YIT corporation interim report october 28, 2011

YIT'S INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 2011: RECORD HIGH RESIDENTIAL SALES IN RUSSIA, THE GROUP'S STRONG ORDER BACKLOG RAISES VISIBILITY

SEGMENT REPORTING 1-9/2011 (1-9/2010): Revenue increased by 23 percent

• The operating profit of the segments was 3 percent higher than in the previous year, amounting to EUR 164.3 million (1-9/2010: EUR 159.4 million). Operating profit in Building Services Central Europe more than doubled as the result of the acquisition completed at the beginning of September 2010 and successful measures to improve profitability. Operating profit remained at the previous year's level in Construction Services Finland. 
• The revenue of the segments was 23 percent higher than in the previous year, increasing to EUR 3,260.3 million (1-9/2010: EUR 2,659.4 million). Revenue increased across all segments. The growth of revenue was supported by an acquisition in Central Europe completed at the beginning of September 2010, the slight picking up of demand for building system services, continuously favourable residential sales and the picking up of the business premises market in Finland.
• The order backlog of the segments was 4 percent higher than the year before, amounting to EUR 3,489.0 million (9/2010: EUR 3,366.9 million). The order backlog increased from the end of June 2011 in Construction Services Finland.

YIT estimates that in 2011 the combined revenue and operating profit of the business segments will grow compared to 2010.

More information:
YIT Corporation Interim Report 1-9/2011 in English at www.yitgroup.com