PRESENTATION OF YIT'S PRESIDENT AND CEO ON CAPITAL MARKET DAY: VOLUMES IN RESIDENTIAL SALES HAVE REMAINED STABLE
ID: 121488
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 havecontrolled 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 actionsfor 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.
--------------------------------------------------------------------------------
| Time zone | President and CEO | Recorded webcast |
| | Juhani Pitkäkoski's | available |
| | presentation | |
| | (real-time webcast) | |
--------------------------------------------------------------------------------
| EEST (Helsinki) | 09:00 a.m. | 12:00 a.m. |
--------------------------------------------------------------------------------
| CEST (Paris, Stockholm) | 08:00 a.m. | 11:00 a.m. |
--------------------------------------------------------------------------------
| BST (London) | 07:00 a.m. | 10:00 a.m. |
--------------------------------------------------------------------------------
| US EDT (New York) | 02:00 a.m. | 05:00 a.m. |
--------------------------------------------------------------------------------
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
Datum: 24.09.2009 - 11:18 Uhr
Sprache: Deutsch
News-ID 121488
Anzahl Zeichen: 0
pressrelations.de – ihr Partner für die Veröffentlichung von Pressemitteilungen und Presseterminen, Medienbeobachtung und Medienresonanzanalysen
Diese Pressemitteilung wurde bisher 405 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"PRESENTATION OF YIT'S PRESIDENT AND CEO ON CAPITAL MARKET DAY: VOLUMES IN RESIDENTIAL SALES HAVE REMAINED STABLE"
steht unter der journalistisch-redaktionellen Verantwortung von
YIT Germany GmbH (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
München, 18.08.2011 - Die YIT Germany GmbH überzeugt mit hochwertigem Service und bindet langjährige Kunden weiter an sich. Das Münchener Unternehmen erhielt zwei wichtige Vertragsverlängerungen ihrer Facility Services Dienstleistungen: den Gallileo Tower der Commerzbank in Frankfurt sowie da
Weitere Mitteilungen von YIT Germany GmbH
Siemens erhält 40-Millionen-Euro-Service-Auftrag für vier Solarparks in Spanien ...
> Siemens Industry hat von der spanischen Eolia Renovables, Madrid, den Auftrag für den technischen Betrieb und die Wartung von vier Photovoltaik- Anlagen mit einer Gesamtleistung von mehr als 45 Megawatt erhalten. Der Service- und Instandhaltungsvertrag hat bei einer Laufzeit von mehr als 20
Anteil der Internet-Werbung an den Gesamtwerbeausgaben soll innerhalb der nächsten zwei Jahre auf über 20 Prozent wachsen ...
einer Expertenumfrage von CHIP Online werden Targeting, aufmerksamkeitsstarke Werbemittel und die Qualität des Umfeldes als wichtigste Faktoren erfolgreicher Online-Werbung eingestuft / Zunehmende Rolle von Crossmedia-Kampagnen erwartet, Zurückhaltung gegenüber Social Media Kampagnen München
Filialeröffnung am 25. September in Neukölln: HypoVereinsbank baut Angebot für türkische Kunden erstmals auch in Berlin weiter aus ...
> Die HypoVereinsbank (HVB) und ihre türkische Schwesterbank aus der UniCredit Gruppe, YapiKredi, bieten ab sofort ihr deutsch-türkisches Banking-Angebot nun auch in Berlin in einer neuen sogenannten "Flagship-Filiale" an. Die neue Filiale in der Karl-Marx-Straße 9 in Neukölln wird
Die Software AG hat schon mehr als 75% der IDS Scheer Aktien akquiriert ...
tadt, Deutschland, 23.09.2009: Die Software AG kündigte heute an, dass sie über 75% lder Aktien der IDS Scheer AG, über ihre 100prozentige SAG Beteiligungs GmbH, nach Ablauf lder ersten Angebotsfrist hält. Die erste Angebotsperiode endete am Freitag, den 18. lSeptember 2009, und eine zweite Ange
