Post on 24-Dec-2015
YIT Corporation in brief and constructionmarket in Finland Dr. Juha KostiainenSVP, Urban development & corporate relationsCzech Construction Forum 2014
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YIT Group in brief
Creating better living
environments
YIT’s offering: - Construction services Residential development Business Premises Infra Services - Focus on own developed projects
Revenue split 2013* (EUR 1.9 billion)
Figures based on segment reporting (POC)*Business area split according to 2012 figures
• Residential development, business premises and infrastructure
• Focus on own-developed projects• Operations in 7 countries• Revenue EUR 1.9 billion in 2013• Operating profit EUR 153 million in 2013• More than 6,000 employees• Share quoted on NASDAQ OMX Helsinki (Large cap,
Industrials)• More than 44,000 shareholders at the end of
January 2014
Finland
Estonia
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Strong market position in all marketsMarket leader in Finland, biggest foreign residential developer in Russia
Construction companies on YIT’s marketsNumber of apartments sold in 2013
Russia
788,000
St. Petersburg
43,000
Moscow region
89,000
Moscow
23,000
Finland26,000
The Baltic countries9,900
Slovakia14,100
The Czech Republic22,108***
YIT’s markets and market sizes 2013Number of apartments
* Companies listed outside Russia** Own development*** Source – Czech Statistic Office, 2013
Russia*
Finland
The Baltic countries and CEE
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YIT a significant player on European level in housing
Housing sales (pcs) in 2012 EBIT % in 2012
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Building construction
Finland Czech Republic
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Sources: Forecon Ltd, Euroconstruct, 2012
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New residential construction
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Sources: Forecon Ltd, Euroconstruct, 2012
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New residential construction
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Sources: Forecon Ltd, Euroconstruct, 2012
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Dwelling construction
Share of Flats
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Sources: Forecon Ltd, Euroconstruct, 2012
Completed dwellings
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New non-residential construction
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Sources: Forecon Ltd, Euroconstruct, 2012
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New non-residential construction
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Sources: Forecon Ltd, Euroconstruct, 2012
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Country comparisonYear 2012 Finland Czech Republic
GDP per capita (PPS adjusted) € 29 400 20 700
The estimated ratio (%) construction per GDP 15 11
Value of new residential construction € millions 6 210 2 580
Value of new non-residential construction € millions 5 740 5 590
Value of building renovation € millions 11 060 4 190
Number of completed dwellings 31 400 29 400
Number of completed dwellings per 1 000 capita 5.8 2.8
Housing stock 2 862 000 4 389 000
Housing stock per 1 000 capita 530 420
Home ownership rate 59.0 64.5
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Sources: Forecon Ltd, Euroconstruct, Eurostat, 2012
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Companies and employment
Year 2012 Finland Czech Republic
Total number of construction companies 41 500
Number of construction companies with 50+ employees
250 (0.6% of all)
610
Companies with 50 - 99 employees 150 370
Companies with 100 - 999 employees 90 230
Companies with 1000+ employees 12 10
Number of employees in construction companies
150 000 240 000
Number of employees in construction companies with 50+ employees
52 000(35% of all)
~100 000
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Sources: Statistics Finland, Czech Statistical Office, 2012
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Zoning and permission in Finland
ZoningPermission
• Requires approved townplan and a plot
• Application• Technical design, facades, junctions
etc.• Informing of neighbours • Detailed content depends on
municipality
• Granted by auhtority (municipality)• Permission should be grant if
design is in accordance with townplan• Challenges with Facade committees
(political) are usual
Landscapeplan
•Prepared by regional council•Approved by ministry of env.
Masterplan•Prepared by municipality•Approved by city council
Townplan•Prepared by municipality•Approved by city council
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”The most universal quality is diversity.” Michel de Montaigne (1533-1592)
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