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
STOCK EXCHANGE RELEASE Sept. 19, 2006 at 14:15
YITS TARGET FOR OPERATING PROFIT IS 9% OF REVENUE
On September 19, 2006, YIT Corporations Board of Directors confirmed the financial target levels for the strategic period from 2007 - 2009. A Group-level target for the operating profit margin (EBIT) was set for the first time. The operating profit target that was set is 9 per cent of revenue.
The other financial target levels were not amended: average annual revenue growth of 10 per cent, return on investment of 22 per cent, an equity ratio of 35 per cent and a dividend payout ratio of 40-60 per cent of earnings after taxes and minority interest.
In 2005, the YIT Groups operating profit amounted to 7.5 per cent of revenue, while revenue growth was 8.8 per cent, return on investment 26.4 per cent, the equity ratio 36.3 per cent and the dividend payout ratio 43.7 per cent.
For additional information, contact:
Sakari Toikkanen, Executive Vice President, YIT Corporation, tel. +358 20 433 2336 Petra Thorén, Vice President, Investor Relations, YIT Corporation, tel. +358 20 433 2635
YIT CORPORATION
Veikko Myllyperkiö Vice President, Corporate Communications
Distribution: Helsinki Stock Exchange, principal media, www.yitgroup.com