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Yit Oyj (YTY1V.HE)

YTY1V.HE on Helsinki Stock Exchange

27 Sep 2016
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Latest Key Developments (Source: Significant Developments)

YIT names Esa Neuvonen new CFO
Monday, 5 Sep 2016 06:23am EDT 

YIT Oyj : Nominates Esa Neuvonen new CFO . Neuvonen replaces Timo Lehtinen and will start as CFO by end of year . Esa Neuvonen is currently CFO at Sato Corporation .Ari Ladvelin, Director, Internal audit, will act as interim CFO until Neuvonen takes up his position.  Full Article

Yit appoints Esa Neuvonen new CFO
Monday, 5 Sep 2016 05:15am EDT 

Yit Oyj : Esa Neuvonen (49), as YIT corporation's new Chief Financial Officer and member of management board . Neuvonen is currently CFO at Sato Corporation . Neuvonen will start in his new position by end of year .Ari Ladvelin, Director, Internal audit, will act as YIT's interim CFO until Esa Neuvonen takes up his position at YIT.  Full Article

Yit starts construction of project in Bratislava, Slovakia
Thursday, 1 Sep 2016 01:30am EDT 

Yit Oyj : Yit starts construction of significant area project in Bratislava, Slovakia . Value of first phase is about 13 million euros ($14.50 million) . First phase will consist of almost 110 apartments and will be completed by end of 2017 .Value of whole area project is over 100 million euros and it will consist of over 1,000 apartments that will be constructed in 10 phases.  Full Article

YIT Q2 adjusted EBIT EUR 20.2 million, below expectations
Thursday, 28 Jul 2016 01:05am EDT 

YIT Oyj : Q2 net sales 463.7 million euros ($513.2 million) (Reuters poll: 433 million euros) . Q2 adjusted EBIT 20.2 million euros (Reuters poll: 22.7 million euros) . Group revenue growth is estimated to be in range of 5-10 pct at comparable exchange rates . 2016 adjusted operating profit is estimated to grow from level of 2015 (2015: 76.0 million euros) . Previously estimated revenue growth in 2016 to be in range of 0-10 pct at comparable exchange rates . In Russia aims is to achieve a positive operating result in second half of year while continuing to reduce amount of invested capital .Says Russian economy is not expected to weaken further, but visibility is weak and economic uncertainty is estimated to continue to have negative impact also on residential market.  Full Article

YIT to construct the Helsinki Central Library
Wednesday, 6 Jul 2016 05:00am EDT 

YIT Oyj : YIT chosen as the constructor of the Helsinki Central Library . Project value of approximately 50 million euros ($55.3 million) for YIT . Library will be completed in autumn 2018 .Project will be started in late autumn 2016 after earthworks and basement's concrete structure works have been completed.  Full Article

Ramirent signs on as a partner in YIT's Tripla project
Wednesday, 6 Jul 2016 01:30am EDT 

Ramirent Oyj : Signs on as a partner in YIT's Tripla project . Contract parties will not disclose value of agreement .YIT and Ramirent have entered into a multi-year partnership agreement for YIT's Tripla construction site in Pasila, Helsinki.  Full Article

YIT starts construction of next two phases in residential area project in Prague
Thursday, 30 Jun 2016 07:00am EDT 

Yit Oyj : Starts the construction of the next two phases in a residential area project in Prague, the Czech Republic . Total value of phases started is around 20 million euros ($22.28 million) .Commissioning is expected to take place in beginning of 2018.  Full Article

YIT sells apartments and plots worth about EUR 20 million
Monday, 27 Jun 2016 08:00am EDT 

YIT Oyj : Has agreed to sell about 60 apartments and selected plots to Alandsbanken's funds .Sells apartments and plots worth close to 20 million euros.  Full Article

Yit secures financing package for Mall of Tripla
Wednesday, 22 Jun 2016 02:00am EDT 

Yit Oyj : The implementation of the Mall of Tripla as a joint venture secured as a financing package of around 300 million euros was granted for the project .Overall value of shopping mall and parking facility is approximately 600 million euros, including cost for design, plot and financing.  Full Article

YIT signs deal worth around EUR 75 million
Thursday, 16 Jun 2016 02:00am EDT 

Yit Oyj : Says has signed framework agreement with Swedish-based property investor Hemsö Fastighets AB on building nine care facilities in Finland . If all projects under framework agreement will be implemented, their total value will be around 75 million euros ($84.54 million) .The goal is to start all of the projects by end of 2017.  Full Article