Eastern European Markets

December the 13th, 2011

YIT wins A Company of the Year Award in Russia

YIT Moskovia, a subsidiary of the YIT Group operating in Moscow region, won the High Reliability category of the Company of the Year 2011 awards in Russia.

YIT has proven its reliability during difficult times in the construction industry. During the financial crisis in 2008 and 2009, YIT Moskovia did not discontinue any of its projects and started new ones as planned. The projects were completed on or ahead of schedule.

In 2011, YIT Moskovia has actively developed its operations, launching 12 new projects in towns near Moscow. The company has also expanded the geographical scope of its construction operations to include locations farther away from the Russian capital.

“We thank the RBC media group and the Company of the Year expert committee for holding our operations in 2011 in such high regard,” says Juha Rissanen, Vice President, Moscow Region. Rissanen accepted the award. “We understand our responsibility towards our customers and partners. Our highest reward is the trust that homebuyers show towards us.”

“Our company is seen as a reliable partner. Examples of this trust include our effective collaboration with Russian and foreign banks. Banks are willing to grant housing loans to YIT Moskovia’s customers on good terms even in the early stages of construction,” says Valery Kim, General Director, YIT Moskovia.

The annual Company of the Year event summarises the year’s business results in Russia. The Company of the Year awards highlight the best businesses, contribute to the new image of the Russian construction industry and promote new principles of business ethics in the country.

About YIT:
YIT is a leading European service company in building systems, construction services and services for industry. We build, develop and maintain quality living environments in the Nordic countries, Central Europe, Russia and the Baltic countries. In 2010, YIT's revenue was approximately EUR 3.8 billion. The Group has about 26,000 employees. YIT's shares are listed on NASDAQ OMX Helsinki.

Further information
Valery Kim, General Director, YIT Moskovia, tel. +7 495 229 7576
Juha Rissanen, Vice President, Moscow Region, tel. +7 985 764 9218

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