YIT'S CAPITAL MARKETS DAY IN ST. PETERSBURG ON SEPTEMBER 22, 2011: YIT AIMS AT BALANCED AND PROFITABLE GROWTH
STOCK EXCHANGE RELEASE SEPTEMBER 22, 2011 AT 7:30 A.M.
YIT’S CAPITAL MARKETS DAY IN ST. PETERSBURG ON SEPTEMBER 22, 2011: YIT AIMS AT BALANCED AND PROFITABLE GROWTH
YIT, a company with a 50-year track record in Russia, is organising a Capital Markets Day for investors and analysts in St. Petersburg, Russia on Thursday, September 22, 2011.
The purpose of the event is to communicate YIT’s strategy and operations as well as the ways in which YIT aims to secure balanced and profitable growth in its current and future market areas.
Balanced, profitable growth is YIT's key strategic objective. The Group's other strategic long-term target levels remain unchanged: average annual revenue growth of more than 10 per cent, return on investment of 20 per cent, operating cash flow after investments sufficient for dividend payout and reduction of debt, equity ratio of 35 per cent and dividend payout of 40–60 per cent of net profit for the period. When determining the target levels, the assumption was made that economic growth in YIT’s market areas will continue.
In terms of business operations, the focus areas of YIT's growth continue to be building systems service and maintenance operations and residential construction. Growth is sought both through acquisitions and organically. Building system services will be increased in the Nordic countries and Central Europe, and residential construction in Finland, Russia, the Baltic countries and Central Eastern Europe. The Group's potential new market areas are Switzerland in building system services and Poland in construction services. Particular focus areas for growth include residential construction in Russia and building system services in Germany.
The Capital Markets Day programme consists of presentations by the company’s management and a site visit. The day’s programme begins at 8:50 a.m. local time (MSD) i.e. at 7:50 a.m. Finnish time (EEST).
The presentation by CEO Juhani Pitkäkoski can be seen as a live webcast on YIT’s website, www.yitgroup.com/webcast. The live webcast will begin at 9:00 a.m. local time (MSD) i.e. at 8:00 a.m. Finnish time (EEST). The webcast replay will be available at the same address starting at approximately 12:00 noon Finnish time.
During the CEO’s presentation, investors and analyst managers may also participate in the event via a conference call. Participants are requested to call the designated number +44 (0) 20 7162 0077 at 7:55 a.m. (Finnish time, EEST) at the latest, i.e. at least five minutes before the event begins.
Any questions during the webcast and telephonic conference should be communicated in English.
All presentations held during the Capital Markets Day will be available in English on September 22, 2011 at approximately 7.30 a.m. Finnish time at www.yitgroup.com/investors.
Schedule in different time zones:
|The investor and analyst event, conference call and live webcast||Presentation materials available||Recorded webcast available|
|MSD (St. Petersburg)||9:00 a.m.||8:30 a.m.||12:00 noon|
|EEST (Helsinki)||8:00 a.m.||7:30 a.m.||11:00 a.m.|
|CEST (Paris, Stockholm)||7:00 a.m.||6:30 a.m.||10:00 a.m.|
|BST (London)||6:00 a.m.||5:30 a.m.||9:00 a.m.|
|US EDT (New York)||1:00 a.m.||00:30 a.m.||4:00 a.m.|
For further information, please contact:
Hanna-Maria Heikkinen, Vice President, Investor Relations, +358 40 8262 172, firstname.lastname@example.org
Vice President, Investor Relations
Distribution: NASDAQ OMX, principal media, www.yitgroup.com
YIT is a leading European service company in building systems, construction services and services for industry. We build, develop and maintain quality living environments in the Nordic countries, Central Europe, Russia and the Baltic countries. In 2010, YIT's turnover was approximately EUR 3.8 billion. The Group has almost 26,000 employees. YIT's shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com