Market: Helsinki ISIN: FI0009800643 Industry: Construction

Company description

YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. http://www.yitgroup.com/en/
YTY1V (HEL) 15/12/2017
Currency EUR
52 Weeks High 8.09
52 Weeks Low 5.97
Number of Shares (million) 127.22
Market Cap (EUR million) 795.15
 
Key figures, (POC) 2016 2015
Revenue, EUR million 1,783.6 1,651.2
Adjusted operating profit, EUR million 79.9 76.0
Adjusted operating profit margin, % 4.5% 4.6%
Earnings per share, EUR  0.06 0.16
Operating cash flow after investments, EUR million  -43.1 183.7
Return on investment (last 12 months), % 4.7% 5.3%
Equity ratio at end of period, % 35.1% 35.5%
Order backlog at end of period, EUR million  2,613.1 2,172.9
Continuing operations

Revenue and adjusted operating profit margin by business segment

*2015 figures restated due to transfer of YIT's equipment business from Other items to Business Premises and Infrastructure

Housing figures, 2016

Units Finland Russia CEE
Start-ups 2,877 2,782 1,300
Sales 2,730 3,523 1,197
Under construction at the end of the period 3,842 6,618 2,043
not found

YIT’s long-term financial targets

Target level
Revenue growth 5–10% annually on average
Return on investment 15%
Operating cash flow after investments Sufficient for paying dividends
Equity ratio 40%
Dividend payout 40–60% of net profit for the period

Guidance for 2017 (POC)

  • The Group revenue is estimated to grow by 5–12%.
  • The adjusted operating profit is estimated to be in the range of EUR 105–115 million.
*The adjusted operating profit does not include material reorganisation costs, impairment or other items impacting comparability.

Dividend payout ratio (%)


*The figure calculated with adjusted EPS would be 95%.

Largest shareholders on December 31, 2016

% of shares and votes
1. Varma Mutual Pension Insurance Company 9.43
2. Herlin Antti 3.70
3. OP funds 2.80
4. Elo Mutual Pension Insurance Company 2.62
5. The State Pension Fund 2.04
6. Danske Invest funds 2.03
7. Nordea funds 1.49
8. YIT Oyj 1.29
9. Etera Mutual Pension Insurance Company 1.11
10. Aktia funds 0.96
Nominee-registered shares total 28.93
Other shareholders 15.01
Total 100.00