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OYActiveY-tunnus 2760639-5Alvar Aallon Katu 1Production of electricity from renewable sources · NACE 3512Est. 2016— employees
Revenue 2024
EUR 585,4M
-2% vs 2023
EBITDA margin
28.3%
+14% vs 2023
Equity ratio
93.8%
Financial strength
Net profit 2024
EUR 159,7M
+23% vs 2023
| Revenue | EUR 585,4M | -2% |
| EBITDA | EUR 165,4M | +14% |
| Net profit | EUR 159,7M | +23% |
| Total assets | EUR 1,8B | +5% |
| Equity | EUR 1,6B | +11% |
| Employees | — | — |
Legal name
UPM Energy Oy
Y-tunnus number
2760639-5
Legal form
Osakeyhtiö
NACE code
3512 · Production of electricity from renewable sources
Founded
4. toukokuuta 2016
Share capital
EUR 2 500
Employees
—
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Hallituksen puheenjohtaja yksin ja hallituksen jäsenet kaksi yhdessä
Company purpose
Yhtiön toimialana on energian tuotanto, hankinta, siirto, jakelu ja myynti, energian trading-toiminta, energiatoimialaan liittyvät palvelut sekä muu energia-alan liiketoiminta. Yhtiö voi harjoittaa liiketoimintaansa tytär-ja osakkuusyhtiöissä sekä yhteisyrityksissä. Yhtiö voi toimintaansa varten omistaa ja hallita kiinteistöjä, osakkeita, osuuksia ja muita arvopapereita, käydä niillä kauppaa ja harjoittaa muuta sijoitustoimintaa.
Address
Alvar Aallon Katu 1
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| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 338 199 | 486 641 | 688 329 | 599 539 | 585 388 |
| Staff expenses | −4 715 | −5 528 | −6 226 | −5 818 | −6 253 |
| EBITDA | 195 819 | 273 625 | 374 452 | 145 091 | 165 410 |
| Depreciation & amort. | −4 162 | −4 187 | −4 375 | −4 813 | −4 570 |
| EBIT | 191 657 | 269 438 | 370 078 | 140 278 | 160 840 |
| Net financials | −41 | 216 | −26 119 | 27 690 | 42 028 |
| Profit before tax | 193 741 | 269 696 | 340 522 | 164 132 | 201 106 |
| Tax | 32 993 | 52 403 | 68 020 | 34 395 | 41 429 |
| Net profit | 160 748 | 217 293 | 272 502 | 129 737 | 159 676 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 872 607 | 1 219 642 | 1 652 456 | 1 663 900 | 1 750 917 |
| Equity | 828 822 | 1 046 081 | 1 387 897 | 1 483 452 | 1 643 129 |
| Long-term debt | 7 874 | 8 081 | 8 950 | — | — |
| Short-term debt | 23 301 | 160 492 | 250 982 | 123 074 | 37 125 |
| Total debt | 43 784 | 173 560 | 264 560 | 123 074 | 37 125 |
EBITDA margin
28.3%
This company
15.8%
Market median
+79% vs market
20202024
Equity ratio
93.8%
This company
38.2%
Market median
+146% vs market
20202024
Return on equity
9.7%
This company
18.4%
Market median
-47% vs market
20202024
Net profit margin
27.3%
This company
8.1%
Market median
+237% vs market
20202024
Asset turnover
0.33×
This company
1.12×
Market median
-71% vs market
20202024
Debt / equity
0.07×
This company
0.62×
Market median
+89% vs market
20202024
- Annual report 2024Filed via PRH / YTJ · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via PRH / YTJ · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via PRH / YTJ · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via PRH / YTJ · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via PRH / YTJ · Period 2020-01-01 – 2020-12-31
| Name | Role | Member since |
|---|---|---|
| Current (9) | ||
TT Person with significant control | Person with significant control | 2018 |
JP Person with significant control | Person with significant control | 2018 |
NM Person with significant control | Person with significant control | 2018 |
KJ Person with significant control | Person with significant control | 2021 |
TS Person with significant control | Person with significant control | 2025 |
AE Person with significant control | Person with significant control | 2018 |
MS Person with significant control | Person with significant control | 2022 |
EI Person with significant control | Person with significant control | 2022 |
SM Person with significant control | Person with significant control | 2025 |
| Former (18) | ||
AA Person with significant control | Person with significant control | 2022 – 2023 |
KM Person with significant control | Person with significant control | 2018 – 2022 |
MK Person with significant control | Person with significant control | 2023 – 2025 |
MA Person with significant control | Person with significant control | 2018 – 2020 |
HE Person with significant control | Person with significant control | 2023 – 2025 |
JH Person with significant control | Person with significant control | 2018 – 2022 |
IJ Person with significant control | Person with significant control | 2018 – 2022 |
AK Person with significant control | Person with significant control | 2018 – 2023 |
SM Person with significant control | Person with significant control | 2023 – 2025 |
AJ Person with significant control | Person with significant control | 2018 – 2022 |
JE Person with significant control | Person with significant control | 2018 – 2022 |
HH Person with significant control | Person with significant control | 2018 – 2025 |
JA Audit | Audit | 2022 – 2023 |
AM Person with significant control | Person with significant control | 2018 – 2022 |
MK | Audit | 2016 – 2019 |
JA Person with significant control | Person with significant control | 2018 – 2020 |
RA Person with significant control | Person with significant control | 2018 – 2022 |
MJ | Audit | 2019 – 2022 |
| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
| Chairperson | 2019 | |
| Board of Directors | 2016 | |
| Board of Directors | 2020 | |
| Former (1) | ||
| Board of Directors | 2016 – 2020 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
UPM-Kymmene Oyj
UPM Energy Oy Board members of UPM Energy Oy also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Aarre Antti-Juhani Peisanen | Person with significant control | 0 companies |
| Timo Topias Javanainen | Person with significant control | 0 companies |
| Katri Mirjami Arvela | Person with significant control | 0 companies |
| Maiju Karoliina Salo | Person with significant control | 0 companies |
| Juha Pekka Tynkkynen | Person with significant control | 0 companies |
| Mikko Ahti Tapani Sointu | Person with significant control | 0 companies |
| Nina Maria Kivioja | Person with significant control | 0 companies |
| Kimmo Juhani Veistola | Person with significant control | 0 companies |
| Henna Eliisa Joutsela | Person with significant control | 0 companies |
| Jussi Heikki Pesonen | Person with significant control | 0 companies |
| Ilkka Juhani Nuutila | Person with significant control | 0 companies |
| Anne Kristiina Särkilahti | Person with significant control | 0 companies |
| Sanna Maarit Merikanto | Person with significant control | 0 companies |
| Tiina Sanna Marjatta Blomqvist | Person with significant control | 0 companies |
| Ari Jukka Tapio Suokas | Person with significant control | 0 companies |
| Ari Erik Henriksson | Person with significant control | 0 companies |
| Matti Sakari Vuorinen | Person with significant control | 0 companies |
| Juha Ensio Mäkelä | Person with significant control | 0 companies |
| Hans-Christian Hoffmann | Person with significant control | 0 companies |
| Jonna Annikki Fabian | Audit | 0 companies |
| Anne Marika Tuulia Hänninen | Person with significant control | 0 companies |
| Merja Katariina Lindh | Audit | 0 companies |
| Johanna Anneli Ljungqvist | Person with significant control | 0 companies |
| Emmi Iiris Mäntylä | Person with significant control | 0 companies |
| Sanna Marika Jukarainen | Person with significant control | 0 companies |
| Reija Anneli Levonius | Person with significant control | 0 companies |
| Mikko Jorma Juhana Nieminen | Audit | 0 companies |
| Tapio Juhani Korpeinen | Chairperson | 0 companies |
| Tomi Kalevi Sederholm | Board of Directors | 0 companies |
| Eija Anne-Maj Solveig Fahlgren | Board of Directors | 0 companies |
| Maija Pauliina Ruska | Board of Directors | 0 companies |