YIT to improve its capital efficiency by approximately EUR 25 million plot cooperation
YIT Corporation Investor News March 20, 2017 at 8:00 a.m.
YIT has signed agreements to sell several plots to an investor. The total value of the agreements is approximately EUR 25 million. YIT will continue developing and constructing its projects on the plots and will pay rent for the plots. The plots are located in the Helsinki metropolitan area and other Finnish growth centres. The selling of the plots will be recorded in the order backlog in the first quarter of the year, and they do not have a significant impact on the Group earnings.
The plot cooperation continues the improvement of capital efficiency according to YIT’s strategy and supports the development of the key financial figures.
For further information, please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, email@example.com
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com