Discover the top 10 biggest companies in Finland by revenue in 2023, including Fortum, Neste, Nokia, Kesko, Stora Enso, UPM-Kymmene, KONE, Outokumpu, Nordea Bank, and Sampo.
1. Fortum
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $147460 Millions
Stock symbol: FORTUM.HE
Fortum is a Finnish energy company headquartered in Espoo, Finland, founded in 1998. It operates in more than 40 countries, including Finland, Sweden, Russia, and Poland. The company’s main activities revolve around the generation, distribution, and sale of electricity and heat. Fortum also offers energy-related products and services, such as electric vehicle charging solutions and energy efficiency solutions. Some of its notable brands include Fortum Charge & Drive and Fortum Värme.
2. Neste
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $25610 Millions
Stock symbol: NESTE.HE
Neste is a Finnish company headquartered in Espoo, Finland, founded in 1948. It operates in over 30 countries worldwide. The company’s main activities revolve around refining and marketing renewable fuels, such as renewable diesel and sustainable aviation fuel. Neste also offers a range of renewable solutions for various industries, including renewable chemicals and plastics. Some of its well-known brands include Neste MY Renewable Diesel and Neste RE.
3. Nokia
Industry: technology
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $25500 Millions
Stock symbol: NOK
Nokia, founded in 1865, is headquartered in Espoo, Finland. It operates in over 100 countries worldwide, making it a global company. Nokia’s main activities revolve around telecommunications, networking equipment, and technology solutions. They provide a wide range of products and services, including mobile phones, network infrastructure, software, and services. Nokia is known for its iconic brand and innovative technologies in the telecommunications industry.
4. Kesko
Industry: retail
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $12470 Millions
Stock symbol: KESKOA.HE
Kesko is a Finnish company headquartered in Helsinki, founded in 1940. It operates in multiple countries, with operations in 11 countries. The company’s main activities include grocery trade, building and technical trade, and car trade. Kesko offers a wide range of products and services, including food, home improvement products, and automotive supplies. It also owns various brands such as K-Citymarket, K-Rauta, and K-Auto.
5. Stora Enso
Industry: paper and forest products
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $12300 Millions
Stock symbol: STEAV.HE
Stora Enso, founded in 1998, is headquartered in Helsinki, Finland. It operates in over 35 countries worldwide, making it a truly global company. Stora Enso is primarily engaged in the production of renewable solutions in the areas of packaging, biomaterials, wooden construction, and paper. The company offers a wide range of products and services, including packaging materials, pulp, paper, and wood products. Some of its well-known brands include Cupforma, DuraSense, and Lumi.
6. UPM-Kymmene
Industry: basic materials
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $11860 Millions
Stock symbol: UPM.HE
UPM-Kymmene is headquartered in Helsinki, Finland and was founded in 1996. It operates in over 50 countries worldwide, making it a truly global company. UPM-Kymmene is primarily engaged in the production of paper, pulp, and other forest-based products. They also offer a range of services related to the forestry industry. Some of their well-known brands include UPM, Kymmene, and UPM ProFi.
7. KONE
Industry: industrial goods
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $11470 Millions
Stock symbol: KNEBV.HE
KONE, founded in 1910, is headquartered in the city of Espoo, Finland. It operates in over 60 countries worldwide, making it a truly global company. KONE specializes in the manufacturing and maintenance of elevators, escalators, and automatic building doors. With a strong focus on innovation and sustainability, KONE has established itself as a leading provider of vertical transportation solutions.
8. Outokumpu
Industry: metal and mining
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $10970 Millions
Stock symbol: OUT1V.HE
Outokumpu is a multinational company with its headquarters in Helsinki, Finland. It was founded in 1932. The company operates in over 30 countries worldwide. Outokumpu is primarily engaged in the production and distribution of stainless steel. They offer a wide range of stainless steel products, services, and solutions for various industries such as construction, automotive, and energy. Outokumpu is known for its high-quality stainless steel brands like Forta, Supra, and Prodec.
9. Nordea Bank
Industry: financial services
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $9980 Millions
Stock symbol: NDA-FI.HE
Nordea Bank is headquartered in Stockholm, Sweden and was founded in 2000. It operates in multiple countries, including Denmark, Finland, Norway, and Estonia, among others. Nordea Bank offers a wide range of financial services, including banking, investment, and insurance. It is known for its strong presence in the Nordic region and is one of the largest banks in Europe.
10. Sampo
Industry: financials
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $6830 Millions
Stock symbol: SAMPO.HE
Sampo, founded in 1909, is headquartered in Helsinki, Finland. It operates in multiple countries, with a presence in over 20 countries worldwide. Sampo’s main activities include insurance, banking, and asset management. The company offers a range of products and services in these sectors, and it is known for its brands such as If, Mandatum Life, and Topdanmark.
More: The Economic System of Finland: An Analysis
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