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- Stock Exchange Release
- 02.09.2010 08:00 CET
YIT'S PRESENTATIONS AT CAPITAL MARKETS DAY IN STOCKHOLM ON SEPTEMBER 2, 2010
STOCK EXCHANGE RELEASE SEPTEMBER 2, 2010 AT 09:00 A.M.
YIT'S PRESENTATIONS AT CAPITAL MARKETS DAY IN STOCKHOLM ON SEPTEMBER 2, 2010
On Thursday, September 2, 2010 YIT holds a Capital Markets Day for investors and analysts in Stockholm, Sweden. The focus of the event will be on YIT's strategy for 2011-2013 and how YIT seeks profitable growth in its current and new markets.
In terms of business operations, the focus of growth is on the service and maintenance operations of building systems as well as on residential construction. Building system services will be increased in the Nordic countries and Central Europe, while residential construction is increased in Finland, Russia, the Baltic countries and Central Eastern Europe. The Group's potential new market areas include, in the area of building system services, Great Britain, Netherlands and Belgium, and in the area of construction services, Poland.
Central to the Group's strategy are solutions to improve energy-efficiency, the demand for which is increasing. Energy consumption of buildings or industrial facilities can be lowered considerably through construction, building systems and industrial services. There will be estimated investments of around EUR 35 billion in construction of wind power and nuclear power plants in the Baltic Sea region during the next decade, which offers great potential for YIT's services. On Capital Markets Day, there will be a separate presentation concerning YIT's energy services.
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, whereas the previous target for annual revenue growth was 5-10 per cent on average. Growth will be sought both through acquisitions and organically.
Webcast
A webcast of the presentation given by President and CEO Juhani Pitkäkoski can be viewed live on the day in question starting at 9:00 a.m. local time (CEST) at www.yitgroup.com/webcast. A recording will be available at the same address by 16:00 p.m.
Conference call
Investors and analysts can also participate in the event through a conference call. Conference call participants are requested to call a minimum of five minutes prior to the start of the event, at 8:55 a.m. in +44 (0)20 7162 0077 or +49 (0)695 8999 0507. The conference call will be open during the CEO's presentation at 9-10 a.m.
Presentation materials
All YIT Capital Markets Day materials will be available on the company's Internet site at www.yitgroup.com/investors approximately at 9 a.m. local time (CEST) on September 2, 2010
For further information, please contact: 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 over 25,500 employees. YIT's shares are listed on NASDAQ OMX Helsinki. More information at: www.yitgroup.com