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YIT’s Q3 results overall corresponded to expectations but was positive in terms of profitability of the contracting segments. With slight upwards revisions to our estimates, we adjust our TP to EUR 3.0 (2.9) and retain our ACCUMULATE-rating.
YIT's net sales in Q3 amounted to EUR 402m (Evli/cons. EUR 417.9m/403m), declining clearly y/y given the low amount of consumer apartment completions. The adj. EBIT was a slight positive, amounting to EUR 12m (Evli/cons. EUR 10.3m/10.3m). Guidance range for Group adjusted operating profit for continuing operations adjusted to EUR 40-60m (prev. EUR 30-60m).
YIT reports its Q3 results on October 30th. The quarter is expected to be quite slow, with housing unit completions centered to Q4. We have softened our expectations for the recovery of housing construction in Finland and consequently lower our TP to EUR 2.9 (3.0) but upgrade our recommendation to ACCUMULATE (REDUCE) due to share price corrections.
We initiate coverage of YIT with a REDUCE-rating and TP of EUR 3.0. We forecast strong earnings growth for the coming years led by profitable growth in CEE, while Residential Finland should contribute more meaningfully starting from 2027E. The medium-term valuation looks relatively neutral, provided that the turnaround continues according to our estimates.
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YIT signs a EUR 200 million sustainability-linked revolving credit facility and an amendment and restatement to its existing term loan facility
YIT Corporation has today signed a new EUR 200 million sustainability-linked revolving credit facility agreement with its main lenders, for the purpose of refinancing YIT's existing revolving credit facility, and an amendment and restatement agreement to YIT's existing term loan facility agreement with a currently outstanding principal amount of EUR 30 million to align its key terms with the new revolving credit facility agreement.
Each of the facilities are secured by the existing shared security pool. The new revolving credit facility will mature in December 2028 with an option to extend the maturity to December 2029 and the existing term loan facility will mature in January 2027. The facility agreements include certain covenants as well as restrictions on distributions. The margin of the new revolving credit facility is impacted by, positively or negatively, the performance in regard to three sustainability targets which are measured with the following indicators: emission intensity of the Group's own operations (CO2e emissions per EUR millions of revenue) (Scope 1 and 2 GHG emissions), emission intensity of the Group's value chain (CO2e emissions per EUR millions of revenue) (Scope 3 GHG emissions) and lost time injury frequency rate (including partners).
Further information:
Markus Pietikäinen, CFO, interim, YIT Corporation, tel. +358 40 525 3024, markus.pietikainen@yit.fi
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
Read more www.yitgroup.com and follow us on LinkedinI XI InstagramI Facebook
YIT to launch the development phase of the Tuusula health and social services centre and Varuskunnanaukio parking facility
YIT, the Central Uusimaa Wellbeing Services County (Keusote) and the Municipality of Tuusula have signed an agreement on the development phase of the construction project for the Tuusula health and social services centre and Varuskunnanaukio parking facility. The project will be carried out in the centre of Hyrylä in Tuusula as a cooperative project management contract. The estimated target budget for the project management contract, determined by the client of the project aiming at the implementation phase after the development phase, is approximately EUR 44 million. The target budget will be revised during the development phase.
The project covers the design and construction of the health and social services centre and the parking facility next to it, including its yard area. Three above-ground and one underground floor are planned for the health and social services centre. In accordance with the environmental and sustainability objectives of the project, low carbon emissions and energy efficiency will be taken into account in the development phase, and biodiversity will be promoted.
"We are happy to be able to take forward a project that is important to us. The aim is not only to build new premises, but at the same time to develop operating methods and use the premises more efficiently. The winning proposal provides good opportunities for this," says Taneli Kalliokoski, Keusote's Director of Facilities and Support Services.
"It is great that we will be able to utilize our extensive expertise in health care projects in the development of the Tuusula health and social services centre. In this project, which is in line with our unit's strategy, we want to ensure that our customers will gain high-quality, accessible, customer-oriented, and cost-effective premises," says Pekka Luukkonen, Head of Public New Construction at YIT.
The health and social welfare centre will house premises for Keusote, the municipality of Tuusula, and the Hus Diagnostics Centre, as well as for private operators. The health and social services centre will serve all residents of the wellbeing services county.
The development phase will be in full swing in January and the goal is to move to the project implementation phase lasting around two years in the summer of 2026.
Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com/en
YIT is a leading construction company and project developer. Building on our more than 110 years of experience, we develop and build sustainable living environments: functional real estate for accommodation, public and commercial buildings for the future needs, and infrastructure to promote the green transition. The company employs approximately 4,300 professionals in eight countries, and in 2023 our turnover was EUR 2.2 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
Lue lisää: www.yitgroup.com/fi ja seuraa meitä Linkedin I X I Instagram I Facebook
YIT has entered into a joint venture with Czech-Slovak ONE FAMILY OFFICE in Czechia to accelerate growth in the Residential CEE segment. The cooperation supports YIT's strategic focus to improve capital efficiency. YIT and ONE FAMILY OFFICE each own 50% of the now established joint venture. The parties have agreed not to disclose the value of the transaction.
The first project under this cooperation will be Lumo Braník, a residential development project in Prague 4. The project will transform the former Kuta Centrum administrative block into a modern residential area offering approximately 150 apartments. Construction is expected to start in 2026. The location combines peaceful surroundings with excellent transport connections and comprehensive local amenities, making it an attractive choice for sustainable urban living.
"The transaction is an important step in executing our strategy to strengthen the Residential CEE segment and enhance capital efficiency. Partnering with a financially strong and experienced investors enables us to accelerate growth and scale up our opportunities," said Justyna Filipczak, EVP, Residential CEE at YIT.
The cooperation will focus on residential development projects in Czechia, where YIT has a strong track record and brand presence. YIT will be responsible for project development, construction, and sales, while ONE FAMILY OFFICE will contribute to project financing.
For further information:
YIT Corporate communications, tel. +358 44 743 7536, press@yit.fi
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook
According to YIT's Sustainable Urban Environments Barometer, conducted in October 2025, nine percent of residents in Finland's largest cities plan to purchase a home within the next year. Interest is notably higher among families with children, with nearly one-fifth (17%) considering buying a home or switching to owner-occupied housing.
"Even though sluggish economic growth and weak consumer confidence have slowed the housing market's recovery, homeownership continues to be viewed as a financially sound choice," says Pekka Helin, Senior Vice President for Housing Customer Relations and Services at YIT.
Shifts in consumer expectations are also visible. Demand for studio apartments has declined, while interest in larger homes is growing. "Respondents clearly expressed a desire for more space," Helin notes.
The most common reasons for buying a new home are changes in life circumstances or family size (30%) and the need for additional space (29%). One in six (16%) are motivated by the desire for a higher-quality home, while another 16% are seeking a more affordable option.
Concerns about housing costs and renovations on the rise
Uncertainty around housing-related costs is growing again. While concern over energy prices has eased compared to last year (41%, down from 48%), more people are worried about upcoming repair needs (35%, up from 27%) and the rising cost of major renovations (17%, up from 12%). Despite falling interest rates, concern over mortgage rates has also increased (20%, up from 15%).
One in five (21%) residents of major cities said they had considered buying a home in the past year but ultimately postponed the decision. This was particularly common among families with children (35%). Of those who delayed their purchase, 38% cited financial reasons, 27% could not find a suitable home, and 18% said the global situation felt too uncertain.
Home ownership remains financially appealing
Owner-occupied housing continues to be perceived as a more attractive financial choice than renting. Looking ahead two to five years, 39% of respondents want to live in an owner-occupied home, while 26% prefer renting.
Among renters, nearly half (48%) chose their housing type for its ease and flexibility. Those who preferred ownership most often cited stability (52%), the opportunity to invest in their home (41%), and the potential to build wealth (36%). One-third (34%) said they value owner-occupation because it allows them to make decisions about interior design choices and materials.
"A new home provides everyday security. There's no need to worry about renovations, and running costs are predictable. Owning is owning - and that means having decision-making power," Helin emphasizes.
About the study
YIT's Sustainable Urban Environments Barometer examines how Finland's cities should develop in the future. This is the eighth edition of the survey. Respondents evaluated options related to housing, mobility, work environments, and urban spaces. The study targeted residents of Helsinki, Espoo, Vantaa, Tampere, Turku, Oulu, Jyväskylä, and Kuopio. The online panel of 1,000 consumers was conducted in October 2025.
Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi
We build and develop sustainable living environments: functional and comfortable homes; public and commercial buildings for future needs; infrastructure to promote the green transition; and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT's shares are listed on Nasdaq Helsinki.
Learn more: www.yitgroup.com/en and follow us on LinkedIn I X I Instagram I Facebook
YIT started the construction of a self-developed apartment building project called Asunto Oy Raision Taimi in Raisio. The five-story residential building will house 34 YIT Homes. The value of the project is approximately EUR 7 million. Construction started in November 2025, and the project is slated for completion in November 2026.
The apartment building located in the Kerttula area of Raisio will comprise a living area of almost 2,000 square meters. Raision Taimi's apartments will range from 36.5 to 81.5 square meters in size, and residents may choose their new home from a variety of floor plans, ranging from two- to four-room apartments. The apartments' large windows will afford scenic views of the surrounding landscapes, making nature a part of the living space. The apartments will be designed to accommodate various life situations and needs.
The building will be built in line with the A energy class requirements. Apartment-specific monitoring of cold and hot water consumption will help save water. During construction, only renewable electricity will be used on the worksite and at least 75% of the waste generated on the site will be sorted for recycling. All parking spaces built for the housing company will be ready for a charger for electric vehicles.
"It's great that we're able to launch a new, self-developed YIT project in Raisio. The tranquil location near local amenities makes Raision Taimi an attractive home for first-time home buyers, families, and active seniors alike," says Petteri Laine, Regional Director of YIT Southwest Finland.
During the past year, YIT started the construction of a total of 441 new YIT Homes in 10 housing companies in Finland, including Asunto Oy Raision Taimi.
Learn more:
Raision Taimi - apartments for sale | YIT.fi
Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi
We build and develop sustainable living environments: functional and comfortable homes; public and commercial buildings for future needs; infrastructure to promote the green transition; and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT's shares are listed on Nasdaq Helsinki.
Learn more: www.yitgroup.com/en and follow us on LinkedIn I X I Instagram I Facebook
YIT and the City of Turku have signed the implementation phase contracts for the Kupittaa Core partnership project to kick off the construction phase of the Taito campus and the infrastructure project. The City Council of Turku approved the transition to the project's implementation phase on November 17, 2025. Construction will begin at the beginning of 2026, and the value of the project entity for YIT is approximately EUR 150 million. The Taito campus and infrastructure project are expected to be completed by the end of 2028. The entity also includes office and residential building rights, which enable YIT to implement self-developed projects in the area in the future.
The Kupittaa Core partnership project is one of the most important urban development projects in the City of Turku and it combines Kupittaa and Itäharju districts into a city centre-like area. The project will strengthen the position of Turku Science Park as one of the most significant growth centers in Finland.
Turku Vocational Institute's Taito campus (approximately 22,000 gross floor area m²) is a campus building for service sector education for approximately 3,000 students and 300 staff members. The building will be a landmark in the area and will accelerate the development of Kupittaa Core into a vibrant urban environment. It will be an attractive hub, with high-quality indoor and outdoor public spaces that will serve as a new meeting place for local residents. The goal of the Taito campus is to promote low-carbon construction, energy efficiency and diversity of urban nature. When completed, it will be one of the first educational institutions in Turku to receive the Rakennustieto Environmental Classification, 4 stars.
The infrastructure project includes the construction of a public transportation deck crossing Helsinginkatu and the railway, a parking facility (approx. 630 spaces), a mobility hub, a public square on the deck (Vipusenaukio) and a pavilion that will serve as an access route to venues for activities located under the deck. The deck connects Kupittaa and Itäharju areas, enabling smooth public transportation, pedestrian and cycling connections. The drop-off points and service yards located below the deck will increase the functionality and safety of the area. The solutions will also improve the accessibility and sustainable mobility of the area and promote the commissioning of the Taito campus. Low-carbon and circular economy solutions are favored in the project, and the implementation supports the achievement of Turku's carbon neutrality goals and the EU taxonomy's sustainability criteria.
Urban environments of the future
Kupittaa's partnership project is exceptionally extensive and versatile, including business premises and infrastructure projects, as well as urban development as part of the preparation of the area's zoning reference plan. The project will be implemented as an alliance between the City of Turku, YIT, Lundén Architecture and Renell Käppi Architects. The representative of the City of Turku in the project is Turku Technology and Science Park Ltd.
The development of Kupittaa Core is progressing in stages. The city plan for the area is prepared in two stages. The plan for the first phase reached legal force on November 15, 2025. The planning of the second phase is progressing and the plan proposal will be submitted in spring 2026. The City of Turku will decide on the progress of zoning separately, in order to ensure that the development proceeds as planned and in accordance with the objectives.
"The Kupittaan Core partnership project, which implements the vision of Turku Science Park, is one of Turku's most significant urban development projects. Investments in the urban structure of the Science Park strengthen Turku's national and international competitiveness. Turku's vitality benefits from the concentration of expertise, jobs, housing and services in the area, which also serves as a major transport hub. The developing connections will further integrate the Science Park into Finland's growth triangle and strengthen Turku's role as a gateway to Western Europe", said Mayor Piia Elo of the City of Turku.
"Kupittaa Core is an excellent example of how YIT's urban development expertise, sustainable construction and long-term cooperation are realized. We are proud to be involved in developing and implementing the new core of the Turku Science Park - a vibrant, sustainable and functionally diverse urban environment", said Juha Kostiainen, Executive Vice President, Urban Development & ESG at YIT.
For further information:
YIT Corporate communications, tel. +358 44 743 7536, press@yit.fi
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook
YIT has received an approximate amount of EUR 51 million from Tripla Mall Ky as return of capital and profit distributions
Tripla Mall Ky has paid to its limited partner YIT Housing Oy an approximate amount of EUR 51 million as return of capital and profit distributions, as enabled by the refinancing.
YIT will use the received proceeds, together with previously received returns of capital and profit distributions from Tripla Mall Ky, totalling approximately EUR 57 million, for partial prepayment of the secured bank facility of YIT (an approximate amount of EUR 50 million) and partial prepayment and partial cancellation of the secured revolving credit facility of YIT (an approximate amount of EUR 8 million).
"The successful refinancing of Tripla enables the return of capital to the shopping centre's owners. We are very pleased with this outcome, which supports our strategic objectives and creates value for our shareholders", says Markus Pietikäinen, CFO, interim, YIT.
The received return of capital and profit distributions will have no impact on the reported result of YIT.
For further information:
Markus Pietikäinen, CFO, interim, YIT Corporation, tel. +358 40 525 3024, markus.pietikainen@yit.fi
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook
YIT is building a new facility for the City of Helsinki's Kamppi Health and Wellbeing Centre, which will be completed more than a year ahead of schedule. The building can be handed over to the City of Helsinki already at the end of September 2026, which means that the city may receive the new premises more than 400 days earlier than planned. The renovated access route to the metro station and Kamppi shopping center will travel through the new building.
The Health and Wellbeing Centre will open in spring 2027, once the city has furnished the premises so that they are ready for the staff and customers.
"I am happy to say that the western entrance to the metro station, the ticket office and the Kampinkuja underground access route to the Kamppi shopping center will be ready for use already in the autumn of 2026, which will make the everyday life of people using public transport in the Helsinki Metropolitan Area that little bit easier. The pedestrian square in front of the new building will be made more pleasant. In August 2025, another city project was launched next to the property, involving the renovation of the street area surrounding the building. The construction work is coordinated to minimize the duration and extent of the inconvenience caused by the two worksites for local residents," says Head of Project, Jukka Niemelä from YIT.
The worksite operates in a busy, central location, next to the city center's historically valuable buildings and in connection with an operational metro station and public transportation tunnel. The construction site and the unique building with its underground facilities and connection points make for a particularly challenging and exceptionally demanding entity.
"The very good and solution-oriented cooperation with project's main contractor, YIT, and other parties has streamlined the construction. Careful advance planning of construction and simplification of complex matters during the development and implementation phase accelerated the implementation," says Tuomo Salonpää, Project Director at the City of Helsinki.
"We have been very successful in managing the different aspects of the project and the implementation schedule. During the work, we proactively developed solutions, such as the successful scheduling of metro technology, demolition and excavation work, optimization of the excavation method, solutions for a challenging cast-in-place frame and exterior walls, the development of the coordination of the metro escalator area, and the early integration of building technology contractors. I would like to thank the parties - the cooperation has been efficient and seamless with the client, user, designers, and subcontractors alike. We are going full steam ahead toward the approaching handover phase, working together to ensure a successful outcome," Niemelä adds.
The construction site's implementation phase kicked off in January 2024 with the demolition of the metro's ticket hall. Kamppi Health and Wellbeing Centre, located at Salomonkatu 8, will offer residents of the city center easily accessible, versatile, and modern public social and health care services. The new building will be located in area bordered by Runeberginkatu, Fredrikinkatu, Kampinkuja, and Salomonkatu. The metro's escalators have also been renovated in connection with the project. The building will also house a rental space for a pharmacy - a pharmacy operator is currently being sought for the premises.
The progress of the project can be monitored at: www.yit.fi/kampinthk
Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi
Jukka Niemelä, Head of Project, YIT, jukka-pekka.niemela@yit.fi
Tuomo Salonpää, Project Director, City of Helsinki, tel. +358 9 3102 7226, tuomo.salonpaa@hel.fi
Lars Rosengren, Services, Senior Medical Director, City of Helsinki, tel. +358 9 3105 7666, lars.rosengren@hel.fi
We build and develop sustainable living environments: functional and comfortable real estate as homes, public and commercial buildings for future needs, infrastructure to promote the green transition, and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT's shares are listed on Nasdaq Helsinki.
Learn more: www.yitgroup.com/en and follow us on LinkedIn I X I Instagram I Facebook
The City of Helsinki's Urban Environment Division has chosen YIT as the development phase partner for the Jätkäsaari swimming and sports center. The project will begin with a development phase and will be carried out as a collaborative project management contract. The estimated total value of the construction contract for YIT, which aims to proceed to the implementation phase after development, is approximately EUR 87 million. The exact value will be confirmed during the development phase.
The development phase will start in November 2025 and is expected to last until August 2026. At the end of this phase, a decision will be made on moving to the implementation phase, which is estimated to take about three years.
The new building, with a gross area of approximately 21,000 square meters, will serve sports clubs, associations, local schools, independent fitness enthusiasts, and the City of Helsinki's own guided activities such as swimming lessons and water aerobics. Plans for the swimming and sports center include a 50-meter pool, a water play area, a ball game hall, a gym, other group exercise and training spaces, and a rooftop terrace for free movement.
"We are pleased to have found a partner with strong expertise and the capacity to deliver a demanding construction project in the heart of Jätkäsaari. Throughout the tendering process, we prioritized quality to ensure a highly skilled team would lead the development phase and that the project is set up for success," said Jean Toljander, Project Director for the City of Helsinki.
"We are proud to apply our technical capabilities and sustainable construction principles to the Jätkäsaari Swimming and Sports Center project. In close collaboration with the City of Helsinki, we will prioritize energy efficiency, circular economy practices, and the diverse needs of the center's users," said Peter Forssell, EVP of YIT's Construction segment.
The project follows the City of Helsinki's ambitious targets for ecologically sustainable construction, prioritizing low-carbon materials, renewable energy, and energy performance beyond mandatory standards. Its carbon footprint will be further reduced through the use of low-carbon ready-mix concrete, waste-heat recovery systems, and locally generated renewable energy.
Accessibility, diversity, and equality are central to the building's design. The swimming hall is planned to support a broad spectrum of user needs, from swimming instruction and fitness training to competitive swimming, adapted physical activity, and various forms of aquatic exercise.
Read more: Jätkäsaari Swimming and Sports Center, City of Helsinki
For further information:
YIT Corporate communications, tel. +358 44 743 7536, press@yit.fi
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook
YIT Corporation Investor News November 25, 2025, at 8:30 a.m.
Espoon Koulutaival Oy selected YIT as the contractor for the three school and daycare center properties to be built in Espoo and as the producer of life cycle services for them. The project entity will be implemented as a cooperative rental project, and the contract also includes the demolition of the existing buildings. YIT is responsible for the design, implementation and 20-year service period of the project. The service period also includes responsibility for the optimum energy consumption of the properties. The buildings will be owned by the Espoon Koulutaival Oy, owned by the international Meridiam fund. Espoon Koulutaival Oy is also responsible for funding the project.
The total value of the contract for YIT is approximately EUR 90 million. The preliminary contracts for the planning phase were signed on November 20, 2025. Final leases between the City of Espoo and Espoon Koulutaival Oy, as well as contracts for the implementation phase between YIT and Espoon Koulutaival Oy, will be signed in early fall 2026, when building permits become legally effective. The project entity will be recorded in YIT's order book in stages as construction begins.
The project entity includes the Kurttila school, the new school building and the daycare center and library complex in Jupperi, and two daycare centers in Olari. The school and daycare facilities will be used by around 1,450 pupils and children in early childhood education and 170 staff members. The total scope of the project is more than 17,000 gross square meters.
User-centered design solutions aim to create spaces that genuinely meet users' needs and promote children's development, ensuring the outcome is functional and delivers value to the users. In the high-quality architecture of the buildings, special attention has been paid to their suitability for the environment. The goal is for the construction to start in the fall of 2026, when the planning phase is completed, so that all three sites will be completed by the end of 2028 at the latest.
"Espoo is a rapidly growing city and constantly needs new premises for the use of education and early childhood education, while the renewal of the old space stock requires its own investment. This project, implemented with a new model, responds perfectly to many of the needs that have been set for the Premises Services. With a single project, we will get three new, healthy and safe school and daycare center properties that meet the requirements of sustainability, innovation and the facility stock," says Maija Lehtinen, Managing Director of Espoo Premises Services.
"We at Espoon Koulutaival are very satisfied with the solution resulting from the procurement process. With a new procurement model, we achieved a high-quality project as a whole while staying within the given cost framework. The collaboration with Espoon Tilapalvelut, the representatives of the end-users, the supplier, and other parties involved in the procurement phase was extremely effective. We believe that this strong partnership will continue throughout the project's further planning, construction, and maintenance," says Aapo Nikunen, CEO of Espoon Koulutaival Oy.
"I am pleased that we were chosen as the contractor for the new schools and daycare centers to be built in Espoo and as their life-cycle service provider. Our long-term, good cooperation with Espoo continues with this significant project. "It is a pleasure to create high-quality, healthy, and safe spaces for children, pupils, and staff," says Matti Varstala, Design Director for Life Cycle Projects at YIT.
The life-cycle carbon footprint of the construction and worksite has been minimized through design solutions. Wood will be widely used in different structures to achieve the carbon footprint reduction target of more than 30% compared to the reference case of Rakennustieto's environmental classification. The goal is also to achieve a low-emission worksite using renewable energy sources. Five stars are sought for the project in the Rakennustieto environmental classification, which is the highest possible environmental classification level. The buildings will be highly energy efficient and will be equipped with solar power systems that cover at least 30% of their property and lighting electricity needs. The project's social sustainability is also being promoted in an entirely new way, for example by utilizing resident workshops and communications.
Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi
Maija Lehtinen, maija.lehtinen@espoo.fi , Managing Director, Premises Services, City of Espoo
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com/en
We build and develop sustainable living environments: functional and comfortable real estate as homes, public and commercial buildings for future needs, infrastructure to promote the green transition, and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT's shares are listed on Nasdaq Helsinki.
Learn more: www.yitgroup.com/en and follow us on Linkedin I X I Instagram I Facebook
YIT proposes reserving a plot of approximately 45 hectares in the Hepomäki area of Kuopio for the development of a new data center. The matter is being discussed by the City Construction Board of Kuopio on 19 November. The plot reservation is a significant step toward the realization of the project and strengthens YIT's position as Finland's leading builder of data centers. During the development work, YIT's goal is to find suitable actors for the data center.
The Hepomäki data center project supports Finland's digital infrastructure and will bring, among other things, new jobs to the Kuopio region both during construction and operation and diversifies the region's economic structure. The project will strengthen Kuopio's position as a hub of sustainable technology and strong expertise, thereby acting as a driver of new investments and innovations.
"The development of the Hepomäki business area is part of the City of Kuopio's green transition goals, which promote the growth of energy-intensive industry, circular economy and resource-wise business. The region is undergoing active Invest In work, and YIT's data center project serves as a significant anchor for the development of the region. The project strongly supports the construction of a sustainable industry and digital infrastructure," said Jukka Pitkänen, Director of Economic Affairs at City of Kuopio, Business Development Services.
The waste heat generated by the data center can be utilized in Kuopio's district heating network, which will support the sustainable development in the region and attract other industries that utilize thermal energy to the region.
"Kuopio was selected because of its excellent electricity network capacity, location in terms of logistics, and the availability of skilled workforce. YIT's goal is to develop data centers that support both the technological infrastructure and regional sustainability, competence and faith in the future. Cooperation with the City of Kuopio has been seamless and goal-oriented. The city's readiness for rapid zoning supports the project's progress," Juho Siitonen, Vice President of Data Centers at YIT.
Learn more:
www.yit.fi/datacenters
Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi
Jukka Pitkänen, Director of Economic Affairs, City of Kuopio, Business Development Services, tel. +358 44 718 2085, jukka.pitkanen@kuopio.fi
We build and develop sustainable living environments: functional and comfortable homes; public and commercial buildings for future needs; infrastructure to promote the green transition; and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT's shares are listed on Nasdaq Helsinki.
Learn more: www.yitgroup.com/en and follow us on LinkedIn I X I Instagram I Facebook
YIT is starting the construction of a self-developed apartment building project called Asunto Oy Tuusulan Solki in Hyrylä, Tuusula. The eight-story residential building will house 49 homes. The value of the project is approximately EUR 14 million. Construction will begin in November, and the project is slated for completion in December 2026.
Located on a plot adjacent to Jokipuisto, the apartment building will comprise a living area of almost 3,000 square meters. Tuusulan Solki's apartments will range from 39.5 to 91.5 square meters in size, and residents may choose their new home from a variety of floor plans, ranging from two- to four-room apartments.
The building will be built in line with energy class A requirements. Apartment-specific monitoring of cold and hot water consumption will help save water. A carbon footprint calculation has been made for the project and, during the design phase, it enabled the choice of materials and solutions that put less burden on the environment. During construction, only renewable electricity will be used on the worksite and at least 75% of the waste generated on the site will be sorted for recycling.
Tuusulan Solki's parking spaces will be located partly in an underground garage to be built on the plot, which will have 21 parking spaces for Solki's residents, and partly in the Koskenmäentie parking garage to be built by the municipality of Tuusula, which will house 17 parking spaces for Solki's residents. All parking spaces built on the housing company's own plot will be ready for a charger for electric vehicles.
"It's great that we're able to launch a YIT self-developed project in Tuusula, because there's demand for new high-quality homes in the area. In Hyrylä the recreational facilities, grocery stores, schools, library and health services, are within walking distance" says Mikko Lempinen, VP for Housing, Uusimaa and Häme at YIT.
Learn more:
Tuusulan Solki - Apartments for sale | YIT.fi
Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi
We build and develop sustainable living environments: functional and comfortable homes; public and commercial buildings for future needs; infrastructure to promote the green transition; and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT's shares are listed on Nasdaq Helsinki.
Learn more: www.yitgroup.com/en and follow us on LinkedIn I X I Instagram I Facebook
YIT has been selected to carry out the excavation contract for Vantaa Energy's heat storage facility, Varanto, in Vantaa. The project is valued at approximately EUR 100 million for YIT. The project will be recorded in YIT's order book for the fourth quarter of 2025. Excavation work will begin in December 2025, and the contract is expected to last around three years.
Once completed, Varanto will be the world's largest seasonal heat storage facility, located deep beneath Ring Road III in Kuusikonmäki, Vantaa. The storage capacity will be 90 gigawatt-hours of district heating, equivalent to the annual heating needs of a medium-sized Finnish city.
"Varanto is an exceptional project that combines scale, technical complexity, and societal significance. YIT has strong expertise in rock construction, and we are proud to be part of delivering this unique project," says Aleksi Laine, EVP of YIT Infra.
"Varanto is a key part of Vantaa's district heating system and the city's climate goals. It enables us to store recycled energy for winter heating needs and make efficient use of affordable electricity. YIT's role as the excavation contractor is significant, as the project requires solid rock construction expertise," says Jukka Toivonen, CEO of Vantaa Energy.
Varanto is scheduled for completion by 2030.
Energy and industrial construction projects like the heat storage facility are a central part of YIT's strategy, which focuses on profitable growth and building a sustainable society. In line with the strategy, YIT is strengthening its position as an enabler of industrial development and the energy transition, delivering demanding projects such as energy plants and data centers. These projects combine YIT's technical expertise, project management capabilities, and responsible solutions that support customers' businesses and the green transition of society.
For further information:
YIT Corporate communications, tel. +358 44 743 7536, press@yit.fi
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
We build and develop sustainable living environments: functional and attractive homes, future-proof public and commercial buildings, infrastructure to support the green transition as well as industrial, production, and energy facilities to support our customers' processes. YIT's vision is to be the expert partner in developing sustainable homes, spaces, and cities - for a good life. There are approximately 4,100 professionals in our team and our revenue in 2024 was EUR 1.8 billion. YIT Corporation's shares are listed on Nasdaq Helsinki.
Read more: www.yitgroup.com and follow us on Linkedin I X I Instagram I Facebook
YIT has started the construction of the self-developed Asunto Oy Vaasan Sommelier apartment building in Klemettila, Vaasa. A total of 36 homes will be built in the five-story residential building. The value of the project is approximately EUR 8 million. The homes are slated for completion in the autumn of 2026.
The apartment building, located near the city center, will have around 1,600 square meters of living space. Vaasa's Sommelier apartments will be 25.5-75.5 square meters in size, and residents can select their new home from a variety of floor plans ranging from one to three rooms. In the Klemettilä block, the shared spaces will also be first class in quality. Residents will have access to a hobby space, a laundry, and a drying room. In addition, the residents of Vaasa's Sommelier will have the right to use the shared use space, sauna department and the bike maintenance room that will be located in the neighboring housing company to be built later.
Vaasa's Sommelier will be built in line with the energy class A requirements. Apartment-specific monitoring of cold and hot water consumption will help save water. During construction, only electricity generated with wind power will be used on the worksite and at least 75% of the waste generated on the worksite will be sorted for recycling. Most of Sommelier's parking spaces will be located in an underground parking garage and have reservations for a charger for electric vehicles. For added comfort, the housing company will be smoke-free, which has also been recorded in its articles of association.
"It is great to be able to launch a new YIT self-developed apartment building project in Vaasa. Vaasa's Sommelier will be located close to excellent transportation connections, right next to the city center and close to the railway station. In addition to good transportation connections, there are comprehensive local services nearby," says Construction Manager Jaakko Ojala from YIT.
Previously, YIT has implemented five previous properties in the same block; Asunto Oy Keittiömestari, Myllykatu 14, Pikkukokki, Myllykatu 10, and Picnik.
Learn more:
Vaasan Sommelier - Apartments for sale | YIT.fi
Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi
We build and develop sustainable living environments: functional and comfortable real estate as homes, public and commercial buildings for future needs, infrastructure to promote the green transition, and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT's shares are listed on Nasdaq Helsinki.
Learn more: https://www.yitgroup.com/en and follow us on LinkedIn I X I Instagram I Facebook
YIT has started the construction of the self-developed Asunto Oy Tampereen Sointu apartment building in Rauhaniemi, Tampere. A total of 55 homes will be built in the eight-story residential building. The value of the project is approximately EUR 16 million. The homes are slated for completion by the end of 2026.
The apartment building, located near Lake Näsijärvi, will have around 2,900 square meters of living space. The Tampereen Sointu apartments will range from 22 to 86 square meters in size, and residents may choose their new home from a variety of floor plans, ranging from studios to spacious three-room apartments. In the design of the Sointu homes, particular attention has been paid to functional layouts. Day-to-day living is also made that little bit easier by shared spaces for residents, such as a bike maintenance room and a working or hobby space with its own large terrace. Residents will also have access to storage facilities for outdoor equipment, prams and other equipment, a gym, and a drying room.
The building will be built in line with the A energy class requirements. Apartment-specific monitoring of cold and hot water consumption will help save water. During construction, only electricity generated with wind power will be used on the worksite and at least 75% of the waste generated on the worksite will be sorted for recycling. Parking spaces will be located in a shared parking area for the block and will be equipped with reservations for chargers for electric vehicles. For added comfort, the housing company will be smoke-free, which has also been recorded in its articles of association.
"It's great that we're able to launch a new YIT self-developed project in Tampere. While Sointu will be located in amid excellent outdoor and recreational opportunities, it will also be close to the services of the city center. The homes will offer beautiful views of different parts of Rauhaniemi - you can choose a view of a lush park area or open views over Lake Näsijärvi," says Regional Director Sami Viitanen from YIT.
Learn more:
Tampereen Sointu - apartments for sale | YIT.fi
Further information:
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi
We build and develop sustainable living environments: functional and comfortable real estate as homes, public and commercial buildings for future needs, infrastructure to promote the green transition, and industrial, production and energy facilities to support our customers' processes. YIT's vision is to be the most competent partner in the development of sustainable homes, facilities and cities - for a good life. The company employs around 4,100 professionals, and in 2024 our turnover was EUR 1.8 billion. YIT's shares are listed on Nasdaq Helsinki.
Learn more: https://www.yitgroup.com/en and follow us on LinkedIn I X I Instagram I Facebook
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Company Facts
Guidance
The Group adjusted operating profit for continuing operations is expected to be EUR 40-60 million in 2025
Financial targets
Adjusted operating profit margin at least 7%, ROCE at least 15%, and net sales growth of at least 5%.
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