- CEO
- Heikki Vuorenmaa
- Full Time Employees
- 4,100
- Sector
- Industrials
- Industry
- Engineering & Construction
- Address
- Panuntie 11 Helsinki Finland 00620
- IPO Date
- Aug 11, 2011
- Business
- YIT Oyj develops and builds apartments, business premises, infrastructure projects and entire living environments as the largest construction company in Finland and a significant player in Northern Europe; it provides specialized services including industrial construction, renovation, maintenance, smart building solutions, life cycle services, paving and demanding infrastructure works such as roads, bridges, water treatment plants and pipelines. The company operates in eight countries, including Finland, Sweden, the Baltic States, the Czech Republic, Slovakia and Poland, and targets residential customers, businesses, public sector entities and industrial clients with a focus on sustainable urban development. Founded in 1912 and headquartered in Helsinki, Finland, YIT Oyj lists its shares on Nasdaq Helsinki under the ticker YIT and employs approximately 4,100 people across its segments of Housing, Business Premises and Infrastructure. In recent developments, YIT sold its renewable energy division YIT Energy Oy to Eolus Vind AB in 2023 for EUR 25 million plus potential earn-outs, divested its in-house equipment services subsidiary to Renta Oy in 2024, announced a new strategy and financial targets for 2025-2029 in November 2024 emphasizing an adjusted operating profit margin of at least 7%, secured a substantial financing arrangement with new capital and enhanced loan terms, launched new projects valued at nearly EUR 400 million for completion in 2026, and in July 2025 won a EUR 28 million contract from the Port of Helsinki to expand the West Harbour quay and field area by the end of 2027.