Helsinki, Finland, 2013-09-27 09:00 CEST (GLOBE NEWSWIRE) -- YIT CORPRATION INVESTOR NEWS September 27, 2013 at 10:00 a.m.
YIT is awarded five new regional contracts
YIT Construction Ltd has won five regional contracts from different parts of Finland from the road management and maintenance regional contract tendering competition organised by the Centre for Economic Development, Transport and the Environment (ELY Centre). The contracts will amount to a value of over EUR 63 million overall and there are over 5,000 kilometres of roads to be maintained. The works will start October 1, 2013.
The contracts for Kotka, Kauhajoki, Hyvinkää and Hämeenlinna, are a continuation of previous contracts. The contract for Kotka is for seven years, and the Kauhajoki, Hyvinkää and Hämeenlinna contracts are for five years. The Kuhmo contract is for a length of one year.
For further information, please contact:
Timo Paavilainen, Head of Unit, YIT Construction Ltd, Tel. +358 400 569 106, firstname.lastname@example.org
Mika Terhelä, Head of Unit, YIT Construction Ltd, Tel. +358 40 840 2538, email@example.com
Sanna Kaje, Vice President, Investor Relations, YIT Corporation, Tel +358 50 390 6750, firstname.lastname@example.org
Distribution: NASDAQ OMX, Major media, www.yitgroup.com
YIT leads the way in the construction sector by creating more attractive and sustainable urban environments in Finland, Russia, the Baltic countries, the Czech Republic and Slovakia. YIT builds housing, business premises and infrastructure, develops entire areas, and offers residential service concepts for consumers. YIT has over 100 years of experience and a strong market position: it is the largest residential construction company in Finland and the most significant foreign residential construction company in Russia. YIT is also one of the largest business premises and infrastructure construction companies in Finland. YIT has more than 6,000 employees in seven countries. In 2012, the company’s revenue was approximately EUR 2.0 billion. YIT’s shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com