YIT (YIT) Capital markets update 2026 summary

Strategic Focus and Market Outlook

• Strategy for 2025–2029 emphasizes scaling Residential CEE, infrastructure growth, and improved profitability in building construction, with resilience and data centers as key growth drivers.

• Finland is emerging as a leading European data center hub due to renewable energy, robust grid, cool climate, and a secure, stable society.

• Data center investments in Finland are projected to create an addressable construction market of up to EUR 15 billion through 2029, generating significant employment opportunities.

• Four megatrends—urbanization, digitalization, security, and climate transition—are shaping demand, with data centers at their intersection.

• Public-private cooperation and infrastructure investments are seen as critical enablers for sustained growth.

Business Positioning and Capabilities

• Holds a ~30% market share in Finland's data center construction, with integrated delivery across project phases and disciplines.

• Serves all major customer groups, including hyperscalers and AI/cloud operators, focusing on long-term, multi-phase campus developments.

• Proven track record of repeat business and expanding responsibilities with strategic customers, leveraging project-specific knowledge.

• Currently delivering projects across multiple campuses, with capacity to double and scale further.

• Strong local presence and supply chain management support efficient execution and risk mitigation.

Financial Guidance and Growth Targets

• Data center revenue exceeded EUR 200 million in the past 12 months, now representing 17% of contracting segment revenue.

• Data center business operates above 6% EBIT margin, with negative capital employed, supporting profitability.

• Order book for data centers is more than twice the past year's revenue, with ambitions to reach EUR 1 billion revenue by 2029.

• Three scenarios for 2029: EUR 700 million (low), EUR 1 billion (base), and EUR 1.3 billion (high) in data center revenue, depending on external factors like grid and power availability.

• Group growth target doubled to at least 10% annually (2024–2029), with segment targets of 6% (building) and 15% (infrastructure); profitability and ROCE targets remain unchanged.