Strong growth in portfolio companies: sales +12%, exports +17%, number of staff +13%

Impact - 13.9.2016

Alongside financial performance, Finnish Industry Investment assesses its economic and societal impact on a yearly basis.

FII’s economic impact in a nutshell in 2015:

• Growth in portfolio companies in 2015:
• Portfolio companies’ sales grew in Finland by over 12% and totaled €4.8 billion (+ €447 million). During the same period Finland’s GDP grew by 1%.
• Portfolio companies’ exports increased by 17% totaling €1.1 billion (+ €136 million). During the same period Finland’s exports decreased by 3.8%.
• The number of staff in portfolio companies increased in Finland by 13% totaling 33 000 (+3500 people). During the same period, the number of people employed in Finland decreased by 0.4%.
• Developing the venture capital and private equity market in Finland: In 2015, Finnish companies raised the most venture capital in Europe per GDP, investments have doubled in four years.
• Profitable investments: FII’s financial result for 2015 was €86 million before taxes, cumulative profit over time was €213 million.   

FII’s President & CEO Martin Backman comments:

“FII has a significant role in developing the Finnish venture capital and private equity market, enabling a diverse supply of growth financing for Finnish companies. International investors have become more active in the Finnish market in recent years. In addition to capital, international investors bring valuable expertise and networks to accelerate the growth of portfolio companies.

The core of our business is to enable Finnish companies to grow and go international through risk financing and active ownership. The software company M-Files is a good example of this; during FII’s ownership period, the company’s sales have grown by 250% and the number of staff has doubled. Another good example is our involvement in sharing investment risk when the German Meyer acquired the Turku Shipyard. Profitable and growing portfolio companies lead to our own profitability.“

Read our full report: Economic Impact Review 2015 

For more information, please contact:

Martin Backman, President & CEO, Finnish Industry Investment Ltd
Tel: +358 9 6803 6875, martin.backman@industryinvestment.com

Finnish Industry Investment Ltd is a venture capital and private equity company that accelerates companies’ success stories by investing both in funds and directly in companies. We offer promising growth companies business expertise and international networks, enabling a company to pursue its growth strategy. www.industryinvestment.com and @TesiFII