YIT CORPORATION               INVESTOR NEWS         23 March 2012 at 12:00


YIT and grocery cooperative EDEKA Südbayern have made an agreement with a value of EUR 11.4 million on  building systems for a central warehouse that is under construction in Landsberg am Lech, Germany. YIT's delivery includes installing a majority of the supply systems, including heating/cooling, ventilation and air-conditioning technology, sanitation, compressed air, instrumentation, control, and automation, and electrical equipment. The construction period is from April to October in 2012. In an additional contract EDEKA Südbayern is also entrusting YIT with the full range of maintenance services required for these systems during the 5 years warranty period.

The brief construction period on a building area measuring some 20 hectares requires seamless collaboration between all those involved in the project. System installation works in the warehouse spaces with up to 30 meters high ceilings pose high requirements also for the work safety and logistical preparation. YIT was commissioned for the project because the company relies on its own employees to assemble all the systems in-house and because it has already delivered high-quality results on schedule in similar projects.

Three different temperature zones are planned for the warehouse space. The heat required for maintaining these temperatures in the heating circuit will be generated by a conventional gas heating system and several heat pumps. The waste heat produced by the large cooling systems and air compressors will also be used. All excess heat will be stored in a sprinkler supply tank measuring 3,000 cubic meters. In terms of electrical equipment, YIT is installing an extensive, innovative fire detection system in the high spaces of the warehouse.

For further information, please contact:
Barbara Niedermeier, YIT Germany GmbH, Marketing and Communication, phone: +49 991 310 4287, email: barbara.niedermeier@yit.de


Virva Salmivaara
Senior Vice President, Corporate Communications

Distribution: Principal media, local media, www.yitgroup.com

YIT celebrates its 100th anniversary in 2012. The company was established in the Grand Duchy of Finland in 1912. Today, YIT is a leading European service company in building systems, construction services and services for industry. Our 26,000 professionals serve customers in 14 countries - in the Nordic countries, Central Europe, Russia and the Baltic countries. We have grown together with our customers and developed our services in line with the changes taking place in different societies. We intend to continue on that track. Our vision is to lead the way in creating and maintaining good living environments. In 2011, YIT's revenue was approximately EUR 4.4 billion. YIT's shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com

YIT Germany GmbH is one of Germany’s leading suppliers of technical building equipment across all sectors, facility management, and energy-saving solutions. YIT Germany operates its own research and development center and sells the KRANTZ KOMPONENTEN brand, technical ventilation solutions, and exhaust air filtration systems. YIT Germany has 25 branches and around 2,600 employees in Germany.


About Us

YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com