YIT - Company Announcement

BUILDING SERVICES IN CENTRAL EUROPE WILL BECOME YIT'S FOURTH BUSINESS SEGMENT

Helsinki, 2011-02-04 07:14 CET (GLOBE NEWSWIRE) -- YIT CORPORATION          
STOCK EXCHANGE RELEASE       FEB 4, 2011 AT 8:10 



BUILDING SERVICES IN CENTRAL EUROPE WILL BECOME YIT'S FOURTH BUSINESS SEGMENT



YIT's Building Services in Central Europe, which have been part of the Building
and Industrial Services Business segment, will be separated into a business
segment of its own as of March 1, 2011. Building and Industrial Services is
divided into two business segments, of which one covers the Nordic countries,
Baltic countries and Russia, and the other Central Europe, where YIT currently
has business operations in Germany, Austria, Poland, Czech Republic, Hungary
and Romania. As of March 1, 2011, YIT's four business segments will be Building
Services Northern Europe, Building Services Central Europe, Construction
Services Finland and International Construction Services. 



Arne Malonæs (53) has been appointed as the Head of Building Services Northern
Europe. He has previously acted as the head of the Building and Industrial
Services segment. Malonæs will continue as member of the Group Management
Board. Karl-Walter Schuster (61) has been appointed as the head of Building
Services Central Europe and as member of the Group Management Board. He has
previously acted as the head of the Central Europe division within the Building
and Industrial Services business segment. 



YIT is changing its business segment structure due to the growth of building
service business operations in Central Europe, their increased share of the
Group's revenue and the significant business development and profitability
potential that these operations offer to YIT. YIT's aims to be the leading
provider of technical system maintenance and a forerunner in energy-saving
services in the Nordic countries and Central Europe. YIT seeks growth by
strengthening its local market position and through geographical expansion to
new countries. The Group's potential new market areas in the area of building
system services are the United Kingdom, the Netherlands and Belgium. 



Financial development in line with the new business segment structure
(preliminary) 





                                                 2010     2009     2008
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Revenue, EUR million                                                   
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Building and Industrial Services              2,353.0  2,124.9  2,395.9
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- of which Building Services Northern Europe  1,802.8  1,762.8  2,213.3
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- of which Building Services Central Europe     550.2    362.1    182.6
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Operating profit, EUR million                                          
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Building and Industrial Services                105.1    119.3    162.0
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- of which Building Services Northern Europe     88.7    106.1    159.1
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- of which Building Services Central Europe      16.4     13.2      2.9
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Operating profit margin, %                                             
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Building and Industrial Services                  4.5      5.6      6.8
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Building Services Northern Europe                 4.9      6.0      7.2
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Building Services Central Europe                  3.0      3.6      1.6
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Order backlog, EUR million                                             
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Building and Industrial Services              1,264.4    850.4  1,050.1
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- of which Building Services Northern Europe    757.4    626.0    784.5
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- of which Building Services Central Europe     507.0    224.4    265.6
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Personnel                                                              
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Building and Industrial Services               19,611   17,557   18,888
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- of which Building Services Northern Europe   15,844   15,410   16,805
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- of which Building Services Central Europe     3,767    2,147    2,083
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YIT will publish the comparison figures for 2010 according to the new business
segment structure on March 24, 2011. The first Interim Report with the new
business segment structure will be published on April 29, 2011. 



For additional information, please contact:

Juhani Pitkäkoski, President and CEO, +358 20 433 3301, juhani.pitkakoski@yit.fi

Sakari Toikkanen, Senior Vice President, Business Development, +358 40 532
2174, sakari.toikkanen@yit.fi 





YIT Corporation



Hanna-Maria Heikkinen

Vice President, Investor Relations



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