DOCSLIB.ORG

YIT – More Life in Sustainable Cities

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
YIT – More Life in Sustainable Cities YIT – More life in sustainable cities Roadshow Lisbon March 9, 2017 Hanna Jaakkola, VP, Investor Relations yitgroup.com Contents 1 YIT in brief 3 2 Strategy and business model 8 3 Latest highlights 14 4 Housing Finland and CEE 19 5 Housing Russia 29 6 Business Premises and Infrastructure35 7 Key financials 43 8 Looking ahead and conclusions 51 9 Why invest in YIT? 54 10 Appendices 58 YIT | 2 | Investor presentation, March 2017 1 YIT in brief Merenkulkijanranta residential area Helsinki, Finland Over 100 years in Finland, over 50 in Russia, growing presence in CEE Allmänna YIT becomes Finland's No.1 Ingeniörsbyrån Expansion to Entry to construction Ab (AIB) Operations the Baltics Poland company establishes in Russia and CEE in office in begin construction Helsinki services 1912 1961 1980’s 2000’s 2015 1960’s 1995 2006 2013 YIT Demerger of Corporation Building Services: listed on the • Both companies large Stock enough to grow Today’s YIT started to Exchange independently form from 3 • Different strategies companies: Investments • and business models Perusyhtymä, Yleinen in land bank • Meaningful geographical Insinööritoimisto Oy and residential overlap only in Finland and Insinööritoimisto development in • Better management focus Vesto Oy Russia in separate companies YIT | 4 | Investor presentation, March 2017 A real estate developer and construction company with solid track record Revenue by segment*, EUR 1.8 bn 44% 41% Housing Finland and CEE Housing Russia Business Premises and Infrastructure 15% Adjusted operating profit by segment, EUR 80 million Business Premises 38 and Infrastructure Housing Russia 60 Housing Finland and CEE -2 Luokka 1 Revenue by geographical area 11% 15% Finland Russia 74% The CEE countries YIT | 5 | Investor presentation, March 2017 Figures based on segment reporting (POC) *%-shares excluding other items Balanced business portfolio HOUSING FINLAND AND HOUSING RUSSIA BUSINESS PREMISES AND CEE INFRASTRUCTURE BUSINESS We construct and develop apartments We construct and develop apartments We build offices, shopping centres, care OPERATIONS and entire residential areas. and entire residential areas, and we facilities, roads, bridges, rail and metro operate in service and maintenance stations, harbours and more. We also businesses. operate in the area of road and street maintenance. OPERATING Finland, Estonia, Latvia, Lithuania, the Seven regions in Russia: Rostov-on- Business premises: Finland, Estonia, COUNTRIES Czech Republic, Slovakia, Poland Don, Yekaterinburg, Kazan, Moscow, Latvia, Lithuania, Slovakia Moscow region, St. Petersburg, Infra: Finland Tyumen CUSTOMERS Households, private and institutional Primarily households Businesses, the public sector and investors institutional investors MAIN Lemminkäinen, SRV, Skanska, Bonava, PIK, LSR, Etalon, SU-155, Lemminkäinen, SRV, Skanska, NCC, COMPETITORS Lehto Group, Lapti, Merko Ehitus, local Lemminkäinen, local players in different Merko Ehitus, Destia, Kreate, Peab etc. players in different countries cities YIT | 6 | Investor presentation, March 2017 Our vision – More life in sustainable cities OUR VISION More life in sustainable cities OUR GROWTH ENGINE Urban development involving partners OUR DNA Result- oriented project executor OUR MISSION OUR VALUES CARE A STEP AHEAD COOPERATION PERFORMANCE YIT | 7 | Investor presentation, March 2017 2 Strategy Konepaja residential area Helsinki, Finland Revenue growth and healthy profitability through economic cycles Revenue development (EUR million) by business segment Business Premises and Infrastructure Housing Russia Housing Finland and CEE CAGR International Construction Services Construction Services Finland 5.7% Construction Services 1,929 1,841 1,716 1,800 1,793 1,632 1,631 1,573 1,660 1,399 1,448 1,384 600 1,296 489 689 599 1,112 1,143 483 487 471 616 797 356 743 828 496 474 266 268 1,329 1,149 1,144 1,028 1,102 1,227 656 727 778 728 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Adjusted operating profit (EBIT) development (EUR million) by business segment, excluding group costs 15.0% Business Premises and Infrastructure 12.3% Housing Russia 13.0% 11.8% Housing Finland and CEE 11.0% 11.1% International Construction Services Construction Services Finland 11.0% 9.1% 9.2% 9.1% Construction Services 8.9% 214 EBIT-% 7.7% 200 7.8% 9.0% 7.4% 7.3% 171 7.4% 167 6.3% 158 80 143 67 143 140 7.0% 121 31 5.4% 5.3% 108 4.6% 41 20 102 9 35 90 96 64 5.0% 70 70 56 55 61 23 38 133 134 112 108 117 11 82 3.0% 66 64 56 60 -18 -2 1.0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Note: Segment level figures (POC), i.e. sum of Construction Services related segment figures in YIT financial reporting and thus excluding effect of other items. YIT | 9 | Investor presentation, March 2017 Focus on reforming our operations Coach, encourage Improve internal Provide and train people agility easy-to-use services Reduce Build true Improve construction costs partnerships capital efficiency YIT | 10 | Investor presentation, March 2017 Renewed strategy for 2017–2019 More life in sustainable cities INNOVATOR ANNUAL GROWTH FOR LIVING 5–10% in Housing Solutions for urban living e.g. affordable apartments Livingservices Renovation services Performance Higher value-add for leap customers e.g. hybrids, big infra, alliances GROWTH INNOVATIVE PARTNER in Business Premises & Infrastructure YIT | 11 | Investor presentation, March 2017 We are making a difference CARE FOR • Proactive customer experience management • WOW service attitude CUSTOMERS • Digital customer journey VISIONARY URBAN • Strengthened long-term city development • Hybrid and area development DEVELOPMENT • Concepts PASSIONATE • Latest knowledge and more diversity • Empowered teams EXECUTION • Standardisation and pre-fabrication • Involving and encouraging people INSPIRING • Network excellence LEADERSHIP • Preferred employer YIT | 12 | Investor presentation, March 2017 Financial targets Long-term Target Outcome 2016 financial target level 5–10% annually on 8%, Revenue growth average 9% at comp. fx Return on investment 15% 4.7% Sufficient for Operating cash flow after investments EUR -43.1 million dividend payout Equity ratio 40% 35.1% 40 to 60% of Dividend payout 373.3%* (95.3%)** net profit for the period All figures according to segment reporting (POC) *The Board of Director’s proposal to Annual General Meeting **Calculated with adjusted EPS YIT | 13 | Investor presentation, March 2017 3 Latest highlights Vapo office Vantaa, Finland Key messages in Q4/2016 • Exceptionally strong residential sales to consumers in new projects in Finland and the CEE countries • Good progress in ongoing projects and a solid order backlog in Business Premises and Infrastructure • Operating profit positive in Russia due to good sales and high number of completions • Despite the improvement, financial key ratios still on an unsatisfactory level UPM headquarters Helsinki, Finland YIT | 15 | Investor presentation, March 2017 Group: Revenue grew and profitability improved in Q4 • Revenue increased by 10% y-o-y, 9% at comparable exchange rates • Operating profit margin improved y-o-y in all segments • Order backlog remained stable q-o-q, share of sold backlog continued to increase Revenue and adjusted operating profit margin (EUR million, %) Order backlog (EUR million) 2015: EUR 1,651 million, 4.6% 2016: EUR 1,784 million, 4.5% -1% 10% 9.0 % 2,641 2,613 514 8.0 % 469 464 444 416 7.0 % 375 392 5.6% 362 6.0 % 56% 60% 4.5% 4.3% 4.3% 5.0 % 5.5% 3.6% 5.2% 3.3% 4.0 % 3.0 % 2.0 % 44% 40% 1.0 % 0.0 % Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 9/2016 12/2016 2015 2016 Revenue Adjusted operating profit margin Unsold Sold All figures according to segment reporting (POC) Note: The adjusted operating profit margin does not include material reorganisation costs, impairment or other items impacting comparability YIT | 16 | Investor presentation, March 2017 EBIT-bridge Q4/2015–Q4/2016 • Positive profitability development in Housing Finland and CEE due to less capital release actions and shift in the sales mix Adjusted operating profit (EUR million), change Q4/2015–Q4/2016: 72% 28.7 1.3 -0.1 2.3 1.4 1.9 0.2 16.6 5.7 -0.7 YIT Group Volume Profitability Volume Profitability Volume Profitability Other items FX-impact YIT Group Q4/2015 Q4/2016 Housing Finland and CEE Housing Russia Business Premises and Infrastructure YIT | 17 | Investor presentation, March 2017 Several successes recently • Letter of intent signed on the implementation of the Tripla hotel • The implementation agreement on Tampere light rail project signed, ~EUR 110 million booked in the order backlog • Several new projects won in Business Premises and Infrastructure segment • Regenero, a JV formed by YIT and HGR Property Partners, acquired its first property in Espoo for a development project in January • Residential sales to consumers started to pick up in Finland – Smartti concept launched and 9 projects started • Expansion in the CEE countries proceeding well, a housing fund established to support the growth in the area in a capital-efficient way Ranta-Tampella residential area Tampere, Finland YIT | 18 | Investor presentation, March 2017 4 Housing Finland and CEE Koti Hyacint Prague, the Czech Republic Housing Finland and CEE Revenue, adjusted operating profit and ROI in Q4 • Revenue declined by 5% y-o-y due to less capital release actions in Finland, profitability improved due to less capital release actions in Finland and positive change in sales mix • Exceptionally high share of unit sales for
Load more

Recommended publications
  • FINEST BAY AREA DEVELOPMENT OY ENVIRONMENTAL IMPACT ASSESSMENT Finest Bay Area - Railway Tunnel Between Finland and Estonia
    FINEST BAY AREA DEVELOPMENT OY ENVIRONMENTAL IMPACT ASSESSMENT Finest Bay Area - Railway tunnel between Finland and Estonia The world’s longest railway tunnel project that uses private funding Finest Bay Area - Railway tunnel between Finland and Estonia The goal of the project is to construct an undersea railway tunnel between Finland and Estonia that serves both passenger and freight traffic and significantly reduces travel time between the countries. The travel time target between Helsinki Airport and Ülemiste airport in Estonia is approximately 20 minutes. The planned railway tunnel merges the Helsinki region and Tallinn into a single metropolis. The tunnel will connect Asia and Europe into a single hub for business, travel and traffic, since the tunnel project makes it possible to travel to Tallinn by train directly from Helsinki Airport. On the Estonian side, the possible connection with the Rail Baltica project will connect the region even more closely to Central Europe. Facts about the project • Tunnel length approx. 100 km. • The total cost of the project is estimated at EUR 15 billion. • The project is based on private funds. Control over the project company will remain in Finland, with project financing provided by international investors from all over the world. Equity will amount to 30% of the financing and 70% will be covered by debt. • At the moment, a one-way ticket costs 50 euros, a return ticket 100 euros and a yearly ticket 1,000 euros. Tickets are available from an online store: https://shop.finestbayarea.online/ • The project involves planning an artificial island which, according to the larger option, would enable real estate development on the island.
    [Show full text]
  • Application of the Republic of Finland for the Relocation of the European Medicines Agency to Helsinki TABLE of CONTENTS
    Application of the Republic of Finland for the relocation of the European Medicines Agency to Helsinki TABLE OF CONTENTS In safe hands 3 A SMOOTH TRANSITION 5 The new location of the European Medicines Agency 7 Continuity and a smooth handover 10 LIFE IN HELSINKI 13 Livable Helsinki 15 Easily accessible 17 Superb and internationally acclaimed education 21 Employment, social security and healthcare 26 A NEW CENTRE OF EXCELLENCE FOR THE PROTECTION OF HUMAN HEALTH 28 A strategic decision – EMA alongside ECHA 30 Helsinki – a hub for the life sciences 32 emahelsinki.fi 2 — Helsinki for EMA In safe hands The most crucial criterion for transferring the European Medicines Agency (EMA) to its new location is the ability to affect a smooth transition. To get the job done. Placing EMA alongside the European Chemicals Agency (ECHA) in Helsinki enhances the EU’s global regulatory competitiveness. Finland, simply stated, is known synergies to create a centre of Finland and the Helsinki region for its capacity to get the job excellence for the protection of possess top class expertise in the done. As a committed EU member human health. life sciences in terms of a high- and in our many roles on the glob- quality talent pool, world-leading al stage – from diplomatic conflict This decision is not a simple research, strong support servic- resolution initiatives to UN Peace- question of competition within es, and functioning networks of keeping missions – we are viewed the EU or among potential host collaboration among academia, as a partner to be entrusted with states. This is a global compe- industry and the public sector.
    [Show full text]
  • Väylät & Liikenne Virtuaalitapahtuma 15.-16.3.2021 Esitelmätiivistelmät
    Väylät & Liikenne Virtuaalitapahtuma 15.-16.3.2021 Esitelmätiivistelmät 2021 Väylät & Liikenne 2021 14.3.2021 Esitelmätiivistelmät| Väylät & Liikenne 2021 Sisällys 1.Maanantai 15.3.2021 ............................................................................................................................... 6 Liikennejärjestelmän kokonaiskuva ............................................................................................ 6 Metsäranta Heikki, Ramboll Finland Oy: Liikennejärjestelmän työmarkkinavaikutukset ja niiden arviointi .................................................................................................................................... 6 Rantala Jarkko, WSP Finland Oy: Rautatieliikenteen uusi aika – rataverkon kokonaiskuva tulevaisuuden toimintaympäristössä ................................................................................................ 11 Hokkanen Joonas, Ramboll Finland Oy: Aluetaloustieteen menetelmät liikennejärjestelmän vaikutusten arvioinnissa .................................................................................. 13 Raninen Mikko, Sweco Oy: Infrastruktuurin hiilipäästöt - avain ilmastokriisiin? ............. 14 Wood Päivi, keskuskauppakamari: Miten suomi menestyy kansainvälisesti ................... 16 Hievanen Sauli, Miltton Networks: Sipilän ja Marinin hallitusten liikennepoliittinen perintö 17 Liikennealan osaaminen ............................................................................................................ 18 Liimatainen Heikki, Tampereen yliopisto:
    [Show full text]
  • Dear Madam and Sirs, Finnish Taido Association Official Invitation to The
    Page 1 / 11 Official Invitation to the WTC2013-Event Date: January 2013 To: Taido Soke Taido Hon’in Board of the WTF Presidents and chairmen of the National Taido Associations From: World Taido Championship Organising Committee Dear madam and sirs, This is the official invitation to the World Taido Championship. We have gathered you some detailed information about the event. FTA reserves the right to make small changes. This information package is to help You planning (flights etc.) your trip to Finland. We hope that you would inform your National Taido Association and all its members about this event. We hope that taidokas from every part of the world will meet next summer here in Finland. On behalf of the World Taido Championship Organising Committee, Finnish Taido Association Sera Kaukola Brand Manager Tel: +358 – 50 – 542 3431 E-mail: [email protected] or [email protected] Address: Radiokatu 20 00093 SLU FINLAND Page 2 / 11 General Information Finland and Helsinki The tourist season in southern Finland and the Lakeland is from early June to late August. This is when all attractions and summer accommodation options are open, steamboats and ferries ply the lakes and rivers and festivals are in full swing. Things are at their busiest during Finnish holidays, typically from the summer high season in late June until the end of July. This is the time of long, light nights, when Finland doesn't seem to sleep. Helsinki is unique among Northern European cities. The lifestyle in the second-most northern capital city in the world is full of contrasts and activities in the form of hundreds of events and friendly people.
    [Show full text]
  • The Finnish Property Market 2014 1 the Finnish Property Market 2014 Contents
    The Finnish Property Market 2014 1 The Finnish Property Market 2014 The Finnish Property The Finnish Property Market 2014 Contents Preface 7 Basic facts about Finland 8 1 The Finnish economy 8 1.1 The structure of the economy 8 1.2 Finnish public finances 10 1.3 Outlook for the Finnish economy 12 1.4 Finland’s international competitiveness 14 2 Institutional aspects of the Finnish property market 15 2.1 Two forms of property ownership 15 2.2 Market practices of property investment and renting 17 2.3 Planning 19 2.4 Taxation in Finland 21 2.5 Legislation for indirect property investment 25 3 Structure and players in the Finnish property market 27 3.1 Ownership structure 27 3.2 Real estate service sector 37 4 Property sectors: investment performance, market structure and practices 39 4.1 Property investment market in 2013 39 4.2 The office market 41 4.3 The retail market 46 4.4 Rental residential sector 49 4.5 Healthcare properties 54 4.6 Industrial / logistics market 55 4.7 Hotels 57 5 Property markets in different regions – outlook for 2014 58 5.1 The Helsinki metropolitan area 58 5.1.1 Helsinki 61 5.1.2 Espoo 64 5.1.3 Vantaa 65 5.2 Other growth centres: Tampere, Oulu, Turku, Jyväskylä, Kuopio and Lahti 67 The sponsors of this publication 72 Key terminology 74 Preface The Finnish Property Market 2014 aims to satisfy the This publication is sponsored by 10 companies information needs of international investors and other representing the Finnish property investment, development, players interested in the Finnish property market.
    [Show full text]
  • Mikko Lehtonen Helsinki City Planning Department NSB Core
    Mikko Lehtonen Helsinki City Planning Department NSB CoRe partner meeting 05/06/2015 in Riga 9.6.2015 Outline of presentation • Introduction • Background • WP3 and WP4 - Proposed activities • WP3, “Platform for smart apps for passengers based on open data” • WP4, “Preliminary plan for Airport line” Introduction • The Helsinki–Tallinn growth zone is considered as a part of Europe-wide Trans-European transport networks supported by the European Union. The objective of the TEN-T is to promote the European internal market, regional cohesion and sustainable traffic network. • A multimodal user-centric design for total mobility is needed. Smart solutions are needed for travellers travelling in Helsinki and Tallinn as well as in other cities in the BSR. • Both cargo and passenger traffic is estimated to increase via the Helsinki-Tallinn fixed link. Developing the link would have a significant effect especially on commuter traffic but also on tourism. A preliminary study is needed in order to connect the Helsinki Airport line with Rail Baltic. Background (1) Population: Helsinki 0,6 million, Metropolitan Area 1,4 million, Finland 5,3 million Background (2) 18.11.2014 Background (3) Transport in Helsinki Public transport (2011) (million) journeys, total 205.3 buses 88.4 metro 61.5 trams 53.7 ferries 1.7 Background (4) WP3, Activity ”Platform for smart apps for passengers based on open data” (1) • Multimodal information services enable the networking of different transport modes so that they support each other, direct the travellers into using the transport modes most advantageous for the resources and the environment and decrease unnecessary transport.
    [Show full text]
  • Pääkaupunkiraiteita Raideverkon Kehittämisen Ideoita Helsingin Seudulle
    PÄÄKAUPUNKIRAITEITA RAIDEVERKON KEHITTÄMISEN IDEOITA HELSINGIN SEUDULLE SUY C: 3/2009 T:mi Kiskos Julkaisija KUVAILULEHTI HELSINGIN KAUPUNKI Julkaisun päivämäärä HKL-liikelaitos Suunnitteluyksikkö 20.3.2009 Tekijä(t) Seppo Vepsäläinen, Kiskos Julkaisun nimi Pääkaupunkiraiteita - Raideverkon kehittämisen ideoita Helsingin seudulle Tiivistelmä Helsingin seudun raideverkon laajentaminen ja seudun kasvu ovat välttämättä rinnakkaisia prosesse- ja. Raideliikenteen lisäämisestä ollaan laajalti yksimielisiä. Uusi liikennejärjestelmän suunnittelukierros (HLJ) on käynnistynyt seudun 14 kunnan alueella. Laajemmin kuin ennen Helsingin kasvun suuntaa- misen kysymyksiä pohditaan kuntien ja valtion yhteistyönä. Näyttää siltä, että kohtuullisin 100-150 M€:n vuotuisin investointipanoksin raideverkkoon seudulle on saatavissa nykyistä palvelua selvästi parempi joukkoliikenne muutaman vuosikymmenen aikajänteellä. Selvityksessä tehtyjen karkeiden toiminnallisten ja taloudellisten arvioiden perusteella kannattaviksi rai- deverkon kehittämistavoiksi osoittautuivat sekä toisen metrolinjan jatkaminen Pasilasta Maunulan ja lentoaseman kautta Tuusulaan että toisen metrolinjan haaroittaminen Pasilasta myös Viikin suuntaan. Viikin suunnan haara palvelisi matkustajia edelleen paremmin, mikäli metrorata jatketaan Viikistä Itä- keskukseen, jolloin Vuosaaren nykyinen metroyhteys muuttuisikin Pasilan kautta keskustaan tulevaksi linjaksi (Vuosaari - Itäkeskus - Viikki - Pasila - Kamppi). Selvityksen perusteella metro- ja kaupunkirataliikenteen integraatiolla voidaan saada
    [Show full text]
  • EAIE 2019 Conference Companion.Pdf
    ENCOMPASSING ALL VOICES CONFERENCE COMPANION www.eaie.org/helsinki Start your day with the conference Daily Grab your copy of Times Higher Education’s daily magazine Wednesday to Friday. Each edition includes special features, interviews and coverage of the conference week. HIGHLIGHTS 03 TOP ACTIVITIES 12 16 Campus Experiences Plenaries Explore Finnish higher education On Wednesday and Friday WELCOME TO EAIE HELSINKI 2019 Forward-thinking and quirky, Helsinki is the ideal backdrop for the 31st Annual EAIE Conference and Exhibition. In the current social and political climate, integrating divergent viewpoints in policy and practice is more important than ever. ‘Encompassing all voices’ is the Finnish education system in a nutshell: a front-runner in providing inclusive and high-quality learning to all. The buzzing capital, Helsinki, is a place where tradition and cutting-edge technologies live side by side, a city of contrasts that invites us to be open-minded in all our endeavours. The EAIE wishes you an inspiring week ahead. #EAIE2019 17 24 Networking events Sessions Connect with peers Engage with timely topics CONTENTS 05 Schedule at a glance Plan your day 07 Our sustainability journey Go green at the conference 08 Conference roadmap Set yourself up for success Copyright © 2019 by the EAIE. ISSN 1389-0808 09 Top tips for newcomers Make the most of your time European Association for International Education (EAIE) 10 Venue services & transportation PO Box 11189, 1001 GD, Amsterdam, the Netherlands Get around Helsinki TEL +31-20-344 51 00 E-MAIL [email protected] 12 Campus Experiences www.eaie.org Explore Finnish higher education CHAMBER OF COMMERCE 40536784 14 Workshops PRINTED BY Enhance your skills Drukkerij Raddraaier, Amsterdam.
    [Show full text]
  • Helsinki Hotel Investment Guide 2019
    Helsinki Hotel Investment Guide 2019 Market Hotel Demand Market Area Market and Supply Participants Analysis Description Analysis Helsinki Hotel 2 Investment Guide 2019 Content 1Market 2Hotel 3Demand Area Market & Supply Analysis Description Analysis Hotel market overview and analysis 1.1 Helsinki in a Nutshell 2.1 Performance and Growth 3.1 Demand Changes 1.2 Accessibility and 2.2 Hotel Profitability 3.2 Supply Changes Infrastructure Development 2.3 Future Market Outlook 3.3 Seasonal Changes 1.3 Commercial Activity and 3.4 Existing Hotel Capacity Development 3.5 New Pipeline Developments 1.4 Tourism and Leisure Activity and Development 1.5 Annual Conferences ⊲ Page 6 ⊲ Page 24 ⊲ Page 30 Helsinki Hotel 3 Investment Guide 2019 4Hotel Market 5Investment Participants Guide 4.1 Operators & Brands 5.1 Types of Contracts 4.2 Real Estate Owners and 5.2 Lease Terms Existing Investors 5.3 Recent Transactions 5.4 Labour Cost in Finland 5.5 Investor’s Road Map ⊲ Page 44 ⊲ Page 48 Helsinki Hotel 4 Investment Guide 2019 Welcome to Helsinki! Explore the hotel opportunities in the Helsinki Metropolitan Area The Helsinki Metropolitan Area – the capital region of Finland – is a thriving business hub located in the heart of the Baltic Sea region. Linking the west with the east, Helsinki has grown to become a true global hotspot for business and leisure travel. This clean, stable and secure region has an extremely well-functioning business environment and is known for a very high standard of living, quality of life and wellbeing. All this makes the Greater Helsinki Area a very attractive and promising market for the hospitality industry.
    [Show full text]
  • Preliminary Programme Οn the Road to Prevention and Healthy Living Visit the Website for More Information
    ProgrammeEuropean at a Glance Academy | Sunday, 18 of June 2017 Allergy and Clinical Immunology 17 – 21 June 2017 Helsinki, Finland Preliminary Programme Οn the Road to Prevention and Healthy Living Visit the website for more information www.eaaci.org #eaaci2017 www.eaaci.org 1 Committees EAACI Executive Committee EAACI Board of Officers L. O’Mahony, Immunology Adjunct Members A. Muraro, President G. du Toit, Pediatrics F. Braido, CME Committee Chair P. Hellings, Secretary General O. Tsilochristou, Junior Members A. Frew, Ethics Committee Chair M. Jutel, Treasurer R. Gerth van Wijk, Specialty Committee Chair I. Agache, Vice-President Communications EAACI Interest Group Representatives S. Halken, Scientific Programme Coordinator and Membership, President Elect S. Quirce A. Lauerma, EAACI Congress 2017 Chair L. K. Poulsen, Vice-Pre - sident Congresses I. Skypala C. Schmidt-Weber, Exam Committee Chair P. Schmid-Grendelmeier, Vice-President S. Smolinsk, EAACI Web Editor Education and Specialty Members at Large F. Timmermans, Patients Organisations N. Papadopoulos, Past President M. B. Bilò Committee Chair T. Chivato O. Tsilochristou, EAACI Social Media Editor EAACI Section Chairpersons K. Hoffmann-Sommergruber T. Werfel, National Allergy Societies Ö. Kalayci, Asthma M. Khaitov Committee Chair C. Bindslev-Jensen, Dermatology S. Lau R. Mösges, ENT G. Roberts Local Organising Committee (LOC) A. Lauerma, EAACI Congress 2017 Chair J. Karjalainen R. Renkonen M. Mäkelä, EAACI Congress 2017 Secretary P. Kauppi A. Salava N. Fyhrquist, LOC Secretary M. Khaitov J. Savolainen T. Haahtela, EAACI Congress 2017 Honorary E. Melén S. Toppila-Salmi President A. Pelkonen E. Valovirta S. Plado Scientific Programme Committee (SPC) S. Halken SPC Coordinator Interest Group (IG) Chairs A.
    [Show full text]
  • Real Estate Annual Finland 2016
    NORDICUM Give ’em Espoo Goes Recharging Helsinki Underground Turku Real Estate Annual Finland Urban Proof Who’s Designing Your City? UX Marks the Spot Joe Pine Breaks Down Experience Economy DKK 42,00 NOK 47,00 EUR 6,60 SEK 49,00 NORDICUM.com FINLAND FAST FACTS 64° 00' N 26° 00' E Highest possible status (AAA) with Newsweek Magazine has ranked The largest sector of the the global credit rating agencies Finland as the world’s best country Finnish economy is services at 65 %, followed by manu- Fitch Ratings and Moody’s and AA+ on the basis of criteria emphasising facturing and refining at 31 %. by Standard & Poor’s. the environment, education and quality of life. Finnish startup spirit is personified by super tech-event Slush which again brought together 15,000 attendees (including 1,700 startups) in November 2015. Helsinki was declared the number one Corporation tax was lowered to 20% at the beginning of 2014 Smart City (from 24,5%). Finnish game series Angry in the world (Fast Company). Birds has been downloaded more than three billion times, making it the most download- ed freemium game series of all Espoo-based Aalto University is an time. "Innovation University" through-and-through. Combining business, design and hi-tech, Aalto was ranked among the five rising stars of the international academic community by MIT. Helsinki placed second (after Labour costs are lower in Finland London) in the Financial Times’ FDI compared to the other Nordic Intelligence European Cities of the countries. Future 2014/2015 ranking which measures the ability of areas and cities to attract foreign direct investments (FDI).
    [Show full text]
  • YIT Roadshow Feb March 2019
    TRIPLA PROJECT HELSINKI, FINLAND Roadshow presentation June 2019 Contents 1 YIT in a nutshell 2 YIT’s strategy 2019-2021 3 Group development in Q1/2019 4 Segment reviews 5 Financial position and key ratios 6 Outlook and guidance 7 Appendices All 2018 figures are pro forma, please see slide 29 for additional information. Figures in brackets refer to comparison period unless otherwise stated. KONEPAJA AREA DEVELOPMENT PROJECT 2 Roadshow presentation, June 2019 HELSINKI, FINLAND 1 YIT in a nutshell 3 Roadshow presentation, June 2019 TRIPLA PROJECT HELSINKI, FINLAND YIT in brief Geographic revenue split, 2018 February 1, 2018 10,000 FINLAND Paving 70% of total revenue o YIT and Lemminkäinen merged employees N of personnel: 5,034 Infrastructure projects Business premises SCANDINAVIA 9% of total revenue RUSSIA Partnership No of personnel: 757 3.8 billion 11 9% of total revenue properties o EUR, pro forma operating countries N of personnel: 1,740 revenue for 2018 Housing ILLUSTRATIVE REVENUE PER BUSINESS AND SEGMENT IN 2018*, % BALTIC COUNTRIES CEE COUNTRIES 8% of total revenue 4% of total revenue No of personnel: 1,249 Tender- Paving No of personnel: 290 based Urban 19% Housing FIN & 27% development CEE 49% 30% Infrastructure projects 16% Housing Russia 7% Non-cyclical Business premises and businesses Partnership properties 24% 28% * Illustrative estimates do not take into account for example Group figures so the illustrative 4 Roadshow presentation, June 2019 information should not be viewed as pro forma information. We offer the whole package
    [Show full text]