YIT has won several paving contracts in Finland, Sweden and Norway

YIT Corporation Investor News April 10, 2019 at 08.00 a.m. 

YIT has been successful in the competitive tendering early in the year and has won several government paving contracts in Finland, Sweden and Norway. Approximately EUR 70 million of the contracts won will be recorded in the order backlog for the first quarter of the year. The remaining part of the government paving contracts won will be recorded in the order backlog for the second quarter of the year.

The following contracts will be recorded in the order backlog for the first quarter of the year.

In Finland, YIT has won ELY centre contracts in Southwest Finland, Pirkanmaa, and North Savo. The total volume of the contracts in terms of asphalt mass is approximately 165,000 tons. 

In addition to government paving contracts, YIT will carry out the paving of Helsinki Airport and the airports at Tampere-Pirkkala and Kittilä in 2019. The total volume of these contracts in terms of asphalt mass is around 70,000 tons. 

In Norway, YIT has won a total of 13 government contracts in Eastern, Western, Southern and Northern Norway. The total volume of the contracts in terms of asphalt mass is approximately 270,000 tons. 

In Sweden, YIT has won the Swedish Transport Agency’s contracts in the Stockholm region and in Central and Northern Sweden. The total volume of the contracts in terms of asphalt mass is approximately 150,000 tons. 

For further information, please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 (0)40 566 6070,
hanna.jaakkola@yit.fi
Heikki Vuorenmaa, Executive Vice President, Paving segment, YIT Corporation, tel. +358 (0)50 482 0832,
heikki.vuorenmaa@yit.fi  

YIT CORPORATION 

Hanna Jaakkola 

Vice President, Investor Relations 

Distribution: NASDAQ Helsinki, major media, www.yitgroup.com 

YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic Countries, 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 pro forma revenue for 2018 was approximately EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

About Us

YIT is the largest Finnish and significant North European construction company. We develop and build apartments and living services, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers, our nearly 10,000 professionals are creating more functional, attractive and sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, Baltic Countries, 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 restated pro forma revenue for 2018 was approximately EUR 3.2 billion. YIT Corporation’s share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

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