YIT is a leading service company offering building systems, construction services and services for industry. YIT builds, develops and maintains properties, infrastructure, technical systems and industrial processes in the Nordic countries, Russia, the Baltic countries and Central Europe.
In 2011, YIT posted net sales of €4.4 billion and employed over 26 000 people. YIT is the leading constructor in its sector in all countries where it operates.
YIT has operated continuously in Russia since 1961. Export projects gradually evolved into subsidiary and joint ventures established with local partners. Currently, YIT is present in St. Petersburg, the city of Moscow and the Moscow region, Yekaterinburg, Rostov-on-Don and Kazan. YIT’s operations in Russia focus on residential construction. Additionally, YIT offers building equipment systems and industrial services.
Russian operations account for about 9 % of the Group’s revenue. YIT employs about 2 800 people in Russia. YIT will increase its residential production in Russia according to market demand in the current cities, and strengthen its reputation as a reliable residential developer.