YIT - Company Announcement

YIT Corporation’s Annual General Meeting on March 18, 2015: President and CEO Kari Kauniskangas comments on the first quarter’s development

Helsinki, Finland, 2015-03-18 08:00 CET (GLOBE NEWSWIRE) -- YIT CORPORATION    
         STOCK EXCHANGE RELEASE      MARCH 18, 2014 AT 9:00 A.M. 



YIT Corporation's Annual General Meeting on March 18, 2015: President and CEO
Kari Kauniskangas comments on the first quarter's development 



YIT Corporation will hold its Annual General Meeting today, March 18, 2015 at
10:00 a.m. The President and CEO Kari Kauniskangas will present a review of
YIT's Financial Statements for 2014 as well as the outlook for the present
year. In addition, President and CEO Kauniskangas will briefly comment on the
first quarter's development. 

“Despite the continued demanding market situation in our main markets Finland
and Russia, we have had several successes during the beginning of the year. The
consortium formed by YIT and Meridiam was chosen as the preferred bidder for
E18 Hamina-Vaalimaa motorway project, in addition to which we have won several
new business premises contracts in Finland and CEE-countries. We are also
satisfied that the city plan regarding the Tripla project in Central Pasila
became legally valid, enabling the project to proceed. 

In Housing, investors have continued to be active in Finland and in the
beginning of March we signed a significant frame agreement with LocalTapiola on
construction of over 550 apartments. The Finnish consumer demand has remained
weak, and in Russia the demand has slowed down from the good level in the
beginning of the year. In CEE-countries, the positive development of the
residential market has continued especially in the Czech Republic and Slovakia.
We estimate the first quarter's consumer sales to be approximately 300
apartments in Finland, approximately 900 apartments in Russia and approximately
200 apartments in CEE-countries.” says President and CEO Kari Kauniskangas. 

The complete agenda of the Annual General Meeting was published on February 5,
2015. The Annual General Meeting agenda and the presentation material of the
review of the President and CEO Kari Kauniskangas are available on the YIT
website at www.yitgroup.com/agm2015. 





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 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
taking care of our customers, partners and personnel. We have nearly 6,000
employees in seven countries. In 2014, our revenue amounted to around EUR 1.8
billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com