483.7 | 1,678.2 | 1,369.3 | | Services | | | | | -------------------------------------------------------------------------------- | Other items | -109.1 | -99.4 | -83.3 | -60.0 | -------------------------------------------------------------------------------- | YIT Group, total | 3,627.0 | 3,670.4 | 3,964.9 | 3,233.7 | --------------------------------------------------------------------------------
Assets and liabilities (EUR million)
-------------------------------------------------------------------------------- | | Total | Total | | | assets | liabilities | | | 12/200 | 12/2008 | | | 8 | | -------------------------------------------------------------------------------- | Building and Industrial Services | 1,280,048 | 857,696 | -------------------------------------------------------------------------------- | Construction Services Finland | 861,142 | 674,935 | -------------------------------------------------------------------------------- | International Construction Services | 960,726 | 914,507 | -------------------------------------------------------------------------------- | Other items and eliminations | -162,540 | -349,232 | -------------------------------------------------------------------------------- | YIT Group, total | 2,939,376 | 2,097,906 | --------------------------------------------------------------------------------
Return on investment, last 12 months, %
-------------------------------------------------------------------------------- | | 12/2008 | -------------------------------------------------------------------------------- | Building and Industrial Services | 54,9% | -------------------------------------------------------------------------------- | Construction Services Finland | 28,0% | -------------------------------------------------------------------------------- | International Construction Services | 1,7% | -------------------------------------------------------------------------------- | YIT Group, total | 17,5% | --------------------------------------------------------------------------------
For further information, please contact: Sakari Ahdekivi, Chief Financial Officer, +358 20 433 2258, sakari.ahdekivi@yit.fi Petra Thorén, Senior Vice President, Investor Relations, +358 40 764 5462, petra.thoren@yit.fi
YIT CORPORATION
Veikko Myllyperkiö Senior Vice President, Corporate Communications
Distribution: NASDAQ OMX, principal media, www.yitgroup.com