YIT INCREASED ITS MARKET SHARE IN REGIONAL ROAD MAINTENANCE CONTRACTS IN FINLAND

  INVESTOR NEWS                 4 May 2012 at 9:00

 

 

YIT  INCREASED ITS MARKET SHARE IN REGIONAL ROAD MAINTENANCE CONTRACTS IN FINLAND

In the competitive bidding organised by the Finnish Transport Agency for regional road maintenance contracts, YIT Construction Ltd won seven separate regional contracts in different parts of Finland. The grand total of the contracts to be signed is EUR 90.7 million, and the contracts will start on 1 October 2012.

With the new regional contracts secured, YIT increased its market share in maintenance, from 19 percent to 26.3 percent. The regional contracts for Oulu, Jyväskylä, Kouvola, Loimaa and Merikarvia are new contracts. The regional contracts for Tampere and Rovaniemi are continuation to earlier contracts.

“We won the regional contracts by a relatively small difference in price in a tight competitive situation. The contracts are mainly for five years, except for the Kouvola contract, which lasts for seven years. The contracts secured support our strategic goal to increase YIT’s market share in regional maintenance,” says Timo Paavilainen, the head of YIT's Maintenance Unit, Infra Services.

As the new regional contracts take effect in the beginning of October, YIT will be responsible for the maintenance for 18 regional contracts in total.

For further information, please contact:
Timo Paavilainen, Unit Director, YIT Construction Ltd, Infra Services, tel. +358 400 569 106, timo.paavilainen@yit.fi

 YIT CORPORATION

 

Kristina Broman
Acting Vice President, Corporate Communications

 

 

YIT is celebrating 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 and Baltic countries, Russia and Central Europe. 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.yit.fi

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 combined annual revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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