Patria Oyj’s Annual General Meeting held on 15h of April 2024 adopted the Consolidated Financial Statements for the financial period that ended on 31st December 2023. 

Patria Group’s net sales for 2023 totaled EUR 733,8 million (EUR 627.1 million in 2022). 34% (31%) of net sales accrued from outside Finland. The Group’s operating profit for the Financial Period was EUR 68.9 million (EUR 53.8 million). The consolidated income before taxes amounted to EUR 64.0 (EUR 49.7 million). The Group’s return on equity was 18.6% (15.8%). 

It was decided to discharge the members of the Board of Directors and the President and CEO from liability for the financial period of 2023. Furthermore, the Annual General Meeting decided, according to the Board of Directors’ proposal, to distribute a dividend of EUR 1.00 per share owned by the State of Finland and Kongsberg Defence & Aerospace AS, totally EUR 27,841,889,00. 

Panu Routila (Doctor of Business Administration) continues as the Chairman of the Board of Directors. Eirik Lie (Executive Vice President, Kongsberg, President Kongsberg Defence & Aerospace), Outi Henriksson (Executive Vice President & CFO), Jarle Næss (Senior Vice President Business Development, Kongsberg Defence & Aerospace), Jukka Juusti (Master of Science in Engineering) and Petri Vihervuori (Senior Financial Counsellor, the Ownership Steering Department in the Prime Minister’s Office). New members are Signe Bjarttun Jørgensen (Executive Vice President Finance, Kongsberg Defence & Aerospace) and Eirik Tord Jensen (Senior Vice President Special Programs, Kongsberg Defence & Aerospace). 

Antti Kaikkonen, Member of Parliament, was elected as the Chairman of Patria Oyj Consultative Committee and Atte Kaleva, Member of Parliament as the Vice Chairman. The other members of the Consultative Committee are Member of Parliament Mari Kaunistola, Member of Parliament, Petri Huru and Member of Parliament Riitta Mäkinen, Under-Secretary Petri Peltonen, Chief of Defence Command, Lieutenant General Vesa Virtanen, Equipment Assembler Juha Heikkilä, Patria, Systems Engineer Ilkka Kokko, Patria, System Specialist Juha Kuusi, Patria and Mechanic Gösta Sundström, Patria.

The audit company Ernst & Young Oy was elected as the auditor. The main responsible auditor is Juha Hilmola, Authorized Public Accountant.

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, technology solutions and pilot training. 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 on land, sea and air. Patria has several locations including Finland, Sweden, Norway, Belgium, the Netherlands, Estonia, Latvia and Spain. Patria employs over 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 Nammo, and together these three companies form a leading Nordic defence partnership.