Viking Malt Oy
OYActiveY-tunnus 0802004-9Makasiinikatu 8, 15150 LahtiManufacture of malt· NACE 1106Est. 1989 · 37 years old163 employees
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Overview
Viking Malt Oy is a Finnish OY based in Lahti, operating in the Manufacture of malt sector. Incorporated in 1989, the company has 163 employees and reported revenue of €52.2m in its latest annual filing.
Revenue 2024
52.2M EUR
−17% vs 2023
EBITDA margin
8.7 %
−27% vs 2023
Net profit 2024
2.7M EUR
-77% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
39.5 %
AverageAround the average of companies in the same industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
0.2×
Very weakAmong the 10% lowest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
0.9 %
WeakAmong the 40% lowest rated companies in the industry
20202024
EBITDA — year on year
EUR thousandsKey figures
Annual report 2024| Revenue | 52.2M EUR | -17% |
| EBITDA | 4.5M EUR | -27% |
| Net profit | 2.7M EUR | -77% |
| Total assets | 292.3M EUR | -7% |
| Equity | 115.5M EUR | +2% |
| Employees | 163 | — |
Company information
Legal name
Viking Malt Oy
Y-tunnus number
0802004-9
Legal form
Osakeyhtiö
NACE code
1106 · Manufacture of malt
Founded
27 September 1989 · 37 years
Share capital
EUR 7,367,400
Employees
163 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Bolaget har som ändamål att antingen i egen regi eller genom dotterbolag importera, framställa, sälja och marknadsföra malt- och andra spannmålsprodukter i hemlandet såväl som utomlands, att producera transport-, applikations-, laboratorie- och underhållstjänster samt att bedriva med dessa förenlig verksamhet. Bolaget kan äga fastigheter.
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Contact
Address
Makasiinikatu 8, 15150 Lahti
Phone
+3580386415
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Financial development
In its most recent annual report (2024), Viking Malt Oy reported revenue of €52.2m, a decrease of 17% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net profit of €2.7m, and the EBITDA margin stood at 8.7%.
At the end of 2024, equity financed 39.5% of the balance sheet, and current assets covered short-term debt 0.2 times.
Financials
Revenue
EUR millionsEBITDA
EUR thousandsIncome statement
EUR thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 52,187 | 62,741 | 49,488 | 39,439 | 38,530 |
| Staff expenses | -5,529 | -6,018 | -5,088 | -4,619 | -4,956 |
| EBITDA | 4,545 | 6,237 | -3,132 | 3,096 | 5,790 |
| Depreciation & amort. | -5,598 | -1,057 | -2,990 | -3,163 | -1,623 |
| EBIT | -1,053 | 5,180 | -6,122 | -67 | 4,167 |
| Net financials | 5,430 | 6,762 | 6,011 | 4,477 | 7,427 |
| Profit before tax | 2,880 | 11,916 | 1,271 | 6,643 | 12,138 |
| Tax | 151 | 214 | 102 | 156 | 890 |
| Net profit | 2,729 | 11,702 | 1,169 | 6,487 | 11,248 |
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Balance sheet
EUR thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 292,257 | 312,736 | 287,301 | 216,572 | 184,097 |
| Equity | 115,462 | 113,285 | 102,689 | 103,730 | 100,135 |
| Long-term debt | 45,634 | 114,582 | 115,040 | 82,375 | 63,580 |
| Short-term debt | 129,137 | 82,843 | 69,572 | 30,467 | 20,382 |
| Total debt | 174,771 | 197,424 | 184,612 | 112,841 | 83,962 |
Financial ratios
5-year trendEBITDA margin
8.7 %
20202024
Equity ratio
39.5 %
AverageAround the average of companies in the same industry
20202024
Return on equity
2.4 %
WeakAmong the 40% lowest rated companies in the industry
20202024
Net profit margin
5.2 %
AverageAround the average of companies in the same industry
20202024
Asset turnover
0.18×
Very weakAmong the 20% lowest rated companies in the industry
20202024
Debt / equity
1.53×
WeakAmong the 40% lowest rated companies in the industry
20202024
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginWeak
Among the 30% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Weak
Among the 40% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Weak
Among the 40% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 40% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Weak
Among the 40% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioWeak
Among the 30% lowest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioVery weak
Among the 10% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioVery weak
Among the 10% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery weak
Among the 20% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 10% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery weak
Among the 10% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioStrong
Among the 40% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 40% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityWeak
Among the 40% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtWeak
Among the 40% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 30% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 40% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverVery weak
Among the 20% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 40% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (7) | ||
TJ Confidential Clerk | Confidential Clerk | 2020 |
ND Confidential Clerk | Confidential Clerk | 2018 |
HK Chief Executive Officer | Chief Executive Officer | 2017 |
AK Confidential Clerk | Confidential Clerk | 2018 |
LM Confidential Clerk | Confidential Clerk | 2020 |
TJ Confidential Clerk | Confidential Clerk | 2018 |
PR Confidential Clerk | Confidential Clerk | 2018 |
Former (6)
MK | Audit | 2020 – 2023 |
BU Confidential Clerk | Confidential Clerk | 2018 – 2020 |
JO Confidential Clerk | Confidential Clerk | 2018 – 2022 |
AI Confidential Clerk | Confidential Clerk | 2018 – 2020 |
TH Confidential Clerk | Confidential Clerk | 2018 – 2022 |
JA | Audit | 2014 – 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
ND Board of Directors | Board of Directors | 2018 |
RS Board of Directors | Board of Directors | 2026 |
LM Board of Directors | Board of Directors | 2019 |
CJ Board of Directors | Board of Directors | 2026 |
JD Board of Directors | Board of Directors | 2024 |
PR Chairperson | Chairperson | 2018 |
Former (5)
PG Board of Directors | Board of Directors | 2018 – 2026 |
BU Board of Directors | Board of Directors | 2018 – 2019 |
JO Board of Directors | Board of Directors | 2018 – 2021 |
JG Board of Directors | Board of Directors | 2021 – 2024 |
TJ Board of Directors | Board of Directors | 2018 – 2026 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 62.5% | 62.5% | 2023 |
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Company hierarchy
Polttimo Oy62.5%
Viking Malt Oy (this company)Viking Malt A/S100% ownedViking Malt AB100% ownedUAB Viking Malt100% ownedBoard network connections
Board members of Viking Malt Oy also hold positions in 93 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Tapio Juhani Mäkinen | Confidential Clerk | 40 companiesMany roles |
| Pär-Gustaf Relander | Confidential Clerk | 17 companiesMany roles |
| Riikka Susanna Rannikko | Board of Directors | 12 companiesMany roles |
| Markku Kalervo Launis | Audit | 7 companiesMany roles |
| Janne Antero Rajalahti | Audit | 7 companiesMany roles |
| Timo Heikki Huttunen | Confidential Clerk | 4 companies |
| Nella Diana Ginman-Tjeder | Confidential Clerk | 2 companies |
| Annika Kristina Wilhelmson | Confidential Clerk | 2 companies |
| Bo Ulf Zenk | Confidential Clerk | 1 company |
| Teemu Jarno Tuomas Pohjola | Confidential Clerk | 1 company |
Frequently asked questions
What is the Y-tunnus number of Viking Malt Oy?
Viking Malt Oy is registered with PRH / YTJ under Y-tunnus 0802004-9.
What is the revenue of Viking Malt Oy?
Viking Malt Oy reported revenue of €52.2m in 2024.
How many employees does Viking Malt Oy have?
Viking Malt Oy employs 163 people as of the latest annual report.
Who is the CEO of Viking Malt Oy?
Hans Kasper Madsen is the CEO of Viking Malt Oy, in role since 2017.
Who is the chairman of Viking Malt Oy?
Pär-Gustaf Relander chairs the board of Viking Malt Oy, in role since 2018.
Where is Viking Malt Oy headquartered?
Viking Malt Oy's registered address is Makasiinikatu 8.