The Annual General Meeting of Patria Oyj adopted the Consolidated Financial Statements for the financial period that ended on 31st December 2020.

Patria Group’s net sales for 2020 totaled EUR 534.1 million (EUR 507.5 million in 2019). Defence solutions and their lifecycle business accounted for 93% (92%) and civilian products for 7% (8%) of net sales, while 25% (26%) of net sales accrued from abroad.

The Group’s operating profit for the Financial Period was EUR 40.3 million, representing 7.5% of net sales (EUR 7.8 million, 1.5%). The consolidated income before taxes amounted to EUR 36.7 million (EUR 3.9 million). The Group’s return on equity was 13.8% (1.8%).

It was decided to discharge the members of the Board of Directors and the President and CEO from liability for the financial period of 2020. Furthermore, the Annual General Meeting decided, according to the Board of Directors’ proposal, to distribute a dividend of EUR 0.60 per share owned by the State of Finland and Kongs­berg Defence & Ae­ros­pace AS, totally EUR 16,705,133.40.

Panu Routila, (MSc, Economics) continues as the Chairman of the Board of Directors of Patria Oyj. Harald Aarø, Executive Vice President Space and Surveillance, Kongsberg Defence & Aerospace AS; Eirik Lie, President, Kongsberg Defence & Aerospace AS; Päivi Marttila, CEO, Sievi Capital Plc; Jarle Næss, Senior Vice President, Business Development, Kongsberg Defence & Aerospace AS; Ari Puheloinen, General; Gyrid Skalleberg Ingerø, Executive Vice President and Chief Financial Officer, KONGSBERG Group and Petri Vihervuori, Senior Financial Adviser, the Ownership Steering Department in the Prime Minister’s Office, will continue as members of the Board of Directors.

Jari Myllykoski, Member of Parliament, will continue as the Chairman of Patria Oyj Consultative Committee and Janne Sankelo, Member of Parliament as the Vice Chairman. The other members of the Consultative Committee are Hannu Hoskonen, Member of Parliament; Petri Huru, Member of Parliament; Riitta Mäkinen, Member of Parliament; Petri Peltonen, Under-Secretary of State at the Ministry of Economic Affairs and Employment; Lieutenant General Eero Pyötsiä, Chief of Defence Command; Jussi Karimäki, Equipment Assembler, Patria; Ilkka Kokko, Systems Engineer, Patria; Juha Kuusi, System Specialist, Patria; and Jari Metsälä, Manager, Product Design, Patria.

PricewaterhouseCoopers Oy (PwC), Authorised Public Accountants, will continue as Auditor. Jukka Karinen, APA is the partner in charge of the audit.

Further information:
Ville Jaakonsalo, Chief Financial Officer, tel. +358 500 881 070, [email protected]

Patria is an international provider of defence, security and aviation life cycle support services, pilot training and technology solutions. Patria provides its aerospace and military customers with equipment availability, continuous performance development as well as selected intelligence, surveillance and management system products and services. Patria’s mission is to give its customers confidence in all conditions, and the vision is to be the #1 partner for critical operations. Patria has several locations including Finland, Sweden, Norway, Belgium, Estonia and Spain. Patria employs 3,000 professionals. Patria is owned by the State of Finland (50.1%) and Norwegian Kongsberg Defence & Aerospace AS (49.9%). Patria owns 50% of Norwegian Nammo, and together these three companies form a leading Nordic defence partnership.