Last €5.62 EUR
Change Today -0.01 / -0.18%
Volume 337.7K
As of 11:29 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

yit oyj (YTY1V) Snapshot

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01/17/14 - €10.70
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yit oyj (YTY1V) Details

YIT Oyj provides various services for the construction sector primarily in Finland, Russia, the Baltic countries, the Czech Republic, and Slovakia. The company operates in two segments Construction Services Finland and International Construction Services. It is involved in the construction and sale of residential units under the brand name of YIT Home, as well as renovation of houses; block of flats; single family houses; and business premises comprising offices, retails, logistic centers, production facilities, storages, and public buildings. The company also offers infrastructure maintenance services comprising earthworks, tunneling, network and regional construction, stabilization and other ground engineering works, as well as bridge, harbor, and water treatment plant construction services. In addition, the company constructs natural gas lines, district heating facilities, lines cables, pressure reduction stations, and district heating pumping stations; reinforcing foundations; roads and railways that include substructures, conduits, drainages, pumping stations, small bridges and underpasses, paving, lightings, and landscaping facilities; multipurpose sports halls, football halls, ice rinks, floorball halls, tennis halls, and swimming pools; and golf courses and surfacing for sports fields. Further, it provides dredging and other marine works; mining construction comprising evacuation and maintenance services; surface excavation services; deep and subgrade stabilization services; underground excavation and reinforcement services; and underground mining construction services. Additionally, the company is involved in the construction and sale of leisure houses. YIT Oyj was founded in 1912 and is headquartered in Helsinki, Finland.

6,358 Employees
Last Reported Date: 07/24/14
Founded in 1912

yit oyj (YTY1V) Top Compensated Officers

Chairman of Management Board, Chief Executive...
Total Annual Compensation: €261.9K
Compensation as of Fiscal Year 2013.

yit oyj (YTY1V) Key Developments

YIT Corporation Revises Earnings Guidance for the Year 2014; Reports Operating Cash Flow Results for the Third Quarter of 2014

YIT Corporation revised earnings guidance for the year 2014. The company lowers its guidance for 2014 regarding the operating profit margin. The sales volume in 2014 is estimated to fall below the previously projected level in business area Housing Russia. This will have a negative impact on YIT’s operating profit margin. In addition, actions that ensure strong cash flow for the remainder of the year weigh on the operating profit margin. The Group revenue based on segment reporting is estimated to grow by 0-5% at comparable exchange rates. The operating profit margin based on segment reporting is estimated to be in the range of 6.5 to 7.3% excluding non-recurring items. The company reported operating cash flow and net debt results for the third quarter of 2014. In third quarter, the operating cash flow after investments was EUR 41 million, and the net debt (IFRS) decreased to EUR 818 million.

YIT to Start New Road Maintenance Contracts in October

YIT has won road maintenance contracts in Kuhmo, Espoo, Mikkeli, Salo, Jyväskylä, Oulu and Helsinki. The total value of the contracts is over EUR 80 million. The contracts start October 1, 2014, and cover five years, with the exception of Oulu which will cover three years. Of the maintenance contracts, EUR 43 million was recorded to the order backlog of the second quarter and the rest to the third quarter. The contracts increased YIT’s market share in road management and maintenance to 27.3%. Two of the maintenance contracts are executed with new models. Espoo’s regional contract was chosen as the pilot for the new maintenance management model due to its diversity and demanding management priority classification. In the management model, decision making is implemented together between the parties, which enables deeper cooperation between the orderer and the contractor. Helsinki’s regional Pakila contract is executed with an alliance model which has previously been mainly applied to construction projects in Finland. The regional Pakila project will act as a pilot project for implementing the model to maintenance and it is used to map, among other things, the effects of fluctuating winter conditions to the resourcing and expenses of the roads. In an alliance, the parties form an organisation that strives for one cost target and target level, with the objective of doing what is best for the project.

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AF Gruppen ASA 73.50 NOK 0.00
Lemminkainen OYJ €11.55 EUR +0.15
Meritage Homes Corp $37.47 USD +0.01
LSR Group 574.00 RUB -11.00
Veidekke ASA 65.00 NOK +1.50
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Valuation YTY1V Industry Range
Price/Earnings 15.4x
Price/Sales 0.4x
Price/Book 1.0x
Price/Cash Flow 12.2x
TEV/Sales NM Not Meaningful

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