YIT to start new road and city maintenance contracts in October
YIT Corporation Investor News September 21, 2017 at 9:00 a.m.
This year, YIT has won road maintenance contracts in Kristiinankaupunki, Oulu, Loimaa, Keuruu, Pello, Siikalatva, Lahti and Jyväskylä. Following the contracts, YIT’s market share in road management and maintenance is 26.2% (ELY contracts).
In addition to the state road maintenance contracts, YIT won the southern regional contract of the city of Lahti.
The contracts start October 1, 2017 and cover five years. The total value of the contracts is over EUR 100 million and the contracts are recorded to the order backlog of the third quarter.
The maintenance contracts are quality-liability contracts, with the exception of the road maintenance contract of Lahti, which is executed with a maintenance management model. In the management model, decision making is implemented together between the parties, which enables deeper cooperation between the orderer and the contractor.
For further information, please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, email@example.com
Harri Orko, Head of Unit, YIT Construction Ltd, tel. +358 50 440 2322, firstname.lastname@example.org
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