The Annual General Meeting of Patria Oyj on 7th of April 2025
Patria Oyj’s Annual General Meeting held on 7th of April 2025 adopted the Consolidated Financial Statements for the financial period that ended on 31st December 2024.
Patria Group’s net sales for 2024 totaled EUR 825.7 million (EUR 733,8 million in 2023). 37% (34%) of net sales accrued from outside Finland. The Group’s operating profit for the Financial Period was EUR 81.8 million (EUR 68.9 million). The consolidated income before taxes amounted to EUR 70.8 (EUR 64.0 million). The Group’s return on equity was 19.7% (18.6%).
It was decided to discharge the members of the Board of Directors and the President and CEO from liability for the financial period of 2024. Furthermore, the Annual General Meeting decided, according to the Board of Directors’ proposal, to distribute a dividend of EUR 1.15 per share owned by the State of Finland and Kongsberg Defence & Aerospace AS, totally EUR 32,018,172.35.
Panu Routila (Doctor of Business Administration) continues as the Chairman of the Board of Directors. Eirik Lie (Executive Vice President, Kongsberg, President Kongsberg Defence & Aerospace), Signe Bjarttun Jørgensen (Executive Vice President Finance, Kongsberg Defence & Aerospace), Outi Henriksson (Board Professional, Non-Executive Director), Morten Tiller (Master of Political Science, Kongsberg), Jukka Juusti (Master of Science in Engineering), Eirik Tord Jensen (Senior Vice President Special Programs, Kongsberg Defence & Aerospace) and Ilpo Nuutinen (Senior Ministerial Adviser, the Ownership Steering Department in the Prime Minister’s Office) continue as members of the Board.
Member of Parliament Mikko Savola was elected as the Chairman of the Consultative Committee and Member of Parliament Atte Kaleva as the Vice Chairman. The following were elected as members of the Consultative Committee: Member of Parliament Mari Kaunistola, Member of Parliament Petri Huru, Member of Parliament Riitta Mäkinen, Under-Secretary Petri Peltonen, Chief of Defence Command, Lieutenant General Vesa Virtanen, Mechanic Matti Falck, Patria, Systems Engineer Ilkka Kokko, Patria, System Specialist Juha Kuusi, Patria and Tooling controller Jari Halonen, Patria.
The audit company Ernst & Young Oy was elected as the auditor. The main responsible auditor is Juha Hilmola, Authorized Public Accountant.
Further information:
Ara Haikarainen, General Counsel, Patria, [email protected]
Patria is a modern and international defence and technology company with over 100 years of experience. Through our top-notch experts and Through life capability, Protected mobility & defence systems and Battlefield & critical systems products and services, we ensure reliable operations for our customers and serve as a partner in critical functions on land, sea and air - when if is not an option. Patria has offices in Finland, Sweden, Norway, Belgium, the Netherlands, Estonia, Latvia, and Japan.
Patria is owned by the State of Finland (50.1%) and Norwegian Kongsberg Defence & Aerospace AS (49.9%). Patria owns 50% of Nammo, and together these three companies form a leading Nordic defence partnership.
www.patriagroup.com
