YIT takes significant steps in Russia to reduce capital and enhance profitability according to its strategy
YIT Corporation Insider information June 20, 2019 at 08:00 a.m.YIT takes significant steps in Russia to reduce capital and enhance profitability according to its strategy In the autumn of 2018, YIT announced a target of further reducing capital employed in Russia by approximately EUR 100 million and improving the profitability of the business in Russia. To achieve these targets, YIT has decided to discontinue residential construction in Moscow and the Moscow region, where the business has been very capital intensive and the operating environment challenging. The implementation of the