YIT doubles revenue growth target driven by data center market

Construction company YIT Corporation has doubled its revenue growth target for its current strategy period, driven by the expanding data center market in Finland. The company sees Finland as an increasingly attractive location for data center investments in Europe.

YIT has reportedly invested in its capabilities within this sector, developing expertise and project references for demanding data center constructions. The company states it has established a leading position in Finland for such projects.

While YIT has announced the increased target, it has not yet disclosed specific details regarding the new financial goals or the timeline for achieving them. The company's announcement comes amid a global increase in demand for data centers, fueled by digitalization.

Nordic countries, including Finland, have attracted attention from investors due to factors such as competitive energy prices and a cooler climate, which can reduce operational costs for data centers.