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    YIT   FI0009800643

YIT OYJ

(YIT)
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YIT Oyj : extends the maturity of a EUR 50 million term loan by one year

06/22/2021 | 10:16am EDT

YIT Corporation   Stock exchange release   22 June 2021 at  5:15 p.m.

YIT extends the maturity of a EUR 50 million term loan by one year

YIT has agreed with SEB on a one-year extension of its EUR 50 million term loan by utilizing one of the two one-year extension options. The new maturity date for facility is in March 2023. The extension of the loan maturity supports YIT's existing strong liquidity position.

For further information:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 40 576 0288, tommi.jarvenpaa@yit.fi
Karo Nukarinen, Senior Vice President, Treasury, YIT Corporation, tel. +358 50 564 0920, karo.nukarinen@yit.fi

YIT Corporation

Tommi Järvenpää
Vice President, Investor Relations

Distribution: Nasdaq Helsinki, major media, www.yitgroup.com

YIT is the largest Finnish and a significant North European urban developer and construction company. Our goal is to create more sustainable, functional and attractive cities and living environments. We develop and build apartments, business premises and entire areas. We also specialise in demanding infrastructure construction. We own properties together with our partners, which supports the implementation of our significant development projects. We also provide our customers with services that increase the value of properties. We employ approximately 7,400 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2020 was approximately EUR 3.1 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com

https://news.cision.com/yit-oyj/r/yit-extends-the-maturity-of-a-eur-50-million-term-loan-by-one-year,c3371944

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 2 752 M 3 239 M 3 239 M
Net income 2021 81,8 M 96,2 M 96,2 M
Net Debt 2021 416 M 489 M 489 M
P/E ratio 2021 13,9x
Yield 2021 3,61%
Capitalization 1 101 M 1 295 M 1 296 M
EV / Sales 2021 0,55x
EV / Sales 2022 0,53x
Nbr of Employees 7 400
Free-Float 62,0%
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 5,27 €
Average target price 5,70 €
Spread / Average Target 8,26%
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Markku Olavi Moilanen President & Chief Executive Officer
Ilkka Juhani Salonen Chief Financial Officer
Harri-Pekka Antero Kaukonen Chairman
Juhani Nummi Executive Vice President-Operations Development
Tiina Marjukka Tuomela Independent Director
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