Published: 2009-09-24 07:00:00 CEST
YIT - Company Announcement
PRESENTATION OF YIT'S PRESIDENT AND CEO ON CAPITAL MARKET DAY: VOLUMES IN RESIDENTIAL SALES HAVE REMAINED STABLE
YIT CORPORATION    STOCK EXCHANGE RELEASE    SEPTEMBER 24, 2009   at 8 a.m.     


PRESENTATION OF YIT'S PRESIDENT AND CEO ON CAPITAL MARKET DAY: VOLUMES IN       
RESIDENTIAL SALES HAVE REMAINED STABLE                                          

YIT holds a Capital Market Day for investors and analysts today, September 24,  
2009, to present the Group's strategy. At the same time YIT publishes its       
residential sales figures for July-August, 2009.                                

Juhani Pitkäkoski, President and CEO:                                           

- The Group' s growth target for the strategy period 2010-2012 was raised to an 
average of 5-10 per cent per year, while our previous aim was positive revenue  
growth. In addition to growth, the focus areas in the Group's strategy are      
capital efficiency, profitability and cash flow.                                

- Our growth focus areas are service and maintenance operations for building    
systems and industry and residential and infrastructure construction. In        
geographical terms we are aiming at the fastest growth in the Nordic countries  
as well as in Central Europe. Growth is sought both organically and through     
acquisitions. In Russia, our primary aim is to improve profitability and to have
controlled growth.                                                              

- We will improve our capital efficiency especially in the International        
Construction Services segment in Russia and the Baltic countries. The extensive 
action programme we have launched covers all stages of housing production from  
land acquisition and development to the implementation of construction projects 
and the management of the number of completed but unsold apartments. In         
Construction Services in Finland, we will improve the land plot turnover. The   
capital invested in Building and Industrial Services is smaller than in the     
other segments and improvement actions are related to net operating working     
capital.                                                                        

- We will improve profitability by developing our internal efficiency and by    
emphasising services that enable higher profits in each segment. The key actions
for improving cash flow are the stepping up of residential sales, effective     
invoicing and collecting sales receivables, as well as developing the cost      
structure and procurement.                                                      

- We have proceeded according to the strategy we confirmed in August and        
strengthened our residential sales. Volumes in residential sales have remained  
stable. In Finland we sold a total of 712 residential units in July-August. Of  
these, 224 were owner-occupied residential units sold directly to consumers and 
488 rental housing constructed for investors. In Russia, we sold a total of 473 
residential units in July-August. In Russia, we have made a co-operation        
agreement with Sberbank so that our customers are able to get a mortgage with   
specific terms when they buy an apartment from YIT. We have managed to reduce   
our residential housing inventory in the Baltic countries by selling 42         
residential units in July-August.                                               

Webcast and conference call                                                     

President and CEO Juhani Pitkäkoski's presentation can be viewed as a real-time 
webcast at http://www.yitgroup.com/webcast. The presentation will start at 9:00 
(EEST). A recording will be available at the same address approximately at 12:00
(noon). All YIT Capital Markets Day materials will be available on the         
company's Internet site at www.yitgroup.com/investors.                          

Investors and analysts can also participate in the event through a conference   
call. Conference call participants are requested to call a minimum of five      
minutes prior to the start of the event in +44 (0)20 7162 0077 or +49 (0)695    
8999 0507.       
                                                               
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| Time zone                  | President and CEO     | Recorded webcast        |
|                            | Juhani Pitkäkoski's   | available               |
|                            | presentation          |                         |
|                            | (real-time webcast)   |                         |
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| EEST (Helsinki)            | 09:00 a.m.            | 12:00 a.m.              |
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| CEST (Paris, Stockholm)    | 08:00 a.m.            | 11:00 a.m.              |
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| BST (London)               | 07:00 a.m.            | 10:00 a.m.              |
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| US EDT (New York)          | 02:00 a.m.            | 05:00 a.m.              |
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YIT published a stock exchange release on the confirmation the Group's strategy 
on August 20, 2009.                                                             


For further information, please contact:                                        
Juhani Pitkäkoski, President and CEO, +358 20 433 3301, juhani.pitkakoski@yit.fi
Petra Thorén, Senior Vice President, Investor Relations, +358 40 764 5462,      
petra.thoren@yit.fi                                                             



YIT CORPORATION                                                                 


Virva Salmivaara                                                                
Senior Vice President, Corporate Communications                                 

Distribution: NASDAQ OMX, principal media, www.yitgroup.com