Solidium’s half-year review 1.1.-30.6.2024: The return on equity holdings was 7.0 percent, new investment in satellite imaging company ICEYE
Solidium's equity holdings' return for the period 1.1–30.6.2024 was 7.0 percent. The total return is highlighted by the favorable price development of a few large holdings, such as Nokia and Metso, during the review period. The return on Solidium's equity holdings over the past twelve months 1.7.2023-30.6.2024 was 1.7 percent. The value of Solidium’s equity holdings was approximately 7.1 billion euros on 30.6.2024.
Updated strategy in practise
Thru the partial demerger of Sampo plc in autumn 2023 Mandatum became an independent listed company and did not fulfil Solidium’s investment criteria of national importance. Thus, during the review period Solidium sold all its Mandatum shares for approximately 131 million euros.
During the review period Solidium also sold its remaining Kemira shares for approximately 125 million euros. Oras Invest had already for a long time been serving as a Finnish anchor owner in Kemira, and it was natural that through the sale Solidium released capital for other needs.
Solidium invested part of the sale proceeds in the satellite imaging company ICEYE. Solidium acted as the lead investor in the financing round signed on 15.4.2024 for ICEYE, a Finnish SAR satellite imaging company. Solidium's share was half of the financing round of over 80 million euros, amounting to about 40 million euros. New investors participated in the convertible bond round on the same commercial terms as Solidium, along with the company's previous owners.
– As an investment, ICEYE fits perfectly into our updated strategy. ICEYE is a globally recognized high-tech company in a rapidly growing industry and has clear potential to grow into a nationally significant publicly traded company. Through this, ICEYE is also building broader technological expertise and a sector cluster in Finland, says Solidium's CEO Reima Rytsölä.
Solidium's fiscal year changes to the calendar year
The current fiscal year is 18 months long, starting on 1.7.2023 and ending on 31.12.2024, as a result of which the next Solidium financial statements will be completed at the beginning of 2025. The aim of the change in the fiscal year is to clarify Solidium's communication and other administration.
Further information:
CEO Reima Rytsölä, call-back requests, Jaana Lahti, tel. +358 50 339 8801
Attachments:
Solidium’s half-year report 1.1.-30.6.2024
Solidium is a limited liability company wholly owned by the State of Finland. Its mission is to strengthen and stabilise Finnish ownership in nationally important companies and increase the value of its holdings in the long term. The market value of Solidium’s total investments is approximately 7.6 billion euros. Further information: www.solidium.fi/en.
Keywords
Images
Documents
Alternative languages
Subscribe to releases from Solidium Oy
Subscribe to all the latest releases from Solidium Oy by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Solidium Oy
Matts Rosenberg tillträder som verkställande direktör för Solidium den 11.8.202526.6.2025 11:20:42 EEST | Pressmeddelande
Matts Rosenberg tillträder som verkställande direktör för Solidium den 11 augusti 2025. Det tidigare meddelade startdatumet var den 1 oktober 2025. Styrelsen hälsar Matts Rosenberg hjärtligt välkommen till Solidium. Tilläggsinformation: styrelseordförande Jouko Karvinen; ringbud, Inka Virtanen, tfn +358 (0)50 304 7904 Solidium är ett aktiebolag som i sin helhet ägs av finska staten och vars uppgift är att förstärka och stabilisera det inhemska ägandet i nationellt sett viktiga företag och öka innehavens ekonomiska värde på lång sikt. Solidiums placeringsförmögenhet är cirka 7,7 miljarder euro. Tilläggsinformation: www.solidium.fi/sv/.
Matts Rosenberg aloittaa Solidiumin toimitusjohtajana 11.8.202526.6.2025 11:20:42 EEST | Tiedote
Solidiumin uusi toimitusjohtaja Matts Rosenberg aloittaa tehtävässään 11. elokuuta 2025. Aiemmin aloituspäiväksi oli ilmoitettu 1. lokakuuta 2025. Hallitus toivottaa Matts Rosenbergin lämpimästi tervetulleeksi Solidiumille. Lisätietoja: hallituksen puheenjohtaja Jouko Karvinen; soittopyynnöt Inka Virtanen, puh. 050 304 7904 Solidium on Suomen valtion kokonaan omistama osakeyhtiö, jonka tehtävänä on vahvistaa ja vakauttaa kotimaista omistusta kansallisesti merkittävissä yrityksissä ja kasvattaa pitkäjänteisesti omistustensa taloudellista arvoa. Solidiumin sijoitusvarallisuuden arvo on noin 7,7 miljardia euroa. Lisätietoja: www.solidium.fi.
Matts Rosenberg will start as CEO of Solidium on 11 August 202526.6.2025 11:20:42 EEST | Press release
Matts Rosenberg will start as the new CEO of Solidium on 11 August 2025. The previously announced start date was 1 October 2025. The Board warmly welcomes Matts Rosenberg to Solidium. Further information: Jouko Karvinen, Chair of the Board, call-back requests, Inka Virtanen, tel. +358 (0)50 304 7904 Solidium is a limited liability company wholly owned by the State of Finland. Its mission is to strengthen and stabilise Finnish ownership in nationally important companies and increase the value of its holdings in the long term. The market value of Solidium’s total investments is approximately 7.7 billion euros. Further information: www.solidium.fi/en.
Beslut av Solidium Oy:s ordinarie bolagsstämma10.4.2025 09:19:16 EEST | Pressmeddelande
Solidiums ordinarie bolagsstämma hölls i Helsingfors 9.4.2025. Bolagsstämman fastställde bokslutet för räkenskapsperioden 1.7.2023–31.12.2024 samt beviljade styrelsen och verkställande direktören ansvarsfrihet.
Solidium Oy:n varsinaisen yhtiökokouksen päätökset10.4.2025 09:19:16 EEST | Tiedote
Solidiumin varsinainen yhtiökokous pidettiin Helsingissä 9.4.2025. Kokous vahvisti yhtiön tilinpäätöksen tilikaudelta 1.7.2023–31.12.2024 ja myönsi vastuuvapauden hallitukselle ja toimitusjohtajalle.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom