Market: Helsinki ISIN: FI0009800643 Industry: Construction

Company description

YIT is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, 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 combined annual revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com
YIT 19/07/2018
Currency EUR
52 Weeks High 7.53
52 Weeks Low 4.76
Number of Shares (million) 211.10
Market Cap (EUR million) 1,090.33

Illustrative combined revenue splits 2017*

Operational split*
not found
Geographic split*
not found
 

Combined income statement information (IFRS)

IFRS 1-12/2017
EUR million Combined YIT Lemminkäinen
Revenue 3,841.0 1,993.8 1,847.2
Adjusted operating profit 152.2 105.6 46.6
Adjusted operating profit % of net sales* 4.0% 5.3% 2.5%
Gearing 59.3% 88.7% 40.0%
Order backlog 4,218.3 2,912.7 1,305.6
Average number of personnel 2017** 10,431 5,233 5,198
The combined illustrative financial information is presented for illustrative purposes only and they should not be regarded as pro forma financial information. The combined illustrative income statement information and key figures are presented as if the business operations would have been in the same Group starting from the beginning of the year 2017.
*Adjustments in the Combined adjusted operating profit are based on YIT’s and Lemminkäinen’s published financial statement information.
**Number of personnel varies somewhat during a year due to the seasonal nature of the businesses.

Revenue and adjusted operating profit* (EUR million) development by business segment (POC)

*Excluding group costs
**Lemminkäinen’s revenue and adjusted operating profit split by business segments are IFRS figures. They are presented for illustrative purposes only not comparable with YIT’s figures for 2017.

Housing figures, 2017

Units Finland* Russia CEE (incl. the Baltic countries)
Start-ups 5,036 2,525 1,545
Sales 4,551 2,894 1,613
Under construction at the end of the period 6,019 4,628 2,489
*Includes YIT's and Lemminkäinen's housing figures

Geographic revenue, 2017* (EURm)

not found
* Preliminary combined high level illustrative estimates for the geographical, operational and business logic splits reflect the external and internal reporting of YIT and Lemminkäinen prepared under IFRS principles for the year 2017. Illustrative high level estimates of splits presented are based on a hypothetical situation and are not intended to project the revenue split of the Combined entity in the future. The illustrative information should not be viewed as pro forma information.

Preliminary financial targets

Long-term financial target Target level
ROCE >12%
Dividend per share Growing annually
Equity ratio >40%
Cash flow Positive after dividend payout

MARKET OUTLOOK STABLE IN THE NEXT 12 MONTHS

 
Weakened outlook compared to the past 12 months' development

 
Unchanged outloook compared to the past 12 months' development

 
Improved outlook compared to the past 12 months' development

Housing Finland and CEE Housing Russia Business premises Infrastructure projects Paving Partnership properties
Finland
 
 
 
 
 
Russia
 
 
The CEE countries
The Baltic countries
 
 
 
 
 
The Czech Republic, Slovakia, Poland
 
 
 
Skandinavia
Sweden
 
 
Norway
 
 
Denmark
 

dividend / share (%)


Largest shareholders on February 1, 2018

% of shares and votes
1. Varma Mutual Pension Insurance Company 7.55
2. PNT Group Oy 7.25
3. Onvest Sijoitus Oy 4.21
4. Pentti Heikki Oskari Estate 3.86
5. Virala Oy Ab 3.12
6. Ilmarinen Mutual Pension Insurance Company 2.68
7. Forstén Noora Eva Johanna 2.42
8. Herlin Antti 2.23
9. Pentti Lauri Olli Samuel 1.99
10. OP funds 1.96
Nominee-registered shares total 13.20
Other shareholders 49.53
Total 100.00