YIT Corporation in brief and construction market in Finland Dr. Juha Kostiainen SVP, Urban...

YIT Corporation in brief and constructionmarket in Finland Dr. Juha KostiainenSVP, Urban development & corporate relationsCzech Construction Forum 2014

YIT |

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

Czech Construction Forum2 |

YIT |

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


http://www.peab.com/

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Building construction

Finland Czech Republic


Sources: Forecon Ltd, Euroconstruct, 2012

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New residential construction



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Dwelling construction

Share of Flats



Completed dwellings

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New non-residential construction



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Building renovation



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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


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


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


YIT |

”The most universal quality is diversity.” Michel de Montaigne (1533-1592)


YIT Corporation in brief and construction market in Finland Dr. Juha Kostiainen SVP, Urban...

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