Solidium’s proceeds were frosty – so commented Reima Rytsölä, CEO

The state investment company Solidium The return on shareholdings during the financial year 1.7.2023 -December 31, 2024 was -0.4 per cent, the company reports.

Shares of the workshop company Konecranes and the network Nokia produced best. The weakest was produced by the alcohol company Aor and the steel company Outokumpu.

The return on Solidium’s shareholdings over the last six months from 1.7.7.2024 to 31.12.2024 were -2.1 % and in 2024 4.8 %.

At the end of 2024, the value of the shareholdings was approximately EUR 6,867 million. Solidium reached the state about EUR 580 million in the distribution of profit during the financial year.

Solidium CEO Reima Rytsölä notes that the past 18 -month financial year has been exceptionally difficult for Finnish listed companies compared to international controls.

“Our domestic stock market has a direct impact on Solidium’s revenue,” Rytsölä comments in the release.

From Mandatum and Kemira

Solidium sold all the financial service company it owned during the financial year Mandatum shares for about EUR 131 million and the rest of the chemical company Kemira Shares for approximately EUR 125 million.

According to Solidium, the ownership of Kemira had been reduced for some time, as Kemira has a strong Finnish anchor owner without Solidium. Oras Invest.

Mandatum had already been removed from the previously removed insurance group Mossno longer needed Solidium as the owner of an individual asset house.

During the financial year, Solidium placed the Finnish SAR satellite imagery company during the financial year Iceyehin A total of EUR 55 million.

In April 2024, Solidium served as a leading investor in the Iceye funding round, where Solidium accounted for approximately EUR 40 million, half of the funding of more than EUR 80 million.

In December 2024, Solidium also made an extension of EUR 15 million, which followed the same conditions as the spring funding round.

The investments were carried out in convertible bond forms and were involved with Solidium, on the same commercial terms, new investors and previous owners of the company.

“The investment we still increased during Christmas is the first investment in our updated strategy,” says Rytsölä.

Solidium will continue to hold Rytsölä in the most important nationally significant companies that need a domestic anchor owner. At the same time, Solidium is looking for companies like Iceye, which may become nationally significant in the next few years.

Rytsölä’s season ends

Rytsölä, CEO of Solidium since August 2022, submitted a notice of notice during the financial year. Rytsölä moves on a real estate investment company Which CEO no later than June 1, 2025.

“Solidium’s mission continues. In a rapidly changing world, it is still a common interest to Finns to maintain domestic ownership in nationally significant companies, ”Rytsölä comments.

On 30 January 2025, Solidium’s only shareholder in the Finnish state decided to distribute a total of EUR 312 million to the owner. As a dividend, the owner is given EUR 90 million, which corresponds to the number of dividends received by the company for 1.7.2023 – 30 June 2024.

In addition, the owner will be paid the assets, ie EUR 222 million, from the sales of Mandatum and Kemira’s sales as an additional capital return.