Value is created together

Virala in brief

Virala Group is a traditional family-owned industrial company founded in 1977 in Finland. Virala Oy Ab is the parent company of Virala Group, and it has operating subsidiaries in Finland, Sweden, and the United States. The independent subsidiary Nidoco AB operates in Sweden.

For more than 20 years, Virala Group has built a decentralized, family-owned industrial group focused on strategic ownership that will endure, grow, and develop from one generation to the next. Virala Group’s strategy is to produce long-term value for its ownerships in good co-operation with other owners.

In addition to an actively managed global investment strategy, including private equity and venture capital, Virala Group consists of private and publicly traded family-controlled companies in which the Virala Group has a strategically significant ownership. These include Fiskars Corporation, Ahlstrom Oyj, Munksjö Paper Holding AB, YIT Corporation, and Purmo Group Oyj.

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Strategic holdings and investment portfolio

Virala Group (30 September 2023)

Shareholding


Nidoco AB (30 September 2023)

Shareholding


YIT Oyj

18.6%

Geographical distribution of Virala Group's direct and private equity investments (31 December 2022)


Nordic countries

23%

North America

27%

Rest of Europe

10%

Asia

25%

Latin America

15%

Responsibility and values

Virala is an active owner who influences the Group’s holdings through its work and the work of the Boards of Directors and committees to guide companies towards clear sustainability goals.

In its own operations, Virala has long been committed to conducting business responsibly. At the heart of Virala are the values that have been preserved from one generation to the next: reliability, integrity, commitment, respect, and agility.

Virala supports all seventeen UN Sustainable Development Goals (SDG’s). Of these commitments, Virala has defined four targets that it can make the most impact through its investment activities.

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Impact

In 2022, Virala started measuring the business impact of its investments. The measurement showed that Virala’s strategic holdings performed well. Virala’s listed associated companies, as well as the companies Ahlstrom Corporation and Munksjö Paper Holding AB, which Virala classifies as strategic holdings and over which Virala has influence, were measured.

A comparison with the companies listed on the Helsinki Stock Exchange reveals that, on average, Virala’s strategic investments use fewer resources and generate the same amount of positive impact with the resources used. The net impact ratio of Virala’s strategic investments is +19% compared to -23% for the companies on the main list of the Helsinki Stock Exchange.

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Contact Information

Virala Oy Ab

Unioninkatu 7 B 15

FI-00130 Helsinki, Finland

tel. +358 9 6122 340

[email protected]

Management

Alexander Ehrnrooth

Alexander Ehrnrooth

President and CEO

Anders Dahlblom

Anders Dahlblom

COO

Mia Alholm

Mia Alholm

CFO

Board of Directors

Albert Ehrnrooth

Albert Ehrnrooth

Chairman of the Board

Alexander Ehrnrooth

Alexander Ehrnrooth

Board member

Juhani Mäkinen

Juhani Mäkinen

Board member

Riikka Rannikko

Riikka Rannikko

Board member

Observer members of the Board

Arthur Ehrnrooth, Observer member of the Board
Nicole Ehrnrooth, Observer member of the Board
Caroline Ehrnrooth, Observer member of the Board
Edwin Ehrnrooth, Observer member of the Board

Personnel

Ritva Aula-Sjölund, Accountant
Susanna Marschan, Controller
Juha Nurmi, Chief Accountant
Mirka Proctor, Financial Associate
Paulina Rytkönen, Group Controller
Juha Sinikannel, Logistics
Helena Torikka, Office Manager and Executive Assistant