Financials

The financial review 2020

• Patria Group’s financial performance exceeded its key targets and profitability for the financial year 2020 was at a strong level, in spite of COVID-19.
• Net sales totaled EUR 534.1 million. Operating profit was EUR 40.3 million.
• Value of new orders received was EUR 1,400.2 million. Millog's new Strategic Partnership Agreement with the Finnish Defence Forces for 2021-2028 has a significant impact on this.
• Equity ratio was 38.8% and net gearing 72.1%.