YIT Oyj Logo

YIT Oyj

ISIN: FI0009800643 | Ticker: YIT | LEI: 529900M13GM4VSTE6W80
Sector: IndustrialsSub-Industry: Construction & Engineering
Country: Finland

About YIT Oyj

Company Description

YIT is the largest Finnish and a significant North European development and construction company. For 110 years, we have been creating better living environments for our customers: we develop and build functional homes for sustainable living, future-proof public and commercial buildings, and infrastructure for smoother flow of people, businesses and society. We employ 5,500 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2021 was EUR 2.7 billion. YIT Corporation’s shares are listed on Nasdaq Helsinki Oy. www.yitgroup.com

In addition to better living environments we build happy work community where our people feel comfortable and are engaged. We work as a one team respecting each other’s strengths. We celebrate success and learn from mistakes. We focus on getting things done without forgetting that there can be fun at work.

Year founded

1910

Served area

Northern Europe

Headcount

5,500

Headquarters

Panuntie 11, 620 Helsinki – Finland

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 3,158,000,000.00 2,994,000,000.00 2,845,000,000.00
Noncurrent Assets N/A 764,000,000.00 779,000,000.00 778,000,000.00
Property Plant And Equipment N/A 68,000,000.00 53,000,000.00 37,000,000.00
Goodwill N/A 249,000,000.00 249,000,000.00 249,000,000.00
Other Intangible Assets N/A 10,000,000.00 7,000,000.00 4,000,000.00
Investment Accounted For Using Equity Method N/A 80,000,000.00 92,000,000.00 72,000,000.00
Noncurrent Receivables N/A N/A 36,000,000.00 43,000,000.00
Deferred Tax Assets N/A 35,000,000.00 31,000,000.00 30,000,000.00
Other Noncurrent Financial Assets N/A 49,000,000.00 46,000,000.00 56,000,000.00
Noncurrent Investments Other Than Investments Accounted For Using Equity Method N/A 180,000,000.00 186,000,000.00 218,000,000.00
Current Assets N/A 2,394,000,000.00 2,215,000,000.00 2,068,000,000.00
Trade And Other Current Receivables N/A N/A 350,000,000.00 273,000,000.00
Current Tax Assets Current N/A 2,000,000.00 5,000,000.00 3,000,000.00
Cash and cash equivalents 132,000,000.00 419,000,000.00 389,000,000.00 206,000,000.00
Equity And Liabilities N/A 3,158,000,000.00 2,994,000,000.00 2,845,000,000.00
Equity 1,061,000,000.00 920,000,000.00 1,017,000,000.00 883,000,000.00
Issued Capital N/A 150,000,000.00 150,000,000.00 150,000,000.00
Retained Earnings N/A 527,000,000.00 501,000,000.00 84,000,000.00
Treasury Shares N/A 10,000,000.00 10,000,000.00 8,000,000.00
Other Reserves N/A 1,000,000.00 1,000,000.00 0.00
Equity Attributable To Owners Of Parent N/A 918,000,000.00 915,000,000.00 783,000,000.00
Noncontrolling Interests N/A 2,000,000.00 3,000,000.00 N/A
Liabilities N/A 2,238,000,000.00 1,977,000,000.00 1,962,000,000.00
Noncurrent Liabilities N/A 577,000,000.00 705,000,000.00 585,000,000.00
Noncurrent Provisions N/A 78,000,000.00 86,000,000.00 88,000,000.00
Noncurrent Payables N/A N/A 27,000,000.00 29,000,000.00
Noncurrent Contract Liabilities N/A N/A 11,000,000.00 1,000,000.00
Deferred Tax Liabilities N/A 10,000,000.00 19,000,000.00 9,000,000.00
Noncurrent Recognised Liabilities Defined Benefit Plan N/A 2,000,000.00 3,000,000.00 3,000,000.00
Longterm Borrowings N/A 286,000,000.00 398,000,000.00 288,000,000.00
Current Liabilities N/A 1,661,000,000.00 1,272,000,000.00 1,377,000,000.00
Current Provisions N/A 37,000,000.00 46,000,000.00 51,000,000.00
Trade And Other Current Payables N/A 566,000,000.00 615,000,000.00 576,000,000.00
Current Contract Liabilities N/A 240,000,000.00 293,000,000.00 276,000,000.00
Current Tax Liabilities Current N/A 3,000,000.00 5,000,000.00 16,000,000.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 592,000,000.00 118,000,000.00 336,000,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 3,069,000,000.00 2,652,000,000.00 2,403,000,000.00
Other Income 30,000,000.00 14,000,000.00 17,000,000.00
Changes In Inventories Of Finished Goods And Work In Progress 249,000,000.00 108,000,000.00 -174,000,000.00
Other Work Performed By Entity And Capitalised 0.00 0.00 0.00
Raw Materials And Consumables Used 325,000,000.00 536,000,000.00 505,000,000.00
Services Expense 1,777,000,000.00 1,350,000,000.00 1,415,000,000.00
Employee Benefits Expense 372,000,000.00 351,000,000.00 352,000,000.00
Depreciation And Amortisation Expense 58,000,000.00 32,000,000.00 33,000,000.00
Other Expense By Nature 291,000,000.00 251,000,000.00 206,000,000.00
Other Gains Losses -14,000,000.00 6,000,000.00 9,000,000.00
Profit Loss From Operating Activities 35,000,000.00 56,000,000.00 102,000,000.00
Finance Income 4,000,000.00 2,000,000.00 9,000,000.00
Finance Costs 45,000,000.00 35,000,000.00 28,000,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 23,000,000.00 11,000,000.00 11,000,000.00
Profit Loss Before Tax -6,000,000.00 22,000,000.00 74,000,000.00
Income Tax Expense Continuing Operations 3,000,000.00 16,000,000.00 11,000,000.00
Profit Loss From Continuing Operations -8,000,000.00 6,000,000.00 63,000,000.00
Profit Loss From Discontinued Operations 35,000,000.00 -2,000,000.00 -438,000,000.00
Profit (loss) 27,000,000.00 4,000,000.00 -375,000,000.00
Profit Loss Attributable To Owners Of Parent 26,000,000.00 4,000,000.00 -375,000,000.00
Profit Loss Attributable To Noncontrolling Interests 0.00 1,000,000.00 0.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 27,000,000.00 4,000,000.00 -375,000,000.00
Adjustments For Reconcile Profit Loss N/A 56,000,000.00 117,000,000.00 503,000,000.00
Adjustments For Income Tax Expense N/A -1,000,000.00 28,000,000.00 19,000,000.00
Adjustments For Decrease Increase In Inventories N/A 251,000,000.00 104,000,000.00 -257,000,000.00
Adjustments For Increase Decrease In Other Operating Payables N/A -326,000,000.00 24,000,000.00 -50,000,000.00
Adjustments For Depreciation And Amortisation Expense N/A 58,000,000.00 34,000,000.00 34,000,000.00
Other Adjustments For Noncash Items N/A 14,000,000.00 23,000,000.00 175,000,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets N/A -57,000,000.00 2,000,000.00 228,000,000.00
Adjustments For Reconcile Profit Loss N/A 56,000,000.00 117,000,000.00 503,000,000.00
Dividends Received Classified As Operating Activities N/A 0.00 0.00 0.00
Interest Paid Classified As Operating Activities N/A 48,000,000.00 32,000,000.00 36,000,000.00
Interest Received Classified As Operating Activities N/A 4,000,000.00 4,000,000.00 3,000,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A -15,000,000.00 14,000,000.00 16,000,000.00
Other Inflows Outflows Of Cash Classified As Operating Activities N/A -7,000,000.00 -1,000,000.00 -32,000,000.00
Cash Flows From Used In Operating Activities N/A 54,000,000.00 275,000,000.00 -279,000,000.00
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A N/A 8,000,000.00 -14,000,000.00
Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A 0.00 0.00 0.00
Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities N/A N/A 0.00 0.00
Other Cash Receipts From Sales Of Interests In Joint Ventures Classified As Investing Activities N/A N/A 22,000,000.00 29,000,000.00
Other Cash Payments To Acquire Interests In Joint Ventures Classified As Investing Activities N/A N/A 29,000,000.00 26,000,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A N/A 15,000,000.00 3,000,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 13,000,000.00 8,000,000.00 5,000,000.00
Proceeds From Sales Of Intangible Assets Classified As Investing Activities N/A N/A 0.00 0.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 0.00 1,000,000.00 0.00
Dividends Received Classified As Investing Activities N/A N/A 7,000,000.00 16,000,000.00
Cash Flows From Used In Investing Activities N/A 282,000,000.00 14,000,000.00 -2,000,000.00
Payments From Changes In Ownership Interests In Subsidiaries N/A N/A 1,000,000.00 4,000,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 35,000,000.00 31,000,000.00 21,000,000.00
Dividends Paid Classified As Financing Activities N/A 84,000,000.00 30,000,000.00 34,000,000.00
Other Inflows Outflows Of Cash Classified As Financing Activities N/A -10,000,000.00 5,000,000.00 -3,000,000.00
Cash Flows From Used In Financing Activities N/A -35,000,000.00 -316,000,000.00 96,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A N/A -29,000,000.00 -185,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -14,000,000.00 -1,000,000.00 2,000,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 301,000,000.00 -29,000,000.00 N/A
Cash and cash equivalents 132,000,000.00 419,000,000.00 389,000,000.00 206,000,000.00

Please note that some sums might not add up.

Filings & Publications

2023

Report
Q1
H1
Q3
FY
Consolidated Report
FIN
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2022

Report
Q1
H1
Q3
FY
Consolidated Report
FIN
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
FIN
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2020

Report
Q1
H1
Q3
FY
Consolidated Report
FIN
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

FI0009800643

LEI

529900M13GM4VSTE6W80

Sector

Industrials

Industry Group

Capital Goods

Industry

Construction & Engineering

Sub-Industry

Construction & Engineering

Listed Stock Exchange

Nasdaq Helsinki

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