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    YIT   FI0009800643

YIT OYJ

(YIT)
  Report
Delayed Nasdaq Helsinki  -  11:29 2022-11-28 am EST
2.672 EUR   -0.89%
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YIT Oyj : An open minded and solution-seeking construction professional will thrive in alliance model built projects

12/08/2021 | 01:12am EST

YIT alliance

Reliable, cooperative, experimental, challenger and explorative. People working in an alliance are described in many ways, but do alliance projects need different characteristics than construction projects in general?

As with other project models, alliance projects need strong professionals with the necessary competence for the task. No two alliance experts are cut from the same cloth.

"You hear people classified as alliance people and non-alliance people. Alliance construction is still quite similar to other implementations," Anne Piiparinen, the Head of YIT's Infrastructure construction division.

According to Piiparinen, leading by shouting or overriding other people's opinions do not belong to an alliance or any project model. Instead, he emphasises the ability to listen to others' points of view, justify one's own ideas, and find the best solution for the project, rather than doing things as usual, "just because this is how we have always done things". It is also an important skill to be able to reflect on what you and your team are doing, learn from it and improve your performance.

"Diversity in an alliance is an asset. When sparring with teams, I have said that you don't need to change yourself into a different person; you can be yourself and reflect on your own work. However, you must remember to behave appropriately, listen and be active in finding a solution," says Piiparinen.

Cooperation skills are most important

Alliances are criticised for emphasising discussions too much. However, discussion and cooperation skills play a key role in the alliance. When everyone comes from different companies and corporate cultures, through interaction, you get to know each other, build trust between the parties, and determine a common way to work.

According to Markus Kaustinen, regional Project Manager of YIT Kokkola and Project Manager of the Bothnia High5 project, the alliance is a new, cooperative project model in the Ostrobothnia region.

"The first things you hear about the model are cooperation and the desire to work together. When professionals in their respective fields discuss around one table, it is possible to come up with ideas and develop significant things. Then know-how can be shared, and the end-result can be new innovations and wise, cost-effective solutions," says Kaustinen.

For further information:
Anne Piiparinen, Head of Division, Infrastructure construction, tel. +358 (0)40 823 2808, anne.piiparinen@yit.fi
Markus Kaustinen, Project Manager for the Bothnia High 5 alliance, YIT, tel. 044 7789415, markus.kaustinen@yit.fi
Pirita Tiusanen, Communications Manager, YIT Corporation, tel. +358 (0)44 240 9822, pirita.tiusanen@yit.fi

YIT is the largest Finnish and a significant North European development and construction company with a strong customer focus and clear mission to create better living environments. We develop and build functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

Disclaimer

YIT Oyj published this content on 08 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 December 2021 06:11:02 UTC.


ę Publicnow 2021
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Sales 2022 2 449 M 2 546 M 2 546 M
Net income 2022 60,3 M 62,7 M 62,7 M
Net Debt 2022 633 M 658 M 658 M
P/E ratio 2022 9,79x
Yield 2022 6,16%
Capitalization 565 M 587 M 587 M
EV / Sales 2022 0,49x
EV / Sales 2023 0,47x
Nbr of Employees 5 500
Free-Float 57,3%
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Number of Analysts 5
Last Close Price 2,70 €
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Spread / Average Target 3,86%
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Markku Olavi Moilanen President & Chief Executive Officer
Tuomas Sakari Mńkipeska Chief Financial Officer
Harri-Pekka Antero Kaukonen Chairman
Eero Juhani Heli÷vaara Vice Chairman
Olli-Petteri Lehtinen Independent Director
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