Business profile

Citycon Finland Oy

Citycon Finland Oy's registered office is Esbo. It is a limited company. The company was established on 2011-08-30. It operates in the industry of rental and operating of own or leased non-residential real estate. In its latest retained statement for 2024-12-31, revenue was €64,900,000 and operating profit was -€8,400,000.

Claim profileContact details
Business ID 2424293-6ValidUnclaimed company profile

Trusted core data

Public company details from the trade register.

Business ID
2424293-6
Sector
Rental and operating of own or leased non-residential real estate
Municipality
Esbo
Company form
Limited company
Registration date
2011-08-30
Business ID registration date
2011-08-19
Business status
Valid
Profile ownership
Unclaimed company profile

Contact and location summary

Visiting address: Piispansilta 9 A, 02230, Esbo

Phone: +358207664499Source observation

Email: [email protected]Source observation

Website: https://www.citycon.fiSource observation

People and decision-makers

Nowakowski Michal LeszekToimitusjohtaja
Eshel PestiToimitusjohtaja
City EuropeCEO

About Citycon Finland Oy

Financial position and key figures for the company.

Citycon Finland Oy's location municipality is Esbo. It is a limited company. The company was established on 2011-08-30. It operates in the industry of rental and operating of own or leased non-residential real estate. In its latest retained statement for 2024-12-31, revenue was €64,900,000 and operating profit was -€8,400,000. The latest retained financial statement for 2024-12-31 shows revenue of €64,900,000 and profit for the financial year of -€63,500,000. Based on the latest retained statement, revenue growth was +6.7%, operating margin was -12.9%, and equity ratio was +21.3%.

Financial highlights

Key figures from the latest financial period.

Latest financial period

2024-12-31

Imported periods0
PRH parsed0
Profile sourceEnriched source observation
Derived indicators
Revenue growth6.7%
Operating margin-12.9%
Equity ratio21.3%
Revenue€64,900,000+€4,100,000 (+6.7%) vs previous periodPrevious: €60,800,000
Operating profit (loss)-€8,400,000+€25,500,000 (+75.2%) vs previous periodPrevious: -€33,900,000
Profit (loss) for the financial year-€63,500,000-€15,800,000 (-33.1%) vs previous periodPrevious: -€47,700,000
Assets€844,800,000-€49,700,000 (-5.6%) vs previous periodPrevious: €894,500,000
Balance-sheet contextLatest financial period
Profit before taxes-€63,500,000Previous: -€47,700,000
Employees39Previous: 41
Revenue trend4 periods
€52,300,000
2021-12-31
€54,700,000
2022-12-31
€60,800,000
2023-12-31
€64,900,000
2024-12-31
Operating profit (loss) trend4 periods
€46,500,000
2021-12-31
-€20,300,000
2022-12-31
-€33,900,000
2023-12-31
-€8,400,000
2024-12-31
Profit (loss) for the financial year trend4 periods
€0
2021-12-31
-€19,300,000
2022-12-31
-€47,700,000
2023-12-31
-€63,500,000
2024-12-31
Assets trend4 periods
€956,500,000
2021-12-31
€908,800,000
2022-12-31
€894,500,000
2023-12-31
€844,800,000
2024-12-31

Financial ratios

Financial ratios based on financial statement data. Source: Rikastettu lähdehavainto.

Equity ratioPassable
27/100 · Declining
21.3 %2023-12-31: 27.2 %
Current ratioNot assessable
0/100 · Trend unavailable
Not available2023-12-31: Ei saatavilla
Operating profit marginWeak
18/100 · Improving
-12.9 %2023-12-31: -56.8 %
Ratio history
Ratio2021-12-312022-12-312023-12-312024-12-31
Equity ratio-32.0 %27.2 %21.3 %
Current ratio----
Operating profit margin88.9 %-37.1 %-56.8 %-12.9 %

Registry status and identifiers

Current registry information and identifiers based on YTJ data.

YTJ statusValid
Trade RegisterRegistered
Business ID2424293-6
VAT IDFI24242936
EU IDFIFPRO.2424293-6
MunicipalityEsbo
Current registered entries
2011-08-30Registered in Patent and Registration Office (Trade Register)
2011-08-31Registered in Tax Administration (Tax Administration)
2012-04-01Registered in Tax Administration (Employer Register)
2012-04-01VAT-liable for business activity in Tax Administration (VAT Register)
2012-04-02Registered in Tax Administration (Prepayment Register)
2012-05-15VAT-obliged for the transfer of rights to use immovable property in Tax Administration (VAT Register)

Responsible people

Public role relationships materialized from source observations.

Nowakowski Michal LeszekToimitusjohtajaSources: 4 · Confidence: 78%
Eshel PestiToimitusjohtajaSources: 1 · Confidence: 78%
City EuropeCEOSources: 1 · Confidence: 78%
Nowakowski Michal LeszekPuheenjohtajaSources: 2 · Confidence: 78%
Kuisma Niklas Mikael JohannesVarsinainen jäsenSources: 3 · Confidence: 78%
Korkala Tony MikaelVarsinainen jäsenSources: 3 · Confidence: 78%
Mäntyniemi Tuija IrmeliOikeutettu nimenkirjoittajaSources: 1 · Confidence: 78%
Eero Tapio SihvonenChief Financial OfficerSources: 1 · Confidence: 76%
Anu ServoPäävastuullinen tilintarkastajaSources: 1 · Confidence: 76%

Risk certificate

An open-data based company stability and risk signal.

BUSINESS.fi

BUSINESS.fi Luottoluokitus

Profile-specific risk signal based on open data

Automatic gradeNot a credit decision
B2
SatisfactoryCitycon Finland Oy
Grade downgradedA3 → B2 · new analysis 2026-10-17
Model score58/100
Assessment confidenceMedium
Evidence qualityUsable financial evidenceFinancial data included
Financial trajectoryFinancial development is mostly stable or mixed.
4 comparable periods
RevenueImproving
ProfitabilityVolatile
SolvencyDeteriorating
LiquidityNot enough history
Peer comparisonSame industryDescriptive comparison – does not change the model score.
235 peers
Solvency34%
Below 66% of peers
Profitability12%
Below 88% of peers
Revenue growth80%
Better than 80% of peers
Supporting factors
  • Active registered status
  • A newer financial statement filing has been reported
  • Long registry continuity
Risk factors to note
  • Negative profitability or net result
  • Losses in the latest and previous available periods
Rating historyAutomatic assessment developmentChanges are derived from evidence differences between persisted automatic assessments.
2 assessments
B2
2026-10-1758/100 · v0.15
A3 → B2 · -20 points
  • Revenue: Not enough history → Improving
  • Profitability: Not enough history → Volatile
  • Solvency: Not enough history → Deteriorating
A3
2026-09-1678/100 · v0.14
Oldest retained automatic assessment in this comparison
Automatic model gradeB2
Automatic model snapshot2026-10-17
Automatic model versionopen-risk-grade-v0.15
Financial data included

The grade can use open digital financial statement data together with registry signals.

Verify assessment

Risk context

When sufficient source-backed financial metrics are not available for a Tier 1 assessment, BUSINESS.fi shows registry, industry, and regional context.

Industry risklow
77/100

Industry context is low based on normalized open statistical inputs.

Age and continuityVakiintunut
80/100

The company has about 15 years of registry continuity.

Registry and status signalsVakaa
86/100

Registry history, filing recency, and active register markings are still limited or mixed.

Events & news

Verified events and sourced external company news in one timeline.

Risk grade updatedRisk gradeEvidence verified
17 Oct 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade B2.
Risk grade updatedRisk gradeEvidence verified
16 Sept 2026 · BUSINESS.fi / Opterom LuottoluokitusAutomatic grade A3.

Registry timeline

Trade register notifications shown on a timeline.

42 register eventsLatest event: 2026-05-20

Profile source and ownership

Profile based on public registry data
BUSINESS.fi has created this profile from public company information. Source data updated 2026-01-28.

This company profile has not been claimed yet

Citycon Finland Oy shows public core facts. A company representative can claim the profile, update public information, and access owner tools.