Duyuru • Mar 11
YIT Corporation Launches Construction Of 36 New YIT Homes In Energy Class A In Ranta-Tampella, Tampere YIT started the construction of a self-developed residential apartment building, Asunto Oy Tampereen Näsinsäde, in the Ranta-Tampella area of Tampere. The nine-storey apartment building, located approximately a ten-minute walk from Tampere city centre, will comprise 36 new YIT Homes. As part of the project, YIT will also construct a section of the block's shared parking facility located beneath the deck courtyard. The parking facility will include reservations for electric vehicle charging points. The value of the project is over EUR 17 million. The apartments range in size from 30 to 82 square metres, offering homes from functional studios to spacious three-room apartments. Particular attention has been paid to functional layouts and practical storage solutions. Residents' everyday life is made easier by a variety of shared facilities, including a laundry room, drying room, residents' common space and a bicycle maintenance point. Located close to Lake Näsijärvi and built on its own plot, Asunto Oy Tampereen Näsinsäde will be constructed in line with the A energy class requirements. The building will be equipped with a solar power system installed on the roof. The apartments will feature water-circulating underfloor heating as well as apartment-specific, centrally controlled efficient cooling. The YIT Homes in Asunto Oy Tampereen Näsinsäde are scheduled for completion in December 2026. YIT has been building residential apartment buildings in the Ranta-Tampella area since 2016. Duyuru • Jan 08
Yit Corporation Appoints Mari Puoskari as Evp, Residential Finland Segment, Effective July 8, 2026 YIT Corporation has appointed Mari Puoskari (M.Sc. Tech.) as EVP, Residential Finland segment and a member of YIT’s Leadership Team, Effective July 8, 2026, at the latest. She currently serves as CEO of Pilke Päiväkodit Oy and Dibber Sverige Ab. Mari Puoskari brings over 20 years of experience in both corporate and public roles. Prior to her current position, she was CEO of FCG Finnish Consulting Group and has also held senior business leadership roles at Pöyry and Ekokem. In addition, Mari has served in several public positions, including as Chair of the Helsinki City Council from 2013 to 2016. She has served as CEO of Pilke Kindergartens since 2022 and CEO of Dibber Sverige Ab since 2024. Previously, she was Group CEO of FCG Finnish Consulting Group from 2018 to 2022, President of Environment at Pöyry from 2017 to 2018, and held various leadership roles at Ekokem from 2013 to 2016. She is a member of the board at Remeo Oy since 2019 and A-Insinöörit since 2023, a member of the advisory board at LUT University since 2022, and a member of the supervisory board at Elo since 2023, where she also serves as vice chairman and a member of the election committee from 2026. Heikki Vuorenmaa will continue as interim leader of the Residential Finland segment, alongside his duties as the CEO, until Mari Puoskari assumes the role. Duyuru • Jan 07
Yit Launches Self-Developed Residential Project in Oulu: the Construction of Asunto Oy Oulun Merijalinportti YIT has launched a self-developed residential project in Oulu: the construction of Asunto Oy Oulun Merijalinportti. The project consists of 36 new YIT Homes in two buildings, an apartment building and a terraced house. The value of the project is almost EUR 15 million. Construction began in December 2025 and is slated to be complete in September 2027. The apartment building located in Oulu's Lansi-Tuira will have about 1 900 square meters of living area. Almost all homes have a spectacular view on the river. The Merijalinportti residential building will include cozy high-class homes. The unique, protected and charming old log building will be restored on the outside and completely renovated on the inside with two-story terraced house apartments. The apartment sizes will range from 27.5 to 112.5 square meters, with choices from many different floor plans, from studios to five-room apartments with kitchens. Lansi-Tuira's Merijalinranta is a fifteen-minute walk from all everyday services, with lush greenery right outside the windows. Parking is mainly underground in the parking garage, with elevator access for residents of the apartment building. Residents get to live in comfort thanks to the building's sheltered and fenced courtyard. Duyuru • Oct 31
YIT Oyj, Annual General Meeting, Mar 19, 2026 YIT Oyj, Annual General Meeting, Mar 19, 2026. Duyuru • Oct 14
YIT Launches Construction of Residential Apartment Building Called Asunto Oy Espoon Vesta YIT has started the construction of a self-developed apartment building called Asunto Oy Espoon Vesta in the Marinranta block, in Kivenlahti, Espoo. A total of 30 homes will be built in the eight-story residential building. The value of the project is approximately EUR 15 million. The homes are slated for completion by the end of 2026. The apartment building, located near the sea and the metro station, will house a living area of approximately 2,500 square meters. Espoo's Vesta apartments will be 59-148.5 square meters in size, and residents can select their new home from a variety of floor plans ranging from two to six rooms. In the Marinranta block, the shared spaces are also first class in quality. Residents will have access to the block's joint lounge space, a fitness facility, three saunas and a hotel-level guest room. The house will be built in line with the A energy class requirements, and solar panels will be mounted on the roof to generate some of the energy required by the property. Apartment-specific monitoring of cold and hot water consumption will help save water. A carbon footprint calculation has been made for the project, helping in the choice of materials that burden the environment less during the construction phase. During construction, only electricity generated with wind power will be used on the worksite and at least 75% of the waste generated on the worksite will be sorted for recycling. Vesta's parking spaces will be built in a common parking garage in the area and have reservations for a charger for electric vehicles. For added comfort, the housing company will be smoke-free, which has also been recorded in its articles of association. Duyuru • Aug 25
YIT Is Developing A New Circular Economy Pilot Block in Vallila, Helsinki YIT is launching the development of block 697 of approximately 1.5 hectares in Vallila, Helsinki. The goal is to create a more versatile and significantly greener urban block that will serve as a pioneer in sustainable urban construction and circular economy in construction. The project will be carried out in close cooperation with the City of Helsinki and experts in various fields. The block owned by YIT since 2020 is located in the area delineited by the Teollisuuskatu, Sturenkatu, and Telekatu streets. A reference plan has been drawn up for the area, the aim of which is to enliven the Vallila area in accordance with the city's objectives. The plan is based on principles of resource knowledge and a comprehensive application of circular economy solutions--more extensively than in any previous Finnish project. The starting point of the planning work is respect for the industrial history and identity of the area, combined with advanced urban development. The block will become a dense, much greener and more versatile entity where housing, work and leisure are intertwined into a vibrant urban space. The oldest parts of the block, which have historical and scenic value, will be preserved and integrated into the new urban block. The existing building stock will be used for new purposes. Three comfortable courtyard areas are planned for the block, as well as a new pedestrian connection through the block from Teollisuuskatu to Elimaenkatu, which will be connected to the streets of the Vallila area. New public spaces are planned for the buildings' ground floors, which will promote communal and lively street space. Material flows within the block will follow circular economy principles. The aim is to recover and reuse as many building components as possible--such as hollow-core slabs, columns, beams, suspended ceilings, and interior glass walls--within the same block. In the plans, the green factor has been increased tenfold from the current level. An extensive ground-supported yard is planned to be built in the block, using largely recycled material from the project. Green structures and vegetation will promote carbon sequestration and biodiversity. The circulation of materials, stormwater, carbon and nutrients will be integrated as part of the whole. The block will be planted with multi- species vegetation, large-growing trees and meadow-like roof gardens. The land use planning process will progress in stages during 2025-2027, and the plan proposal is expected to be available in spring 2026. The final decision-making process will take place in 2027. Duyuru • Aug 16
YIT Launches A Terraced and Semi-detached House Project for 16 New Homes in Ylasto, Vantaa YIT will start the construction work for the self-developed low-rise building project Asunto Oy Vantaan Seppa in the Ylasto low-rise area in Vantaa. Vantaan Seppa will include 16 homes, ranging from three-room to five-room apartments. The terraced houses will be two-storied and the semi-detached house will be one-storied. The value of the project is just under EUR 8 million. Construction will begin in August, and the homes are scheduled to be completed in the summer of 2026. The living area will be approximately 1,400 square meters and the bright, spacious, and functional homes will range from 74.5 to 105 square meters. Each apartment will have a private yard, a covered terrace, and a cold storage room right next to the entrance of the apartment. Storage space will also be available in the semi-heated residential storage room in the outbuilding. The terraced apartments will also have a balcony. The project includes a carport for 12 cars and yard parking spaces for eight cars. The houses will be built to meet energy class A standards. They will feature geothermal heating and solar panels that will generate electricity for the common needs of the housing company. Finnish wood will be used in the construction of the low-rise buildings. The facade elements will be manufactured at YIT's factory in Hameenlinna. During construction, only renewable electricity will be used on the worksite and at least 75% of the waste generated on the worksite will be sorted for recycling. In selecting plants for the yard, emphasis has been placed on supporting biodiversity. All parking spaces will be equipped with electric vehicle charging infrastructure. Residents can order a charging device as an alteration. Duyuru • Aug 08
YIT Launches Self-Developed Housing Project with 35 Apartments YIT is starting the construction of a self-developed apartment building project called Asunto Oy Keravan Tahkio in the center of Kerava. The seven-storey residential building will have 35 homes. The value of the project is just under EUR 10 million. Construction will begin in August and the building is scheduled for completion during summer 2026. The apartment building's location is the best in Kerava. It has approximately 2,100 square meters of living space. Keravan Tahkio's apartments will range from 28 to 101.5 square meters in size, and residents may choose their new home from a variety of floor plans, ranging from studios to four-room apartments. The building will be built to meet the A energy class requirements. Its heating and summer cooling will be carried out with geothermal heat, and solar panels will be installed on the roof to generate some of the electricity used in the building. Apartment-specific monitoring of cold and hot water consumption will help save water. A carbon footprint calculation has been made for the project and, during the design phase, it enabled the choice of materials and solutions that put less burden on the environment. During construction, only renewable electricity will be used on the construction site and at least 75% of the waste generated on the site will be sorted for recycling. Keravan Tahkio residents will have 21 parking spaces in the block's shared parking building. All parking spaces in the car park are equipped for electric vehicle charging points. Before the completion of the block's car park building, YIT will arrange temporary parking for residents in the neighboring plot. Duyuru • May 02
Yit Starts A New Residential Apartment Building Project, Asunto Oy Kuopion Maaherra YIT is starting the construction of a self-developed apartment building project called Asunto Oy Kuopio Maaherra in the center of Kuopio. The five-storey residential building will house 51 homes, two commercial premises, and a parking facility with 30 spaces. The value of the project is approximately EUR 15 million. The construction works were started in April, and the project is due to be finished by the end of 2025. The apartment building, which will be built on its own plot in the best location in the city center, will house residential spaces of about 2,700 square meters and business premises with a total area of about 160 square meters. Kuopion Maaherra's apartments waill range from 26 to 116 square meters in size, and residents may choose their new home from a variety of floor plans, ranging from studios to four-room apartments. In Maaherra, the shared spaces are also first class. Residents will have access to an atmospheric sauna with a terrace for cooling down, a club room for activities such as remote work, and a shared car. The house will be built in line with the A energy class requirements, and solar panels will be mounted on the roof to generate some of the energy required by the property. Apartment-specific monitoring of cold and hot water consumption helps save water. A carbon footprint calculation has been made for the project, helping in the choice of materials that burden the environment less during the construction phase. During construction, only renewable electricity will be used on the construction site and at least 75% of the waste generated on the site will be sorted for recycling. Some of the parking spaces are ready for an electric car charging point. For added comfort, the housing company will be smoke-free, which has also been recorded in its articles of association. Duyuru • Apr 04
YIT Corporation's Announces Composition of its Committees YIT Corporation's Board of Directors held its organizational meeting on April 3, 2025. In the meeting, the Board decided on the composition of the Personnel Committee. From among its number, the Board elected Kerttu Tuomas as chairperson and Jyri Luomakoski and Leena Vainiomäki as members of the Personnel Committee. The task of the Personnel Committee is to assist the Board of Directors in matters related to the appointing and rewarding key personnel. Its duties include preparing proposals for the development of corporate culture and personnel policy and terms of remuneration and incentive schemes, as well as the performance bonus rules and performance bonuses for the management. The committee oversees the talent identification process, key personnel development, and succession planning for the management, in addition to preparing the remuneration policy and the remuneration report for governing bodies. Duyuru • Mar 13
YIT Starts Construction of the Asunto Oy Espoon Seaside Residential Apartment Building Project YIT starts construction of the Asunto Oy Espoon Seaside residential apartment building project. YIT is starting the construction of the self-developed Asunto Oy Espoon Seaside project in Keilaniemi, Espoo. The 15-storey residential building will have a total of 83 homes. The value of the project is approximately EUR 50 million. Construction will begin in March, and the project is due to be finished by the end of 2026. The apartments in Espoo Seaside have floor areas of 48-118.5 square metres. The residents will have access to shared workspaces, a lounge and sauna facilities with terraces with a view to the sea and the seaside promenade. Some of the apartments have unobstructed views over the sea and the first-floor homes have large yards facing the sea. The ground floors of two apartments, on the same level with the Waterfront Walkway, feature workspaces 42-49 square metres in size. A cozy children's playground and a green roof waste room will be built in the yard. A parking hall below the yard deck features 19 parking spaces with electric vehicle charging infrastructure. Plans for Seaside include a shared water sports warehouse for stand-up paddleboards and kayaks with the neighboring building. The apartments feature underfloor heating and cooling connected to the district heating network and preparedness for an air source heat pump. Some of the homes also have a ceiling radiator panel. Apartment-specific cold and hot water consumption monitoring helps to save water. During construction, only renewable electricity will be used on the construction site. At least 75% of the construction waste at a construction site is being sorted for recycling. Seaside will be built in a unique residential area built between Keilaniemi's modern office buildings. There are future plans for a sea swimming pool, waterfront saunas and a stop for scheduled boats to the archipelago in the area. Keilaniemi is served by good connections; the metro is a few minutes' walk away and shopping centre Ainoa's services are a four minutes' metro ride away. The Jokeri Light Rail terminus is approximately 300 metres away. Duyuru • Jan 09
YIT Starts the Construction of A Self-Developed Project in Raseborg YIT has started the construction of a self-developed row house and apartment building called Asunto Oy Raaseporin Norra Marina on the shore of Ekenas' North Harbor. Construction began in December 2024 and the new homes will be completed in December 2025. The value of the project is approximately EUR 13 million and it will be recorded in the order book for the last quarter of 2024. The project comprises a total of 34 high-quality homes, including 12 two-storey row houses and 22 apartments. The scope of the project is approximately 3,100 square meters of floor space. With its seaside location, North Harbor combines a beautiful archipelago and marine nature with easy access to the diverse services in the center of Ekenas. The jetty planned for the housing company will be located about 20 meters from the communal yard. Homeowners will have the opportunity to acquire a mooring in North Harbor at the housing company's own jetty. The properties will also make an excellent second home. Every home in Norra Marina will be equipped with a glazed balcony or terrace. In addition, the row houses will have a fireplace reservation. Asunto Oy RaasEPorin Norra Marina is an environmentally friendly home, and at different stages of its design and construction, choices are made for the benefit of nature. Norra Marina will be built in line with the energy class A requirements. The floors and domestic water will be heated with geothermal heat, and solar panels will help to cover the electricity required by the building technology and shared facilities. Low-carbon hollow-core slabs and facade bricks will be used in the housing company, which will reduce carbon emissions. During construction, only electricity produced with renewable energy is used on the worksite. On the worksite, any construction waste generated will be sorted and the amount of mixed waste will be minimized. Most of the housing company's parking spaces will have a reservation for a charger for electric vehicles. The apartments will range from two-room apartments to spacious five-room family homes. The residents of Norra Marina will share a sheltered yard equipped with children's play areas. Duyuru • Dec 31
YIT Corporation Starts the Construction of a Self-Developed Apartment Building on the Shore of Lake Tohloppi YIT Corporation has started the construction of a self-developed apartment building called Asunto Oy Tampereen Ohjaaja in the new residential area of Tohlopinranta. Construction work kicked off in November 2024 and the new homes will be completed in December 2025. The value of the contract is approximately EUR 11 million, and it will be recorded in the order book for the fourth quarter of 2024. The six-storey apartment building on the shore of Lake Tohloppi will house a total of 38 apartments, ranging from 23 m2 to 100.5 m2 in size. The scope of the construction project is approximately 2,900 gross square meters. All the apartments will be equipped with a balcony. The apartments will be heated with water-circulating ceiling heating panels, which can also be used for cooling in the summer. This allows for good views from the large windows as radiators do not take up wall space. Asunto Oy Tampereen Ohjaaja is an environmentally friendly building, where environmental matters are considered in all choices throughout the design and construction stages. The eco-friendly building also makes it easy for the residents to make green choices in their day-to-day lives. The housing company built in line with the A energy class requirements will be heated with district heating, in addition to which the building will be equipped with solar panels. Parking spaces will be available in the block's shared Kiinteistö Oy Tohlopinranta Pysäköinti parking facility, and they will have a reservation for electric vehicle chargers. During construction, only renewable electricity will be used on the construction site. Construction waste generated onsite will be sorted and the amount of mixed waste will be minimised. The new homes will be located close to nature on the shore of a lake, offering great opportunities for a variety of summer and winter activities. The accessible nature trail travelling around the lake allows residents to enjoy the diverse nature of Lake Tohloppi and Epilänharju and the two beaches located on the lakeshore. By the time Ohjaaja will be completed, the district will offer even more pleasant surroundings as the traffic currently using the street will be moved further away from the lake next to the train track, and the City of Tampere will convert the street to a green park area. Duyuru • Dec 09
YIT Corporation Announces Management Changes YIT Corporation announced Antti Inkilä, EVP, Housing segment, is leaving YIT and will pursue his career outside the company. He leaves YIT on 31 December 2024. YIT announced in November 2024 that to enhance focus and transparency and to accelerate the speed of strategy execution in the residential operations, the Housing segment will be divided into two separate operating segments and renamed to Residential Finland and Residential CEE. YIT has appointed Heikki Vuorenmaa as interim leader of the Residential Finland segment and CFO Tuomas Mäkipeska as interim leader of the Residential CEE segment in addition to their own position. The search for a permanent leader to the Residential Finland segment begins immediately. Members in the YIT Group Management Team from 1 January 2025: Heikki Vuorenmaa, President and CEO; interim EVP, Residential Finland segment; Peter Forssell, EVP, Building Construction segment; Juha Kostiainen, EVP, Urban Development and ESG; Aleksi Laine, EVP, Infrastructure segment; Tuomas Mäkipeska, CFO, interim EVP, Residential CEE segment; Deputy to the President and CEO; Jennie Stenbom, EVP, People and Culture. Duyuru • Dec 03
YIT Launches the Construction of A Residential Apartment Building in Tampere YIT has started the construction of a self-developed residential apartment building, the Asunto Oy Tampereen Kesätuuli, in the Niemenranta residential area of Tampere. Construction began in November 2024 and the new homes will be completed in December 2025. The value of the project is approximately EUR 11 million and it will be recorded in the order book for the last quarter of 2024. The picturesque Niemenranta combines urban living with excellent transport connections and a beautiful lakeside setting. The eight-storey apartment building on the shore of Lake Näsijärvi will have a total of 48 apartments, which range from 29.5 m² to 94.5 m² in size. The scope of the project is about 3,300 gross square meters. Every Kesätuuli home has a balcony or terrace. In addition, all the apartments have a ventilation unit equipped with heat recovery, ensuring high-quality, fresh indoor air. The apartments range from studio apartments to four-room spacious family homes. The floor plans and surface materials have been carefully designed with the comfort of living in mind. The building houses shared facilities that bring added ease to day-to-day living and affords great views over the adjacent park and Lake Näsijärvi. Asunto Oy Tampereen Kesätuuli is an environmentally friendly home, and at every stage of its design and construction, choices are made for the benefit of nature. It also enables the residents make environmentally friendly choices in their everyday lives. Kesätuuli will be built in line with the A energy class requirements. The apartments and domestic water will be heated with geothermal heat, and solar panels help to cover the electricity consumption of building technology and shared facilities. During construction, only renewable electricity is used on the construction site. The construction waste generated is sorted and the amount of mixed waste is minimized. Reservations will be made for electric vehicle charging points at all of the housing company's parking spaces. Niemenranta's waterfront routes and cozy parks help take the mind off everyday chores. Amenities and nature can be found on the doorstep and the tram will start running to Niemenranta at the beginning of 2025. Duyuru • Oct 30
YIT Launches Construction of A Residential Apartment Building in Mustasaari YIT has launched the construction of a self-developed residential apartment building, named Bostads Ab Korsholms Berius Asunto Oy, in Mustasaari near Vaasa. In December 2022, the housing company Astrakan was built on the same idyllic Omenalaakso plot, with the new building bringing the plot's construction to completion. Located in green, leafy surroundings, the six-storey building will house 40 flats, all of them with a balcony. The scope of the project is approximately 3,000 gross square metres, and its value is approximately EUR 9 million. The new homes are scheduled for completion by the end of 2025. Berius is built in line with energy class A requirements. Residents will be able to monitor their water consumption via the YIT Plus service. Throughout the construction, only renewable energy will be used on the worksite and at least 75% of the waste generated will be recycled. Finished with high-quality surface materials and appliances, the flats will range from 27 to 102.5 square metres in size. Several of the housing company's parking spaces will be equipped with chargers for electric vehicles. The yard area shared by the two buildings will be equipped with an outdoor gym, recreational space with a barbecue shelter, and a play area. Duyuru • Sep 11
YIT Oyj Announces Composition of Nomination Board YIT Oyj announced that the following persons have been nominated as their representatives to YIT’s Nomination Board: Alexander Ehrnrooth, CEO, Tercero Invest AB (19.00% of shares and votes). Kristina Pentti-von Walzel, CEO Laponie Oy, the shareholder group PNT Group Oy, Noora Pentti, Fideles Oy, Kristian Pentti, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Heikki Pentti Estate (16.97% of shares and votes), Risto Murto, President and CEO, Varma Mutual Pension Insurance Company (5.69% of shares and votes). Alexander Ehrnrooth was elected the Chairperson of the Nomination Board. Jyri Luomakoski, the Chairman of YIT Corporation’s Board of Directors, participates in the Nomination Board’s work as an expert member. Duyuru • Sep 10
YIT Corporation Announces Appointment of Mika Toivonen Chief Procurement Officer YIT Corporation announced appointment of Mika Toivonen Chief Procurement Officer as of 10 September 2024. He has worked at YIT since 1991 and most recently served as Vice President, Procurement of YIT's Housing segment. Mika will replace Ari Erkinharju, who will retire. In his role, Mika Toivonen reports to President and CEO Heikki Vuorenmaa. Duyuru • May 16
Meridiam Infrastructure Finance II SARL acquired remaining 20%stake in Tieyhtiö Vaalimaa Oy from YIT Oyj (HLSE:YIT). Meridiam Infrastructure Finance II SARL acquired remaining 20%stake in Tieyhtiö Vaalimaa Oy from YIT Oyj (HLSE:YIT) on May 14, 2024. Meridiam Infrastructure Finance II SARL completed the acquisition of remaining 20%stake in Tieyhtiö Vaalimaa Oy from YIT Oyj (HLSE:YIT) on May 14, 2024. Duyuru • Feb 01
YIT Launches Construction of Residential Apartment Building in Seinäjoki, the New Offices in the Asematalo Building Almost Fully Rented YIT has launched the construction of a self-developed residential apartment building, named Asunto Oy Seinäjoen Asemapäällikkö in Veturikortteli, near Seinäjoki railway station. The six-storey residential building will contain 30 apartments and two commercial premises. It will have a gross floor area of approximately 2,200 square metres andhe value of the project is around EUR 7 million. The new homes are scheduled for completion by the end of 2024. Asemapäällikkö is being built to energy class A standards, and solar panels will be installed on the roof of the residential building to generate some of the electricity used by the housing company. Residents will be able to monitor their water consumption through the YIT Plus service. During the construction, only renewable electricity will be used on the construction site. The apartments in Asemapäällikkö have floor areas ranging from 25.5 to 104 square metres. In addition, the building will have two commercial premises with a combined area of approximately 230 square metres. The courtyard will be car-free, and the residential parking spaces are designated to the parking company Seipark’s parking facility to be built in the block, where several parking spaces will be equipped with electric car charging points. When the block is completed, residents will have access to a shared fitness and club facility, a communal sauna, and facilities for remote work. One of the five artworks within the block will be placed in the cosy and green inner courtyard in the centre of the block. The building represents high-quality brick architecture, and the red brick is in harmony with the rest of the block. The Seinäjoki station area is undergoing a major renewal with the renovation of the station hall and the addition of new commercial and office space. The total area of the business premises in the station building will be around 18 000 m2 and is expected to be completed at the turn of the year 2024-2025. For the business premises, YIT has so far signed lease agreements with ATEA, Compass Group, Elisa and Enia, Picnic, R-kioski, VR and Welado, among others. On the first floor, there are still three excellent commercial premises available for rent, two of 80 m2 and one of 250 m2. An underpass tunnel will also be built next to the Asematalo and a parking facility will be constructed for the Seipark parking company. The Veturikortteli complex will also include the Aallokko Family Service Centre. The South Ostrobothnian Welfare Region has purchased 80% of the premises of Aallokko and Asematalo from eQ's Yhteiskuntakiinteistöt special investment fund. Duyuru • Jan 30
YIT Corporation Announces Board Changes YIT Corporation announced that the present members of the Board Harri-Pekka Kaukonen, Barbara Topolska and Keith Silverang have announced that they are not available for re-election to the Board of Directors of YIT Corporation for a new term. Duyuru • Jan 13
YIT Oyj Provides Revenue Guidance for the Fourth Quarter of 2023 YIT Oyj provided revenue guidance for the fourth quarter of 2023. For the quarter, company expects revenue to be approximately EUR 2,150 million. Duyuru • Dec 22
YIT Oyj Appoints Peter Forssell as Executive Vice President YIT has appointed Peter Forssell (M.Sc.) as Executive Vice President, Business Premises segment and member of the Group Management Team starting 1 January 2024. He has been the interim leader of the Business Premises segment and member of the management team since 18 October 2023. Peter Forssell has worked at YIT Group since 1997 and has had a significant role in the development and growth of the company's international operations. Before his appointment as the interim leader of the Business Premises segment, he was heading the Business Premises business in CEE countries. "Peter has strong experience and a proven track record of building businesses outside of Finland and has proven himself as a values-driven and innovative leader. Prior to taking up his interim role a few months ago, he has successfully led the Business Premises segment's business in Central and Eastern European countries and contributed to growth in the region. Duyuru • Dec 13
Eolus Vind AB (publ) (OM : EOLU B) acquired YIT Energy Oy from YIT Oyj (HLSE:YIT). Eolus Vind AB (publ) (OM : EOLU B) agreed to acquire YIT Energy Oy from YIT Oyj (HLSE:YIT) for €25 million on December 5, 2023. Under the terms, €10 million will be paid at closing and the remaining amount will be paid in instalments during 2024–2025. The transaction also includes a variable purchase price, which will be defined based on project sales and completed projects up until the end of 2032. The acquisition includes 2.3 GW renewable energy projects and a team of 16 employees. Eolus will fund the acquisition from existing sources. The transaction is subject to fulfilment of certain conditions. Closing is expected to take place during December 2023.
Eolus Vind AB (publ) (OM : EOLU B) acquired YIT Energy Oy from YIT Oyj (HLSE:YIT) on December 12, 2023. Duyuru • Dec 06
Eolus Vind AB (publ) (OM : EOLU B) agreed to acquire YIT Energy Oy for €25 million. Eolus Vind AB (publ) (OM : EOLU B) agreed to acquire YIT Energy Oy for €25 million on December 5, 2023. Under the terms, €10 million will be paid at closing and the remaining amount will be paid in instalments during 2024–2025. The transaction also includes a variable purchase price, which will be defined based on project sales and completed projects up until the end of 2032. Eolus will fund the acquisition from existing sources. The transaction is subject to fulfilment of certain conditions. Closing is expected to take place during December 2023. Duyuru • Nov 23
YIT Corporation Announces Not Propose Profit Distribution for the Financial Year 2023 The board of directors of YIT Corporation has assessed the industry’s business cycle, prevailing market conditions and the company’s projected cash flow, and determined based on these factors that it will not propose profit distribution for the financial year 2023 to the Annual General Meeting to be held in March 2024. Duyuru • Oct 18
YIT Oyj Announces Management Changes YIT Oyj announced that Tom Ekman, EVP, Business Premises segment, is leaving YIT and will pursue his career outside of the company. He leaves YIT on 18 October 2023. YIT has appointed Peter Forssell, SVP, Central Eastern Europe, Business Premises at YIT as the interim leader of the Business Premises segment and a member of the YIT Group Management Team as of 18 October 2023. The search for a permanent leader starts immediately. Members in the YIT Group Management Team from 18 October 2023 are: Heikki Vuorenmaa, President and CEO; Peter Forssell, interim EVP, Business Premises segment Antti Inkilä, EVP, Housing segment and Deputy to the President and CEO; Juha Kostiainen, EVP, Urban Development and ESG; Aleksi Laine, EVP, Infrastructure segment; Tuomas Mäkipeska, CFO; Jennie Stenbom, EVP, Human Resources. Duyuru • Sep 29
YIT Announces Changes in Management Team YIT has appointed Aleksi Laine (M.Sc.) as Executive Vice President, Infrastructure segment and member of the Group Management Team starting 1 October 2023. He has been the interim leader of the Infrastructure segment and member of the management team since 29 March 2023. Aleksi Laine has worked at YIT Group since 2007. Before his appointment as the interim leader of the Infrastructure segment, he was heading the Traffic Infrastructure division. YIT appointed Jennie Stenbom as EVP, Human Resources and member of the Group Management Team in May 2023. The appointment was originally announced as a stock exchange release on 16 May 2023. Jennie's starting date has been specified and she will start in her position on 1 October 2023. Tanja Kauhajärvi, who has been acting as interim EVP of HR, will leave the Group Management Team and continue in her previous role, responsible for Employment Relations at YIT. Duyuru • Sep 28
YIT Oyj Decides on the Record Date and Payment Date for the Distribution of Second Instalment of Dividend, Payable on 11 October 2023 YIT Corporation's Board of Directors has decided, 27 September 2023, on the record date and payment date for the dividend's second instalment of EUR 0.09 for the financial year 2022 authorised by Annual General Meeting. The Annual General Meeting of YIT Corporation, which was held on 16 March 2023, decided that a dividend of EUR 0.18 be paid per share, as proposed by the Board of Directors, and that the dividend will be paid in two instalments. The first instalment of EUR 0.09 per share was paid on 5 April 2023. The second instalment of EUR 0.09 per share was decided to be paid in October 2023. YIT Corporation's Board of Directors has today, 27 September 2023, decided on the record date and payment date for the second instalment. The dividend of EUR 0.09 per share shall be paid to the shareholders who are registered in the shareholders' register maintained by Euroclear Finland Oy on the dividend record date of 3 October 2023. The payment date for the second instalment is on 11 October 2023. Duyuru • Sep 12
YITCorporation Announces Shareholders' Nomination Board YIT Oyj announced that a shareholder group can agree on appointing a joint representative to the Nomination Board. The following shareholders have agreed on appointing a joint representative: PNT Group Oy, Noora Pentti, Fideles Oy, Kristian Pentti, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Heikki Pentti Estate. YIT’s three largest shareholders, that are entitled to nominate a representative to YIT Corporation’s shareholders’ nomination board, are the above-mentioned shareholder group, Tercero Invest AB and Varma Mutual Pension Insurance Company. The following persons have been nominated as their representatives to YIT’s Nomination Board: Kristina Pentti-von Walzel, CEO, the shareholder group PNT Group Oy, Noora Pentti, Fideles Oy, Kristian Pentti, Kristina Pentti-von Walzel, Eva Pentti-Kortman and Heikki Pentti Estate 18.56% of shares and votes. Risto Murto, President and CEO, Varma Mutual Pension Insurance Company, 5.66% of shares and votes. Alexander Ehrnrooth, CEO, Tercero Invest AB, 17.73% of shares and votes. Duyuru • Aug 01
WL Finland Oy acquired Workery+ Coworking Business from YIT Oyj. WL Finland Oy acquired Workery+ Coworking Business from YIT Oyj on July 31, 2023. The acquisition of the Workery+ coworking business in Finland includes the Workery+ operations in Esplanadi, Keilaniemi and Teurastamo in Helsinki Metropolitan area. In connection with the transaction, seven Workery+ employees will be transfered to Workland.WL Finland Oy completed the acquisition of Workery+ Coworking Business from YIT Oyj on July 31, 2023. Duyuru • May 17
YIT Corporation Appoints Essi Nikitin as Vice President of Investor Relations Essi Nikitin (M.Sc. Econ) has been appointed Vice President of Investor Relations of YIT Corporation as of 4 August, 2023. Essi joins YIT from Musti Group, where she has worked as Head of Investor Relations and Communications. Before joining Musti Group, Essi has been working as a senior advisor of financial communications and investor relations at Miltton. In addition, Essi has worked in various investor relations positions at Sampo plc for over 10 years. Essi will report to CFO Tuomas Makipeska. Duyuru • May 16
YIT Corporation Announces Executive Changes YIT Corporation has appointed Jennie Stenbom (M. Ed., eMBA) as executive vice president, human resources and member of the Group Management Team. She will start in her position in November 2023, at the latest. Tanja Kauhajärvi, Vice President, Employment Relations and Services, has been appointed as interim EVP of HR and member of the Management Team, starting on 16 May 2023. The company's current EVP, Human Resources Katja Ahlstedt has decided to leave the company. Her last day at YIT is 16 May 2023. Jennie Stenbom has strong experience in building and developing business driven HR functions in Finland and the neighbouring countries, and diverse expertise in change management. She works currently as Senior Vice President, HR in SOK business units. Jennie has previously worked as Senior Vice President, People and Culture, HR in Kesko, Building and technical trade division as well as Chief People Officer and member of the management team in Kamux Corporation. CV Jennie Stenbom: Born 1975, Master of Science in Education, eMBA. Work experience: SOK business units, Senior Vice President, HR, 2019-Kamux Corporation, Chief People Officer, 2018-2019; Kesko Corporation, Building and technical trade division, Senior VicePresident, People and Culture, HR, 2014-2018 Kesko Corporation, various roles in human resources, 2008-2013 Orion Corporation, various roles in human resources, 2001-2008. Duyuru • Feb 10
Yit Oyj Proposes Dividend for the Year Ended 31 December 2022, Payable on 5 April 2023 and 11 October 2023 YIT Oyj Board of Directors proposed that a dividend of EUR 0.18 per share be paid based on the balance sheet to be adopted for the year 2022 and that the dividend shall be paid in two equal instalments. The first instalment of the dividend shall be paid to the shareholders who are registered in the shareholders' register maintained by Euroclear Finland Oy on the dividend record date of 21 March 2023. The Board of Directors proposes that the dividend for this instalment be paid on 5 April 2023. The second instalment of the dividend shall be paid in October 2023. The second instalment of the dividend shall be paid to shareholders who are registered in the shareholders' register maintained by Euroclear Finland Oy on the dividend record date, which, together with the payment date, shall be decided by the Board of Directors in its meeting to be scheduled for September 2023. The dividend record date for the second instalment as per the current rules of the Finnish book-entry system would be 3 October 2023 at the earliest and the dividend payment date 11 October 2023. Duyuru • Jan 23
YIT Launches Residential Construction Project as Oy Espoon Tuultentietäjä in Tapiola YIT has launched a self-developed residential construction project called As Oy Espoon Tuultentietäjä in Tapiola, Espoo in December. A total of 78 apartments will be constructed for the project. The value of the project is approximately EUR 47 million, and it has been recorded in the order book for the fourth quarter of the year 2022. The building is scheduled for completion in early 2024. As Oy Espoon Tuultentietäjä will be part of Tapiola's Tuultenristi block. Tuultentietäjä is located above a metro station and bus terminal next to the Ainoa shopping centre, at the heart of the urban centre's diverse services and cultural events. The high-quality apartment building homes offer many everyday luxuries, such as underfloor heating and cooling, a well-equipped open-plan kitchen and a rainfall shower and wall-mounted toilet in the bathroom. Water fixtures are water-saving and apartment-specific water consumption can be monitored in the YIT Plus service. YIT's Valvomo-service takes for example care of the energy-efficient use of ventilation and heating. The apartment-specific ventilation system includes heat recovery. The residents of Tuultentietäjä and the adjoining building have access to an elegant lounge, a sauna with terraces and two courtyards with play and fitness areas. A private covered garage space is also available for cars and all parking spaces include the option to install a charging point for an electric vehicle. The site electricity used during the construction is generated by wind power. Guided by the carbon footprint calculation, materials with a lower environmental impact have been chosen for the project. Duyuru • Nov 03
YIT Oyj to Report Q4, 2022 Results on Feb 10, 2023 YIT Oyj announced that they will report Q4, 2022 results at 10:00 AM, USSR Zone1 on Feb 10, 2023