YIT - Company Announcement

YIT updates its strategic targets for the years 2014–2016

Helsinki, Finland, 2014-02-06 06:59 CET (GLOBE NEWSWIRE) -- YIT CORPORATION    
  STOCK EXCHANGE RELEASE        FEBRUARY 6, 2014   AT 8:00 A.M. 

YIT updates its strategic targets for the years 2014-2016

YIT´s Board of Directors has approved the revised strategic targets for the
strategy period 2014-2016. The motivation for the change stems from the current
market environment, and the main objective is to secure that the cash flow and
return on investment targets are achieved. The growth target was revised as
follows: 

  -- Revenue growth of  5-10 percent annually on average (previously: more than
     10% annually on average)

The other financial targets published June 4, 2013 were kept unchanged:

  -- Return on investment of 20 percent
  -- Operating cash flow after investments sufficient for dividend payout and
     debt reduction
  -- Equity ratio of 40 percent
  -- Dividend payout of 40-60 percent of net profit for the period

The target levels are based on figures reported by the company based of
percentage of completion. 

“Strategy execution has progressed favorably during the autumn. YIT has among
other things obtained city plans for new important large area development
projects, acquired new significant plots and won the design and implementation
tender for the Central Pasila Centre. These achievements support YIT´s growth
target. YIT´s business is managed according to market- and economic cycles with
specific focus on profitability, improving cash flow and return on investment
as well as increasing capital efficiency.“ says President & CEO Kari
Kauniskangas. 

As confirmed on June 4, 2013 YIT's strategy is well-managed, profitable growth.
This is pursued through the Group's own-developed projects in all businesses
and all current geographical regions. Growth is sought particularly in emerging
markets and residential construction. Further focus areas include improving the
company's ability to manage cyclicality, widening financial operating space and
accelerating renewal. 

For additional information, please contact:

Kari Kauniskangas, President and CEO, YIT Corporation, tel. +358 40 570 1313,
kari.kauniskangas@yit.fi 

Sanna Kaje, Vice President, Investor Relations, YIT Corporation, tel. +358 50
390 6750, sanna.kaje@yit.fi 



YIT CORPORATION

Sanna Kaje

Vice President, Investor Relations



Distribution: NASDAQ OMX, principal media, www.yitgroup.com

YIT is a construction industry leader. We create better living environments in
Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. Over
100 years of experience have secured for us a strong market position: We are
the largest housing developer and one of the largest business premises and
infrastructure developers in Finland, and the most significant foreign housing
and area developer in Russia.  Our vision is to stay one step ahead - while
caring for our customers, partners and personnel. We have more than 6,000
employees in seven countries. In 2012, our revenue amounted to approx. EUR 2.0
billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com