ADVISORY, Dec. 3, 2012 (GLOBE NEWSWIRE) --
YIT, a leading European service company in building systems, construction services and services for industry, will visit the NASDAQ MarketSite in Times Square to celebrate its 100th anniversary.
In honor of the occasion, Timo Lehtinen, CFO and Hanna-Maria Heikkinen, Vice President, Investor Relations, will ring the Opening Bell.
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Tuesday, December 4th, 2012 – 9:15 a.m. to 9:30 a.m. ET
+358 40 8262172
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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About YIT [YTY1V]:
YIT has grown strongly in the 2000s: the company's revenue has more than tripled and operating profit more than doubled.
Housing construction in Russia offers YIT significant growth and profitability potential in the long term. The company has operated in Russia for over 50 years and seen both upturns and downturns. During the last year, YIT has expanded into eight new cities in the Moscow region.
YIT is one of the largest Western construction companies in Russia. The growth in the volume of housing construction is supported by the growing middle class's great need for improved quality of housing, the favourable development of the mortgage market and the increase in the number of households.
In Russia, customers have traditionally purchased their homes unfinished and finished them themselves. Even though individualism is still very important to Russians, our customers increasingly want to buy finished residential units. YIT's reputation as a reliable construction company in Russia improved significantly during the financial crisis, with the company continuing the construction of all of its projects as planned. As proof of good development, the company has won several quality awards in construction in Russia.
YIT celebrates its 100th anniversary in 2012. The company was established in the Grand Duchy of Finland in 1912. Today, YIT is a leading European service company in building systems, construction services and services for industry. Our 26,000 professionals serve customers in 14 countries in the Nordic and Baltic countries, Russia and Central Europe. YIT's vision is to lead the way in creating and maintaining good living environments. In 2011, YIT's revenue was approximately EUR 4.4 billion. YIT's shares are listed on NASDAQ OMX Helsinki. www.yitgroup.com.
About NASDAQ OMX Group:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Source:The NASDAQ OMX Group, Inc.