UAB "YIT Lietuva" — Company Profile

Note: This profile summarizes publicly available information up to October 2024. Where specific legal or contact details could not be verified from our sources, this is noted explicitly and readers are directed to official registries and the company’s website for the most current information.

Company Overview

Legal name: UAB "YIT Lietuva"
Country: Lithuania
Headquarters: Vilnius, Lithuania (exact street address noted under Legal Information if available)
Industry sector: Construction; Real Estate Development; Infrastructure contracting
Business areas: Residential and commercial real estate development; General contracting; Design-build and EPC; Infrastructure and road construction; Building modernization and renovation; Facility and project management services
Parent company: YIT Corporation (YIT Oyj), Finland (a publicly listed company on Nasdaq Helsinki)

Legal Information

Įmonės kodas (Company Registration Code): Not confirmed in our sources. This code is available in Lithuania’s official enterprise register (Registrų centras) and business directories (e.g., rekvizitai.lt).
PVM mokėtojo kodas (VAT code): Not confirmed in our sources. Typically formatted as LT + company code; verify in VMI/Registrų centras.
Official website: https://www.yit.lt/
Email address: Not confirmed in our sources. A general-format contact (e.g., info@yit.lt) may exist; please verify on the official website’s Contacts page.
Registered office address: Vilnius, Lithuania — exact street address to be verified in Registrų centras or on the company’s website.
Phone number (registered office): Not confirmed in our sources; verify via company website or business registry.

Business Operations

Main products/services:
- Residential development: multi-family apartment buildings, mixed-use urban quarters, sustainable housing solutions.
- Commercial development: office buildings, retail and logistics facilities, industrial projects.
- Construction services: general contracting, design-build deliveries, project management, renovation and modernization of existing buildings.
- Infrastructure: road construction and upgrades, urban infrastructure, utilities, and related civil engineering works.
Business model: Combines own development (acquiring land, designing, financing, constructing, and selling/leasing residential and commercial assets) with third-party contracting for public and private clients. Emphasizes lifecycle solutions, energy efficiency, and sustainable construction practices aligned with the parent company’s ESG targets.
Market position: Considered among the leading foreign-backed developers and contractors operating in Lithuania, leveraging Finnish parent YIT’s Nordic-Baltic engineering expertise and balance sheet.

History

Founding and evolution:
- YIT Corporation established a presence in Lithuania by acquiring local construction operations historically known as Kausta (a long-standing Lithuanian builder founded in the Soviet era).
- The Lithuanian entity operated for many years under the name YIT Kausta, reflecting the integration with YIT Group while retaining local brand recognition.
- Following YIT Corporation’s merger with Lemminkäinen (legal completion in 2018), brand harmonization across markets gradually led to the adoption of the unified name “YIT Lietuva.”
Key milestones:
- Entry into Lithuania via acquisition and brand integration (YIT Kausta period).
- Expansion from pure contracting into own real estate development portfolios in Vilnius and other major cities.
- Post-2018 rebranding and alignment with YIT Group’s Nordic strategy and sustainability frameworks.

Financial Information

Revenue (Lithuania): Local subsidiary revenue figures are not publicly consolidated in the parent’s reporting and were not verified in our sources. Lithuanian registries (Registrų centras) and business directories (rekvizitai.lt) typically publish annual revenue snapshots; consult these directly for current data.
Funding rounds: Not applicable in the venture-financing sense; the company is a subsidiary of a publicly listed parent (YIT Corporation).
Ownership structure: Wholly owned (directly or through group holding entities) by YIT Corporation (YIT Oyj), Finland. The Lithuanian entity’s shareholding can be verified via Registrų centras.

Leadership and Management

Key executives (vadovai):
- Local Managing Director / General Manager (Generalinis direktorius): Specific individual name not confirmed in our sources as of the latest update; verify on the official website or Registrų centras.
- Board members: Not confirmed in our sources; composition can be verified via Registrų centras or the company’s official disclosures.
Group-level context: Strategic oversight is provided by YIT Corporation’s executive team and board in Finland; Lithuanian operations are aligned with group policies, governance, and ESG targets.

Office Locations

Main offices in Lithuania:
- Vilnius (Head Office): Exact address and phone number not confirmed in our sources; see the Contacts page on https://www.yit.lt/ for current details.
- Additional regional offices (commonly Kaunas, Klaipėda, and potentially other cities depending on project portfolio): Specific addresses and phone numbers not confirmed; verify via official site or business directories.
Note: Lithuanian companies typically publish detailed contact information per office (address and phone). As this summary could not verify them, please consult the company’s Contacts page or Registrų centras.

Market Position

Competitors: Major Lithuanian and Baltic developers and contractors such as Eika, Hanner, Realco, Merko statyba, Mitnija, Conresta, and others in residential/commercial development and infrastructure contracting.
Market share: Exact market share is not publicly standardized across all segments; YIT Lietuva is generally recognized as a top-tier player among foreign-backed developers/contractors in Lithuania.
Competitive advantages:
- Backing of YIT Corporation with Nordic engineering, risk management, and financing capabilities.
- Integrated development and contracting model enabling end-to-end delivery and lifecycle solutions.
- Emphasis on quality, sustainability, and energy-efficient construction aligned with EU and Lithuanian regulatory frameworks.
- Portfolio diversification across residential, commercial, and infrastructure projects.

Recent Developments

Strategic focus: Continued emphasis on sustainable urban development, energy-efficient buildings, and alignment with YIT Group’s ESG and safety standards.
Group-level context: Post-merger integration (YIT–Lemminkäinen) and ongoing portfolio optimization across Nordic and Baltic markets influence Lithuanian project selection and capital allocation.
Local news: Specific recent Lithuanian project announcements, new phases of residential quarters, and infrastructure wins are typically reported on the company’s official website News section and Lithuanian business media. This summary does not list individual news items due to verification limits.

Contact Information

General contacts:
- Website: https://www.yit.lt/
- Email: Not confirmed; typical format (e.g., info@yit.lt) should be verified on the official website.
- Phone: Not confirmed; verify via the company’s Contacts page.
- Registered office address: Vilnius, Lithuania (exact street address to be confirmed in Registrų centras or on the website).
Customer service and sales: The website typically lists dedicated contacts for residential sales, commercial leasing, and tendering/procurement; please refer to the relevant sections on https://www.yit.lt/.

Sources and References

Primary sources:
- YIT Lietuva (official website): https://www.yit.lt/
- YIT Corporation (Group information, strategy, ESG, financials): https://www.yitgroup.com/
Official registries and business directories:
- Registrų centras (Lithuanian Centre of Registers): https://www.registrucentras.lt/
- State Tax Inspectorate (VMI) VAT register: https://www.vmi.lt/
- Rekvizitai.lt (business directory): https://rekvizitai.lt/
Media and industry coverage:
- Verslo žinios (vz.lt) business news and company profiles: https://www.vz.lt/
- Other Lithuanian construction/real estate industry publications and press releases accessible via the company’s News section.

Verification Note

For Lithuanian companies, precise legal identifiers and contacts (Įmonės kodas, PVM kodas, registered office address and phone, executive names and positions, and all office locations with specific phone numbers) are recorded in official registries and often on the company’s website. As these items could not be fully verified in this summary, please consult the sources listed above for the current, authoritative details.