YIT Oyj — Earnings Release 2021

Nov 23, 2021

YIT increases its result guidance for 2021 due to Lestijärvi wind farm sale and actions based on YIT’s new strategy: Group adjusted operating profit expected to be in the range of EUR 105-125 million

YIT increases its result guidance for 2021 due to Lestijärvi wind farm sale and actions based on YIT’s new strategy: Group adjusted operating profit expected to be in the range of EUR 105-125 million

YIT Corporation Insider information 23 November 2021 at 8:00 a.m.

YIT increases its result guidance for 2021 due to Lestijärvi wind farm sale and
actions based on YIT’s new strategy: Group adjusted operating profit expected to
be in the range of EUR 105-125 million

YIT increases its result guidance for 2021 due to the realisation of Lestijärvi
wind farm sale and actions based on YIT’s new strategy. YIT expects its Group
adjusted operating profit to be in the range of EUR 105-125 million in 2021.
Earlier YIT expected its full-year 2021 adjusted operating profit to be higher
than in 2020 (2020: EUR 85 million).

The new guidance includes a positive impact of approximately EUR 45 million from
Lestijärvi wind farm sale. As part of this transaction, YIT sold the building
rights of the project when OX2 signed an agreement with a consortium of Finnish
energy companies to construct the largest wind farm in Finland to Lestijärvi,
Finland. YIT will recognise profit from the sales contract in its fourth quarter
2021 results.

In addition, the new guidance includes expected margin reductions of
approximately EUR 50 million from certain legacy projects, as well as a number
of projects that are no more in the core of YIT’s new strategy published
yesterday.

For further information:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358
40 576 0288, tommi.jarvenpaa@yit.fi

YIT Corporation

Tommi Järvenpää
Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT is the largest Finnish and a significant North European development and
construction company with a strong customer focus and clear mission to create
better living environments. 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
7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia,
Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020
was EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy.
www.yitgroup.com