1. YIT Group Interim Report Jan-Mar/2007
Hannu Leinonen Group CEO
Event for analysts
April 26, 2007

2. Contents YIT Group Interim Report Jan-Mar/2007
26 April, 2007
Contents
YIT Group Interim Report Jan-Mar/2007
Market and Future Outlook
Appendices
YIT Share
Market Outlook
Interim Report Jan-Mar/2007
Strategic Target Levels and their Development
YIT Corporation

3. Interim Report Jan-Mar/2007
26 April, 2007
YIT Group
Interim Report Jan-Mar/2007
YIT Corporation

4. Order backlog all time high
Jan-Mar/2007
Jan-Mar/2006
Change, %
Jan-Dec/2006
Revenue, MEUR
Revenue in Russia, MEUR
833.5
48.1
768.8
50.3 8%
-4% 3,
Operating profit, MEUR
Operating profit margin, %
61.2
7.3%
53.7
7.0%
14% - %
Earnings per share, EUR
0.31
0.29 7%
1.36
Return on investment, %
25.4%
28.1%
24.8%
Equity ratio, %
31.8%
33.5%
34.5%
Gearing ratio, %
85.6%
62.7%
75.1%
Order backlog, MEUR
2,995.4
2,007.2
49%
2,802.3
Number of employees
22,418
21,140 6%
22,311

5. Revenue and operating profit growth continued
26 April, 2007
Revenue and operating profit growth continued
Building Systems
Demand continued briskly in all business territories
Profitability improvement continued. Operating profit margin rose to 5.1 % (Jan-Mar/2006: 3.6%)
Focus on growth in 2006 was seen in the revenue growth which was 13%
Order backlog all time high, growth 30%
Construction Services
Profitability remained excellent. Operating profit margin 11.2% (11.6%)
Order backlog all time high, growth 65%
In Finland demand for new housing stayed at good level
In Russia the number of residences sold by YIT decreased compared to the previous period, but the value of sales stayed the same
Industrial and Network Services
In industrial maintenance and projects the trend was favourable
Operating profit declined due to the weak market in network services and the final completion of the downscaling measures carried out in 2006*
Operating profit margin 4.5% (4.9%)
Order backlog growth 4%
* EUR 1.0 million in downscaling expenses were booked in operating profit during Jan-Mar/2007.
YIT Corporation

6. Consolidated income statement
MEUR
Jan-Mar/2007
Jan-Mar/2006
Change, %
Jan-Dec/2006
Revenue
833.5
768.8 8
3,284.4
Operating profit
61.2
53.7 14
258.8
as percentage of revenue
7.3
7.0 -
7.9
Financial items, net
-6.4
-3.6 78
-20.6
0.8
0.5
0.6
Profit before taxes
54.8
50.1 9
238.2
6.6
6.5
Income taxes 1)
-14.7
-12.4 19
-62,8
as percentage of profit before taxes
26.8
24.8
26.4
Profit for the period
40.1
37.7 6
175.4
4.8
4.9
5.3
Attributable to
Equity holders of the company
39.6
36.4
171.0
Minority interests
1.3
-62
4.4
Earnings per share, EUR
0.31
0.29 7
1.36
1) Income taxes have been accounted for as a share of the estimated taxes for the entire financial year, calculated in proportion to the result for the review period.

7. Revenue by business segment
MEUR
Jan-Mar/ 2007
Jan-Mar/ 2006
Change, %
Jan-Dec/ 2006
Building Systems
367.7
325.6 13
1,415.1
Construction Services
369.2
350.8 5
1,452.2
Industrial and Network Services
110.7
107.7 3
476.9
Other items
-14.1
-15.3 -8
-59.8
YIT Group, total
833.5
768.8 8
3,284.4

8. Breakdown of revenue Jan-Mar/2007 (Jan-Mar/2006)
Finland 55%
MEUR (441.9)
Growth 4%
Lithuania, Latvia, Estonia 6%
MEUR 47.6 (35.1)
Growth 36%
Russia 6%
MEUR 48.1 (50.3) Change -4%
Sweden, Norway, Denmark 33%
MEUR (240.4)
Growth 13%
Total revenue MEUR (768.8)

9. Business mix development
% of revenue Jan-Dec/2006
Jan-Mar/2007
Increase
Consumer services % %
Services offered directly to end-users
Increase
Long-term service agreements % %
Repeated service deliveries based on longer term agreements
Increase
Project development ab. 9% %
Comprehensive deliveries where we take part during the whole life cycle starting from developing the idea for the project
Contracting ab. 39% %
Keep
Services delivered based on project-specific competition

10. Construction Services Industrial and Network Services
Operating profit by business segment
MEUR 1) 3) 2)
Building Systems
Construction Services
Industrial and Network Services
Other items
Jan-Mar/06
Jan-Mar/07
Jan-Dec/06
Total operating profit Jan-Mar/ MEUR 61.2
Jan-Mar/ MEUR Jan-Dec/ MEUR 258.8
1) Provisions for certain ended contractual obligations were released in the Q4/2006 period. This had a positive impact of EUR 7.2 million on operating profit.
2) Includes the final expense of EUR 1.0 million of personnel expenses in Q1/ 2007 as a result of the codetermination negotiations carried out in 2006.
3) Includes EUR 5.1 million of personnel expenses in Q3/2006 as a result of the codetermination negotiations carried out in 2006.

11. Building Systems Operating profit by quarter
Operating profit, MEUR
Operating profit margin,% 2) 2) 1) 1)
1-12
1-12
2007
2007
1) Includes a loss provision of EUR 4 million due to an electrification project on two ships for the Royal Danish Navy (non-recurring item) in Q3/2004.
2) Building Systems released provisions for certain ended contractual obligations in the Q4/2006 period. This had a positive impact of EUR 7.2 million on operating profit.

12. Construction Services Operating profit by quarter
Operating profit, MEUR
Operating profit margin,%
1-12
1-12
2007
2007

13. Industrial and Network Services Operating profit by quarter
Operating profit, MEUR
Operating profit margin,% 2) 2) 1) 1)
1-12
1-12
2007
2007
1) Includes EUR 5.1 million of personnel expenses in Q3/2006 as a result of the codetermination negotiations carried out in 2006.
2) Includes the final expense of EUR 1.0 million of personnel expenses in Q1/ 2007 as a result of the codetermination negotiations carried out in 2006.

14. Earnings per share per quarter
EUR
Q1/ 2004
Q3/ 2004
Q2/ 2004
Q4/ 2004
1-12/ 2004
Q1/ 2005
Q2/ 2005
Q3/ 2005
Q4/ 2005
1-12/ 2005
Q1/ 2006
Q2/ 2006
Q3/ 2006
Q4/ 2006
1-12/ 2006
Q1/ 2007
The doubling amount of shares which came into effect on March 24, 2006 (split) has been taken into account.

15. Return on investment 1994 - 3/2007 % FAS 1994 - 2004
2005
2006
3/2006
3/2007
FAS
IFRS /2007

16. YIT Group invested capital
26 April, 2007
YIT Group invested capital
Dec/2005
Dec/2006
Mar/2007
Russia 26%
MEUR 314
Russia 11%
MEUR 100
Russia 23%
MEUR 279
Other YIT Group 89%
MEUR 799
Other YIT Group 77%
MEUR 928
Other YIT Group 74%
MEUR 898
Total Dec/2005
MEUR 899
Total Mar/2007
MEUR 1,212
Total Dec/2006
MEUR 1,207
Invested capital= balance sheet total - non interest-bearing liabilities
YIT Corporation

17. Net debt and gearing by quarter
Net interest-bearing debt, MEUR
Gearing ratio, %

18. Order backlog at end of period
MEUR
2,995.4
2,802.3
2,246.2
2,151.3
1,909.4
1,999.2
2,007.2
1,823.4
1,881.4
1,878.8
1,722.2
1,708.2
1,585.2

19. Order backlog by business segment
MEUR
Mar/2007
Mar/2006
Change, %
Dec/2006
Building Systems
670.3
517.6 30
601.7
Construction Services
2,137.9
1,296.5 65
2,053.5
Industrial and Network Services
228.8
219.5 4
184.0
Other items
-41.6
-26.4 58
-36.9
YIT Group, total
2,995.4
2,007.2 49
2,802.3

20. Personnel at end of period

21. Market and Future Outlook
26 April, 2007
Market and Future Outlook
YIT Corporation

22. Market outlook
26 April, 2007
The boom in the Nordic countries peaked last year, but will continue during the upcoming years, with growth outpacing the euro zone by about one percentage point.
Russia and Norway still benefit from the high prices of oil.
The rate of growth in the Baltic countries is still about three times and in Russia double compared to the Nordic countries.
Euro interest rates are seeing moderate growth. The positive earnings trend and the improvement in the employment situation strengthens household confidence in all of YIT’s business territories.
The record-high population shift in Finland is continuing, maintaining stable need for the construction of new housing and increasing renovation works of old housing. Growth in the construction of business premises outpaces that of housing production.
Huge need for apartments in the large cities of Russia enables the expansion of residential production over the long term.
Growth in exports and industrial output increases the need for industrial investments and maintenance in all the Nordic countries.
YIT Corporation

23. Housing market development in Russia
Household income is increasing
Huge need for new apartments
In 2006 apartment price increases were exceptionally high in some large cities
Mortgage loan market started gradually to function
Residential production supports the local development and the welfare targets set by society

24. Number of start-ups in YIT’s housing production in FinlandNo
3,169
3,278
3,321
3,108
2,944
3,004
2,717
444
254

25. YIT’s residential production
Russia Nr
1-12/ 04
1-12/ 05
1-12/ 06
1-3/ 06
1-3/ 07
12/ 04
12/ 05 3/ 06
12/ 06 3/ 07

26. YIT’s residential production Lithuania, Latvia, EstoniaNr
1-12/ 04
1-12/ 05
1-12/ 06
1-3/ 06
1-3/ 07
12/ 04
12/ 05 3/ 06
12/ 06 3/ 07

27. Outlook for 2007 in residential construction
26 April, 2007
Outlook for 2007 in residential construction
YIT estimates its market-financed residential start-ups:
in Finland about 2,700 (start-ups in 2006: 2,818)
in Russia about 4,500 (3,699)
in the Baltic countries about (887)
YIT Corporation

28. Outlook for 2007 We estimate that revenue and operating profit (EBIT)
26 April, 2007
Outlook for 2007
We estimate that revenue and operating profit (EBIT)
in 2007 will increase compared to the previous year.
The outlook for revenue growth is supported by the record-high order backlog, the continuing booming market situation and YIT’s major investments on the Russian market.
The healthy margin of the order backlog and the company’s own profitability improvement measures underlie our expectations of growth in operating profit.
YIT Corporation

29. More information on our web site
Sakari Toikkanen Executive Vice President
tel
Petra Thorén Vice President, Investor Relations tel mobile

30. 26 April, 2007
Appendices
YIT Share
YIT Corporation

31. Principal shareholders March 30, 2007
26 April, 2007
Principal shareholders March 30, 2007
Owners
Shares % 1
Suomi Mutual Life Assurance Company
8,571,180
6.76 2
Varma Mutual Pension Ins. Company
6,949,208
5.48 3
Sampo Life Insurance Company Ltd
6,400,000
5.05 4
Ilmarinen Mutual Pension Ins. Company
3,632,923
2.87 5
Tapiola Group
2,400,680
1.89 6
Etera Mutual Pension Ins. Company
1,853,000
1.46 7
Odin Norden
1,448,866
1.14 8
Brotherus Ilkka
1,224,740
0.97 9
State Pension Fund
1,150,000
0.91 10
Kaleva Mutual Insurance Company
875,000
0.69
Others
31,745,730
25.04
Nominee registered shares total
60,525,745
47.74
Total
126,777,072
100.00
Total number of shareholders 13,635. Share capital EUR 146,210,995.92
YIT Corporation

32. 26 April, 2007
Nominee-registered shareholders + other international ownership as percentage of equity
3/2007: 50.3 %
YIT Corporation

33. Number of shareholders at end of period
26 April, 2007
Number of shareholders at end of period
YIT Corporation was formed on September 2, YIT’s share has been quoted on Helsinki Exchanges since September 4, 1995.
YIT Corporation

34. 26 April, 2007
Appendices
Market Outlook
YIT Corporation

35. Migration between municipalities in Finland
persons
Mar/2007:
56,473
Mar/2006:
54,938
Source: Statistics Finland, April 19, 2007

36. Housing loans and interest rates in Finland
MEUR %
Source: Bank of Finland, March 30, 2007

37. Own economic situation Finland’s economic situation
Consumers’ confidence in their own household’s
and Finland’s economy within next 12 months
Saldo (%-share of positive answers – %-share of negative answers)
Own economic situation
Finland’s economic situation
Source: Statistics Finland´s Consumer Survey, March 27, 2007

38. Households’ intentions to acquire an owner-occupied flat during the next 12 months
% of households
Source: Statistics Finland, March 27, 2007

39. Nominal prices of apartments
Apartment prices
By quarter
Nominal prices of apartments
Nominal prices of old apartments in high-rise buildings in Finland
Real prices (deflated by wage level index)
Source: Statistics Finland

40. Household debt as ratio of GDP in 2004
26 April, 2007
YIT Corporation

41. Debt of Finnish households compared to their disposable income
26 April, 2007
Housing loans All loans
Source: Statistics Finland, Bank of Finland and OKO Bank
YIT Corporation

42. Interim Report Jan-Mar/2007
26 April, 2007
Appendices
Interim Report Jan-Mar/2007
YIT Corporation

43. Key figures Mar/2007 Mar/2006 Change, % Dec/2006
26 April, 2007
Mar/2007
Mar/2006
Change, %
Dec/2006
Earnings per share, EUR *)
0.31
0.29 7
1.36
Diluted earnings per share, EUR *)
1.35
Equity per share, EUR *)
4.95
4.23 17
5.29
Share price at end of period, EUR *)
25.80
22.38 15
20.95
Market capitalization at end of period, MEUR
3,270.8
2,792.9
2,656.0
Net interest-bearing debt at end of period, MEUR
540.9
334.2 62
506.5
Return on investment, % 1)
25.4
28.1 -
24.8
Equity ratio, %
31.8
33.5
34.5
Gearing ratio, %
85.6
62.7
75.1
Gross capital expenditures, MEUR
15.8
9.1 74
50.4
Order backlog at end of period, MEUR 2)
2,995.4
2,007.2 49
2,802.3
- of which order backlog outside Finland
1,609.0
836.7 92
1,490.0
Average personnel
22,444
21,131 6
21,846
Last 12 months.
Portion of binding orders not recognized as income.
*) The doubling amount of shares which came into effect on March 24, 2006 (split) has been taken into account.
YIT Corporation

44. Consolidated balance sheet
MEUR ASSETS
Mar/2007
Mar/2006
Change, %
Dec/2006
Non-current assets
Tangible assets
95.5
80.2 19
91.8
Goodwill
248.8 -
Other intangible assets
17.3
12.9 34
15.6
Shares in associated companies
3.0
2.0 50
2.9
Other investments
3.4
3.1 10
Receivables
14.4
10.5 37
13.4
Deferred tax receivables
23.1
22.2 4
21.1
Current assets
Inventories
967.0
717.4 35
1,006.4
Trade and other receivables
744.0
592.3 26
688.9
Cash and cash equivalents
39.4
32.6 21
25.9
Total assets
2,155.9
1,722.0 25
2,117.8

45. Consolidated balance sheet
MEUR EQUITY AND LIABILITIES
Mar/2007
Mar/2006
Change, %
Dec/2006
Equity attributable to equity holders of the company
Share capital
146.2
62.4 *)
63.4
Other equity
481.4
465.7 3
607.1
Minority interests
4.4
5.0
-12
3.9
Total equity
632.0
533.1 19
674.4
Non-current liabilities
Deferred tax liabilities
57.1
37.9 51
52.5
Pension liabilities
10.9 -
11.6
Provisions
34.2
30.0 14
32.2
Interest-bearing liabilities
374.4
170.8
275.8
Other liabilities
10.0
8.5 18
8.4
Current liabilities
Trade and other payables
814.2
719.0 13
788.0
17.2
15.8 9
18.3
Interest-bearing current liabilities
205.9
196.0 5
256.6
Total equity and liabilities
2,155.9
1,722.0 25
2,117.8
*) Change over 100%

46. Revenue and operating profit by quarter 2004–Q1/2007
Revenue, MEUR
Operating profit, MEUR

47. Key figures by business segments
Building Systems
Q1/2007
Q1/2006
Growth
Revenue, MEUR
367.7
325.6
13%
Operating profit, MEUR
Operating profit margin % %
61% -
Order backlog
670.3
517.6
30%
Construction Services
Q1/2007
Q1/2006
Growth
Revenue, MEUR
369.2
350.8 5%
Operating profit, MEUR
Operating profit margin % %
1% -
Order backlog
2,137.9
1,296.5
65%
Industrial and Network Services
Q1/2007
Q12006
Growth
Revenue, MEUR
110.7
107.7 3%
Operating profit, MEUR
Operating profit margin % %
-6% -
Order backlog
228.8
219.5 4%

48. Operating profit by business segment
MEUR
Jan-Mar/ 2007
Jan-Mar/ 2006
Change, %
Jan-Dec/ 2006
Building Systems
18.8
11.7 61
87.6
Construction Services
41.2
40.7 1
170.8
Industrial and Network Services
5.0
5.3 -6
18.0
Other items
-3.8
-4.0 -5
-17.6
YIT Group, total
62.1
53.7 14
258.8 1) 3) 2)
1) Building Systems released provisions for certain ended contractual obligations in the Q4/2006 period. This had a positive impact of EUR 7.2 million on operating profit.
2) Includes the final expense of EUR 1.0 million of personnel expenses in Q1/ 2007 as a result of the codetermination negotiations carried out in 2006.
3) Includes EUR 5.1 million of personnel expenses in Q3/2006 as a result of the codetermination negotiations carried out in 2006.

49. Expanding maintenance services
Net sales of maintenance and upkeep services and
their share of YIT Group’s net sales
MEUR
37%
38%
37%
33%
27%
24%
24%
22%
35%
36%
20%
IFRS
2004
IFRS
2005
IFRS
2006
IFRS
1-3/06
IFRS
1-3/07
FAS

50. Maintenance and upkeep services by business segment Q1/07 (Q1/06)
Building Systems
MEUR 227 (201)
62% of revenue
(62%)
Other items
MEUR -6 (-8)
Industrial and Network Services
MEUR 64 (64)
57% of revenue
(60%)
Construction Services MEUR 15 (12)
4% of revenue (4%)
YIT Group total MEUR 300 (269)
36% of revenue (35%)

51. Building Systems Revenue and order backlog by quarter 2004 - Q1/2007
Revenue, MEUR
Order backlog, MEUR
1,321
1,398
1,415
1-12
2007
At the beginning of 2006, industrial electricity, automation and HEPAC operations in Finland were transferred to the Industrial and Network Services business segment from the Building Systems business segment. The business functions that were transferred had revenue of EUR 58.9 million in January-December/2005.

52. Construction Services Revenue and order backlog by quarter 2004 - Q1/2007
Revenue, MEUR
Order backlog, MEUR
1,147
1,298
1,452
1-12
2007

53. Industrial and Network Services Revenue and order backlog by quarter 2004 - Q1/2007
Revenue, MEUR
Order backlog, MEUR
359
1-12
2007
At the beginning of 2006, industrial electricity, automation and HEPAC operations in Finland were transferred to the Industrial and Network Services business segment from the Building Systems business segment. The business functions that were transferred had revenue of EUR 58.9 million in January-December/2005.

54. Building Systems Breakdown of revenue Q1/07 (Q1/06)
YIT Sverige AB
Sweden 35%
MEUR 130 (122)
Baltic countries and Russia 3%
MEUR 13 (9)
YIT A/S
Denmark 10%
MEUR 36 (33)
YIT Kiinteistötekniikka Oy Finland 24%
MEUR 87 (80)
YIT Building Systems AS
Norway 28%
MEUR 102 (81)
Revenue Q1/07 MEUR 368 (326)

55. Construction Services Breakdown of revenue Q1/07 (Q1/06)
Finland 77%
MEUR 285 (274)
Lithuania, Latvia, Estonia 10%
MEUR 38 (29)
Russia 12%
MEUR 45 (46)
Revenue Q1/07
MEUR 369 (351)

56. Industrial and Network Services Breakdown of revenue Q1/07 (Q1/06)
Finland 93%
MEUR 103 (102)
Other countries 7%
MEUR 7 (6)
Revenue Q1/07
MEUR 111 (108)

57. Total order backlog Mar/07
Order backlog by business segment
Mar/07 (Mar/06)
Building Systems 22%
MEUR (517.6)
Other items -1%
MEUR (-26.4)
Industrial and Network Services 8%
MEUR (219.5)
Construction Services 71%
MEUR 2,137.9 (1,296.5)
Total order backlog Mar/07
MEUR 2,995.4 (2,007.2)

58. Personnel by business segment
Mar/2007 (Mar/2006)
Building Systems 52%
1, 569 (11,011)
Group services 1%
328 (311)
Industrial and Network Services 21%
4,787 (4,700)
Construction Services 26%
5,734 (5,118)
Total personnel 22,418 (21,140)

59. Personnel by country Mar/2007 (Mar/2006)
Finland 51%
11,536 (11,168)
Russia 6% 1,355 (938)
Lithuania, Latvia, Estonia 7% 1,662 (1,448)
Denmark 6%
1,259 (1,147)
Norway 12%
2,660 (2,477)
Sweden 18%
3,946 (3,962)
Total personnel 22,418 (21,140)

60. Gross capital expenditure 1999–Q1/2007
MEUR
% of revenue
Major acquisitions: YIT Calor (2001), YIT Primatel (2002) and YIT Building Systems (2003).

61. Strategic Target Levels
26 April, 2007
Appendices
Strategic Target Levels
and their Development
YIT Corporation

62. YIT’s strategic target levels
Average annual growth in revenue 10%
Operating profit margin (EBIT) 9%
Return on investment 22%
Equity ratio 35%
Dividend payout 40–60% of net profit for the year after taxes and minority interests

63. Strategic target level: growth 10% per year on average
Revenue Q1/2007
MEUR
Average annual growth
: 17%
IFRS
2004
IFRS
2005
IFRS
2006
IFRS
Q1/06
IFRS
Q1/07
FAS
Strategic target level: growth 10% per year on average

64. Strategic target level: EBIT margin 9% of revenue
Operating profit (EBIT) Q1/2007
MEUR
Average annual growth
: 24%
IFRS
2004
IFRS
2005
IFRS
2006
IFRS
Q1/06
IFRS
Q1/07
FAS
Strategic target level: EBIT margin 9% of revenue

65. Strategic target level: 22%
Return on investment
/2007 %
2004
2005
2006
3/2006
3/2007
FAS
IFRS /2007
Strategic target level: 22%

66. Strategic target level: 35%
Equity ratio
Q1/2007 %
IFRS
2004
IFRS
2005
IFRS
2006
IFRS
3/06
IFRS
3/07
FAS
Strategic target level: 35%

67. Dividend payout 1995-2006 Dividend/share, EUR Dividend/earnings, %
1997
1999
2001
2003
2005
YIT´s dividend policy: 40–60% of the annual profit
after taxes and minority interests
The doubling amount of shares wich came into effect on March 24, 2006 (split) has been taken into account. Year 2004 and 2005 are IFRS numbers.

68. Main growth drivers by segments
Average annual growth 10%
Main growth drivers by segments
Construction Services
Increasing residential development and starting project development business in Russia
Building Systems
Rounding out the service portfolio in the Nordic and Baltic countries and St. Petersburg and Moscow
Industrial and Network Services
Outsourcings within Finnish industry
Organic growth
Capital
Organic growth and acquisitions
Personnel
Outsourcings
Personnel

69. Average annual growth target in Russia 50% 2006-2009
Average annual growth in revenue 10 %
Average annual growth target in Russia 50%
Construction Services focusing on development business
Growth of housing development
Start-up of project development
In Building Systems increasing volume in St. Petersburg and Moscow
In Industrial Services gaining foothold in St. Petersburg