YIT

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

YIT Corporation's financial reporting and Annual General Meeting in 2026

YIT will publish the Financial Statements Bulletin for 2025 on Friday, February 6, 2026. Financial Statements 2025 will be published during week 9/2026 at the latest.

In addition, YIT will publish two Interim Reports and a Half-Year Report in 2026 as follows:

• Interim Report for January-March on Tuesday, April 28, 2026
• Half-Year Report for January-June on Friday, July 24, 2026
• Interim Report for January-September on Friday, October 30, 2026

Prior to the publishing, YIT follows a so-called silent period that will begin on January 1, April 1, July 1 and October 1, and that will last until the publication of the respective financial report.

Annual General Meeting

YIT Corporation's Annual General Meeting will be held on Thursday, March 19, 2026. YIT's Board of Directors will summon the Meeting on a later date.

Possible requests from shareholders to put matters on the agenda of the 2026 Annual General Meeting shall be submitted no later than Wednesday, January 28, 2026. The written request shall be sent to YIT Corporation, Juha Jauhiainen, P.O. Box 36, FI-00621 Helsinki, Finland.

For further information:
Essi Nikitin, Vice President, Investor Relations, YIT Corporation, tel. +358 50 581 1455, essi.nikitin@yit.fi

YIT Corporation

Tuomas Mäkipeska
CFO

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's Interim Report January-September 2025

Q3 profit driven by the contracting segments, Residential CEE growth continues

Third quarter of 2025 in brief

• Order book amounted to EUR 2,929 million (30 Jun 2025: 2,961). At the end of the period, 75% of the order book was sold (30 Jun 2025: 77%).

• Revenue decreased to EUR 402 million (453).

• Adjusted operating profit decreased to EUR 12 million (26). Adjusted operating profit margin decreased to 2.9% (5.6).

• Both revenue and adjusted operating profit were impacted by low amount of consumer apartment completions in the residential segments during the quarter.

• Operating profit for the period decreased to EUR 9 million (13).

• Operating cash flow after investments decreased to EUR 0 million (2).

• Net interest-bearing debt decreased to EUR 669 million (789), and gearing improved to 85% (98) at the end of the period.

• In Residential Finland, adjusted operating profit decreased to EUR -1 million (5). Consumer apartment sales increased to 152 (126) apartments. Consumer apartment starts in the quarter increased to 224 (0). The number of unsold completed apartments decreased to 455 (30 Jun 2025: 587).

• In Residential CEE, adjusted operating profit decreased to EUR 1 million (8). Consumer apartment sales increased to 346 (251) apartments. Consumer apartment starts increased to 321 (57). The number of unsold completed apartments amounted to 194 (30 Jun 2025: 195).

• In Building Construction, adjusted operating profit increased to EUR 7 million (6).

• In Infrastructure, adjusted operating profit increased to EUR 7 million (5).

• Result for the period was EUR -10 million (-6).

• YIT narrows the range for the adjusted operating profit guidance for year 2025 as a result of stable financial performance of the businesses during the first nine months of the year. YIT now expects its Group adjusted operating profit for continuing operations to be EUR 40-60 million in 2025. Previously, YIT expected its Group adjusted operating profit for continuing operations to be EUR 30-60 million in 2025. 

January-September 2025 in brief

• Revenue decreased to EUR 1,200 million (1,299).

• Adjusted operating profit increased to EUR 29 million (18). The adjusted operating profit margin was 2.4% (1.4). The comparison period included an EUR -11 million change in the fair value of equity investments in the first quarter of 2024.

• Operating profit for the period increased to EUR 22 million (-37). Comparison period's operating profit was impacted by the transformation program costs and operations to be closed down.

• Operating cash flow after investments decreased to EUR -46 million (-4). The cash flow for the comparison period was supported by a net cash inflow of EUR 28 million from the sale of businesses.

• In Residential Finland, adjusted operating profit amounted to EUR -1 million (-8). Consumer apartment sales decreased to 393 (415) apartments. Consumer apartment starts increased to 358 (0).

• In Residential CEE, adjusted operating profit decreased to EUR 4 million (12). Consumer apartment sales increased to 960 (686) apartments. Consumer apartment starts increased to 1,515 (721).

• In Building Construction, adjusted operating profit increased to EUR 15 million (0). The comparison period included a EUR -10 million change in the fair value of segment's equity investments in the first quarter of 2024.

• In Infrastructure, adjusted operating profit increased to EUR 15 million (11).

• Result for the period was EUR -28 million (-73). Comparison period's result was impacted by the transformation program costs and operations to be closed down.

Unless otherwise noted, the figures in brackets in this report refer to the corresponding period in the previous year.

Key figures

Comments from the President and CEO, Heikki Vuorenmaa

"Our third quarter of 2025 progressed according to plan. Both our contracting segments delivered improved adjusted operating profit, and we announced several new projects that will strengthen our order book and market position. As anticipated, the low number of apartment completions during the quarter affected revenue and profitability in our residential segments. However, we continued to launch new residential projects in both Finland and the CEE region. These projects are expected to contribute positively to our revenue and profits from 2026 onwards, supporting our growth.

The strategic decision to increase resilience, diversify our geographical exposure and strengthen our residential platform in the Baltic and CEE countries has yielded clear benefits and is a key driver of our growth. These regions have become the principal market for our residential development and construction. As we execute our strategy, we expect this to strengthen even further.

Production volumes for the owner-occupied homes in the Residential CEE segment are currently at the same level as the historical peak years volumes of our Finnish residential business. By the end of the third quarter, we had launched new projects valued at nearly EUR 450 million with healthy margins, which are scheduled for completion in 2026. Our growth plan is supported by our strong plot portfolio enabling construction of approximately 14,000 homes corresponding to over EUR 3 billion sales value. The segment's productivity is constantly improving, which is reflected, among other things, in shorter lead-times. A good example is our first project in Krakow, which was completed ahead of schedule now in the third quarter of 2025.

According to the Confederation of Finnish Construction Industries' autumn economic review 2025, zero economic growth and weak consumer confidence are still hindering the recovery in the primary market in Finland. The primary apartment market is not expected to significantly recover in 2026, and production volumes are likely to remain lower than average. While macroeconomic developments are beyond our control, we are strongly committed to operating with a level of productivity that enables us to achieve our strategic targets, even in a lower-volume market. We continue to initiate new projects in locations where demand exists and remain focused on increasing our market share.

We continued to launch new self-developed residential projects in Finland during the third quarter. Customer expectations have changed, and the primary apartment market in Finland is currently consumer-driven. Our new product launches reflect the market change over the past three years, as the share of studios in the newly launched projects has significantly declined and average apartment sizes have increased. In addition, lead-time reductions and new designs enable us to price new production in a competitive market with a lower price level than before.

The infrastructure market in Finland is active in both the public and private sectors, driven by increased defense sector investments and positive developments in industrial construction and the renewable energy market. Over the past few months, we have successfully broadened our talent base within the Infrastructure segment. By recruiting diverse expertise across key areas, we have reinforced our team's capacity to meet increasing demand and support future growth. This ensures we are well-positioned to deliver on our commitments and capture emerging opportunities in the infrastructure market.

In the Building Construction segment, we have continued to win both public and private sector projects, supported by our core competencies and expertise. Activity in data center and industrial construction markets is supporting our strategic focus. Our recent wins in the data center field leverage our extensive experience and proven expertise in executing large-scale industrial projects. These projects further strengthen YIT's position as the leading builder of data centers in Finland.

Our customer satisfaction index NPS has continued to be at a high level for several quarters. Proactive and systematic customer engagement contributes to YIT's reputation and enables further understanding of customers, which is reflected in products and services provided across all four segments, as well as our strategic decisions. Recognizing customer needs enables us to differentiate from competitors and supports adaptation to market changes.

According to our recently completed comprehensive employee survey, the employee satisfaction measured by eNPS improved significantly to 37 (2024: 30). This indicates increased wellbeing and commitment - conditions that foster a good working environment and generate strong performance and productivity. This is a significant sign of trust from our employees that we are developing YIT in the right direction. I want to warmly thank our employees for their dedication and contribution. Our employees' efforts drive our success and enable us to build for the future together."

Results

July-September

YIT's order book amounted to EUR 2,929 million (30 Jun 2025: 2,961). At the end of the quarter, 75% of the order book was sold (30 Jun 2025: 77%).

YIT's revenue decreased from the comparison period to EUR 402 million (453). Revenue increased in Infrastructure and decreased in Residential Finland, Residential CEE and Building Construction.

Adjusted operating profit for the quarter decreased to EUR 12 million (26). Adjusted operating profit margin decreased to 2.9% (5.6). Adjusted operating profit decreased in Residential Finland and Residential CEE as a result of lower amount of consumer apartment completions. Adjusted operating profit increased in Building Construction and Infrastructure.

YIT's operating profit decreased to EUR 9 million (13). Adjusting items amounted to EUR 2 million in the third quarter (12). Net finance costs amounted to EUR 14 million (20). The result for the period was EUR -10 million (-6).

January-September

YIT's revenue decreased to EUR 1,200 million (1,299). Revenue increased in Infrastructure and decreased in Residential Finland, Residential CEE and Building Construction.

YIT's adjusted operating profit increased to EUR 29 million (18) and the adjusted operating profit margin increased to 2.4% (1.4). Adjusted operating profit increased in Residential Finland, Building Construction and Infrastructure and decreased in Residential CEE. The comparison period included an EUR -11 million change in the fair value of equity investments in the first quarter of 2024.

YIT's operating profit increased to EUR 22 million (-37). Adjusting items amounted to EUR 7 million (56). Adjusting items in the comparison period included costs of transformation program and operating profit from operations to be closed down. Net finance costs amounted to EUR 41 million (48). The result for the period amounted to EUR -28 million (-73). Earnings per share was EUR -0.14 (-0.34).

Guidance and outlook for 2025

YIT narrows the range for the adjusted operating profit guidance for year 2025 as a result of stable financial performance of the businesses during the first nine months of the year.

Revised guidance for 2025

YIT expects its Group adjusted operating profit for continuing operations to be EUR 40-60 million in 2025.

Previous guidance for 2025, issued on July 25, 2025

YIT expects its Group adjusted operating profit for continuing operations to be EUR 30-60 million in 2025.

Outlook for 2025

The residential market in the Baltic countries and Central Eastern Europe is expected to continue favorable, contributing positively to Residential CEE segment's capability to generate profit. Timing of the residential project completions may deviate from the original estimates leading to revenue and profit recognition shifting from one quarter or a year to another.

In Finland, the primary apartment market sales volumes are expected to slightly increase during 2025. In Residential Finland segment, low amount of completions during 2025 will limit the segment's capability to generate profit.

In Building Construction, the operational performance is expected to improve. Actions to release capital may have an impact on the segment's profit.

In Infrastructure, the operational performance is expected to remain stable.

Changes in the macroeconomic environment, especially in interest rates, may impact the residential market demand and the fair value of investments. The escalation of geopolitical risks reflected in general uncertainty and demand could have a negative impact on the company's financial position.

Webcast for investors and the media

A webcast in English and an international telephone conference will be arranged on October 30, 2025, at 10:00 a.m. EET.

The webcast can be followed at https://yit.events.inderes.com/q3-2025/register. A recording of the webcast will be available at the company's website after the event.

The teleconference can be accessed by registering at: https://events.inderes.com/yit/q3-2025/dial-in. After the registration, participants will be provided with phone numbers and a conference ID to access the conference. To ask a question, please dial *5 on your telephone keypad to enter the queue.

The event is targeted for investors, analysts, and the media. Welcome! 

For further information:
Essi Nikitin, Vice President, Investor Relations, YIT Corporation, tel. +358 50 581 1455, essi.nikitin@yit.fi

YIT Corporation

Tuomas Mäkipeska
CFO

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

Markus Pietikäinen, SVP, Treasury and M&A, at YIT has been appointed interim Chief Financial Officer and a member of the Group Leadership Team as of November 1, 2025. Tuomas Mäkipeska, CFO and member of the Group Leadership Team, has resigned from YIT to pursue his career outside YIT. He will leave the company in April 2026 at the latest.  

Markus Pietikäinen has served as SVP, Treasury and M&A at YIT since the beginning of 2024. He joined YIT from Finnfund, where he was the Chief Investment Officer. Prior to his position at Finnfund, Markus worked at Wärtsilä among others in business management positions and as Head of Group Treasury. 

"I warmly thank Tuomas for his contributions at YIT. Tuomas' expertise and commitment have been decisive in YIT's renewal of its strategy. On my own behalf and on behalf of YIT's Board of Directors, I wish him all the best for the future challenges. I am very happy that we have been able to work closely with Markus since the beginning of last year. He has played a key role in strengthening YIT's financial position," said Heikki Vuorenmaa, President and CEO of YIT.  

Aleksi Laine, EVP of YIT's Infrastructure segment, has been appointed Deputy to the President and CEO of YIT as of November 1, 2025.  

YIT has started the recruitment process for a permanent CFO.  

CV Markus Pietikäinen 
Born 1975 
M.Sc. (Economics) 

Key work experience and positions of trust:  
YIT Corporation, SVP, Treasury and M&A, 2024- 
Finnfund, Chief Investment Officer 2016-2023  
Noksel, Member of the Board 2017-2022 
Wärtsilä, several finance and business management positions, 2005-2016  
Finnfund, Member of the Board, 2012-2014 
JPMorgan Securities, positions in investment banking 2000-2005 

Further information: 
YIT Group Communications, tel. +358 44 743 7536, press@yit.fi

Distribution: NASDAQ Helsinki, major media, www.yitgroup.com

YIT Corporation 

Heikki Vuorenmaa 
President and CEO 

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

Publishing of YIT Corporation's January-September 2025 Interim Report on October 30, 2025

YIT Corporation's Interim Report for January-September 2025 will be published on Thursday, October 30, 2025, at approximately 8:30 a.m. EET. The stock exchange release and the reporting materials in Finnish and in English will be available at that time on the company's website at www.yitgroup.com/investors.

A webcast in English and an international telephone conference will be arranged on October 30, 2025, at 10:00 a.m. EET. 

The webcast can be followed at https://yit.events.inderes.com/q3-2025/register. A recording of the webcast will be available at the company's website after the event.

The teleconference can be accessed by registering at: https://events.inderes.com/yit/q3-2025/dial-in. After the registration, participants will be provided with phone numbers and a conference ID to access the conference. To ask a question, please dial *5 on your telephone keypad to enter the queue.

The event is targeted for investors, analysts, and the media. Welcome! 

For further information:
Essi Nikitin, Vice President, Investor Relations, YIT, tel. +358 50 581 1455, essi.nikitin@yit.fi

Distribution: Nasdaq Helsinki, principal 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

The project company behind the Kouvola data centre initiative, Hyperco Fin HoldCo 1 Oy, has selected YIT as the main contractor for the construction of the facility. The project encompasses approximately 28,000 square metres and includes a data centre building, office premises, and associated external technical areas and site works. 

"We are very pleased to be able to draw on Finnish construction expertise for the Kouvola project. Our cooperation with YIT strengthens the project's domestic content and boosts its employment impact both in the Kouvola region and more broadly across Finland. This partnership supports Hyperco's mission to develop sustainable, future-proof data infrastructure," said Aleksi Taipale, CEO of Hyperco. 

"We are delighted to launch this significant data centre project in close collaboration with the project company behind Hyperco's Kouvola initiative. The project promotes regional development and further enhances Finland's digital infrastructure," said Aleksi Laine, EVP, Infra segment at YIT. 

Under the agreement, YIT will leverage its extensive experience and proven expertise in executing large-scale industrial projects. The project further strengthens YIT's position as Finland's leading builder of data centres. 

The parties have agreed not to disclose the contract value. The project will be included in YIT's order book for the fourth quarter of 2025. Construction is set to begin at the end of October 2025, with completion scheduled for May 2027. 

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 signed an agreement with the Czech housing cooperative Ranta Barrandov IV for the sale and construction of three residential buildings.

Under the agreement, YIT will build 69 cooperative housing units in Prague, which the housing cooperative will sell to its members. The apartments are part of the popular Ranta Barrandov development, where YIT has previously built homes sold on the open market. The value of the agreement is approximately EUR 25 million, and the project will be recorded in YIT's order book for the fourth quarter of 2025.

"The Barrandov project is an excellent example of how we are implementing our growth strategy in the Residential CEE segment. Through the housing cooperative model, we reach a new type of customer base, generate capital-efficient growth, and offer modern living in a sought-after area. We see strong demand for high-quality housing in Prague," said Justyna Filipczak, EVP, Residential CEE at YIT.

YIT's Residential CEE operations have firmly established themselves as YIT's principal market for residential development and construction. The segment's role in the business as a strong driver of growth and profitability is expected to strengthen as the strategy period progresses. YIT's robust land bank with building rights supports growth in the region, and the company is well-positioned to start new projects. By June 2025, YIT had launched new projects in Central Eastern Europe and the Baltics worth nearly EUR 400 million, scheduled for completion in 2026.

The Barrandov area in Prague offers a unique combination of urban convenience and natural tranquility. The buildings are connected by a central square with seating areas, fostering a sense of community and enhancing the overall character of the area.

For more information:

YIT Group Communications, tel. +358 44 743 7536, press@yit.fi

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 a self-developed apartment building called Asunto Oy Espoon Vesta in the Marinranta block, in Kivenlahti, Espoo. A total of 30 homes will be built in the eight-story residential building. The value of the project is approximately EUR 15 million. The homes are slated for completion by the end of 2026.

The apartment building, located near the sea and the metro station, will house a living area of approximately 2,500 square meters. Espoo's Vesta apartments will be 59-148.5 square meters in size, and residents can select their new home from a variety of floor plans ranging from two to six rooms. In the Marinranta block, the shared spaces are also first class in quality. Residents will have access to the block's joint lounge space, a fitness facility, three saunas and a hotel-level guest room.

The house will be built in line with the A energy class requirements, and solar panels will be mounted on the roof to generate some of the energy required by the property. Apartment-specific monitoring of cold and hot water consumption will help save water. A carbon footprint calculation has been made for the project, helping in the choice of materials that burden the environment less during the construction phase. 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. Vesta's parking spaces will be built in a common parking garage in the area 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's great that we're able to launch a new YIT self-developed project in Espoo. Espoo's Vesta will be located along excellent transportation connections amid coastal landscapes, next to a marina. The 40 km long Espoo waterfront route with its cafés runs in front of the area, and the Kivenlahti beach is within walking distance. The hybrid arena Hype, with its services, is located nearby, and the local amenities will increase with the completion of the new Kivenlahti metro station business center," says Esa Turkka, a head of unit at YIT.

Previously, YIT has implemented seven sites in the same Marinranta area: Asunto Oy Neptus, Apollo, Selene, Helios, Kronos, Poseidon and Notos.

Learn more:
Vesta - Marinranta - YIT Home | 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: www.yitgroup.com/fi and follow us on LinkedIn I X I Instagram I Facebook