YIT chosen as the service provider for the Päivänkehrä school life-cycle project in co-operation with Caverion

INVESTOR NEWS                 MARCH 4, 2015 AT 3:00 PM


YIT chosen as the service provider for the Päivänkehrä school life-cycle project in co-operation with Caverion


YIT has signed an agreement with the City of Espoo on the life-cycle project of the Päivänkehrä school renovation and extension in Espoo, Finland. The project will be carried out in co-operation with Caverion, and its value for YIT is approximately EUR 14 million. The construction of the project will be started in autumn 2015, and it is due to be completed in summer 2017.

In its entirety, the Päivänkehrä school life-cycle project covers the renovation and extension of the school, and, after the site has been completed, its management, service and maintenance for a service period of 20 years. The aim of the project is to construct an energy-efficient building with maximized cost-efficiency throughout the life cycle, and to create a healthy, safe, comfortable and well-functioning learning environment.


For additional information, please contact:

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
Hannu Soikkeli, Vice President, YIT Construction Ltd, tel. +358 400 409 445, hannu.soikkeli@yit.fi




Sanna Kaje
Vice President, Investor Relations


Distribution: NASDAQ OMX, principal media, www.yitgroup.com


YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over 100 years of experience have secured for us a strong market position: We are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia.  Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have nearly 6,000 employees in seven countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com

About Us

YIT is the largest Finnish and a significant North European construction company and urban developer. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction. Together with our customers, our nearly 8,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 10 countries: Finland, Russia, Sweden, Norway, the Baltic countries, Czech Republic, Slovakia and Poland. Our revenue in 2019 was approximately EUR 3.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com