About YIT
YIT is a company based in Helsinki (Finland) founded in 1912 was acquired by Eolus Vind in December 2023. It operates as a Professional Services. The company has 4,120 employees as of December 31, 2024. YIT has completed 1 acquisition, including Caverion. YIT offers products and services including Residential Building Construction, Infrastructure Construction, Renovation Services, and Industrial Construction. YIT operates in a competitive market with competitors including Vingroup, Lendlease, Lodha Group, Vanke and Frasers Property, among others.
- Headquarter Helsinki, Finland
- Employees 4120 as on 31 Dec, 2024
- Stage Public
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Yit Oyj
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Annual Revenue
$1.89 B (USD)-15.86as on Dec 31, 2024
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Net Profit
$-121.55 M (USD)-5750as on Dec 31, 2024
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EBITDA
$-40.52 M (USD)-490as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
4120
as on Dec 31, 2024
- Investments & Acquisitions
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Acquired by
Eolus Vind
(Dec 12, 2023)
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IPO & Listings of YIT
YIT is a publicly listed company on the OMXHEX with ticker symbol YIT in Finland, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of YIT
YIT offers a comprehensive portfolio of products and services, including Residential Building Construction, Infrastructure Construction, Renovation Services, and Industrial Construction. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Sustainable homes are developed for residential purposes.
Infrastructure projects are built for urban development.
Renovation services are provided for existing structures.
Industrial facilities are constructed for various sectors.
Funding Insights of YIT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in YIT
YIT has secured backing from 1 investor. Prominent investors backing the company include Eolus Vind. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Developer of wind power projects
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by YIT
YIT has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Caverion. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Caverion is engaged in building performance and facility management.
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1912 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - YIT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Yit Comparisons
Competitors of YIT
YIT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vingroup, Lendlease, Lodha Group, Vanke and Frasers Property, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Real estate development and management services are offered by Vingroup.
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| domain | founded_year | HQ Location |
Sustainable project development and maintenance services are provided worldwide.
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| domain | founded_year | HQ Location |
Developer of residential and commercial real estate properties
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| domain | founded_year | HQ Location |
Real estate properties are developed in over 50 cities.
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| domain | founded_year | HQ Location |
Residential and commercial properties are developed and managed across regions.
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| domain | founded_year | HQ Location |
Eiffage is engaged in construction, energy, and infrastructure concessions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Yit
Frequently Asked Questions about YIT
When was YIT founded?
YIT was founded in 1912.
Where is YIT located?
YIT is headquartered in Helsinki, Finland.
Who is the current CEO of YIT?
Kari Kauniskangas is the current CEO of YIT.
How many employees does YIT have?
As of Dec 31, 2024, the latest employee count at YIT is 4,120.
What is the annual revenue of YIT?
Annual revenue of YIT is $1.89B as on Dec 31, 2024.
What does YIT do?
YIT Corporation is involved in the development of sustainable homes, spaces, and cities. Activities are focused on residential building construction, infrastructure projects, industrial construction, and renovation services. Operations are conducted across multiple countries, including Finland, Sweden, and various Eastern European nations. Emphasis is placed on environmental and social sustainability, alongside good governance practices. Solutions are tailored to create better living environments for communities.
Who are the top competitors of YIT?
YIT's top competitors include Godrej Properties, Vingroup and DLF India.
What products or services does YIT offer?
YIT offers Residential Building Construction, Infrastructure Construction, Renovation Services, and Industrial Construction.
Is YIT publicly traded?
Yes, YIT is publicly traded on OMXHEX under the ticker symbol YIT.
How many acquisitions has YIT made?
YIT has made 1 acquisition, including Caverion.
Who are YIT's investors?
YIT has 1 investor. Key investors include Eolus Vind.
What is YIT's ticker symbol?
The ticker symbol of YIT is YIT on OMXHEX.
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