Vapo - The journey continues

The journey continues.

Vapo is on a journey of renewal.

The new Vapo will serve its customers even more intelligently and comprehensively, making use of local expertise. Vapo is boldly looking for opportunities in the global markets and responding to the needs of a changing world by delivering environmentally sustainable solutions.

Vapo is a leading supplier and developer of bioenergy in Finland, Sweden and Estonia. Vapo produces energy responsibly from sources including peat and wood. The company’s services also include various comprehensive energy solutions as well as related digital services and environmental business solutions. Vapo is an important part of the local energy infrastructure in all of its markets.

A long history of expertise

Our long history in Finland allows us to genuinely understand our operating environment and partners as well as the end user. We want to evolve constantly, and the trust we have in our own expertise enables us to also pursue new possibilities.

Utilising our strong expertise in raw materials, we are able to produce materials for the future out of peat. Vapo Carbons, which produces technical carbon for industrial use, is an example of our efforts in development. Our innovative solutions meet local needs directly, while also creating room for growth on a national as well as international level.

Key figures

392,1MEURTurnover

20,0MEUROperating profit

812,4MEURBalance sheet total

43,0%Equity ratio

3,0%Pre-tax return on invested capital (ROIC)

733Personnel

Input

Finances

Balance sheet EUR 812.4 million
Equity EUR 339.7 million
Gross investments EUR 39.6 million

Personnel

773, of whom 515 in Finland
69 seasonal workers per year*
70 training days per year*

Natural resources

100,000 hectares of land assets
537,547 m3 of certified wood fuel*
Water consumption 941,400 m3*

Production plants

Approx. 400 peat production areas
7 power plants
146 heating plants
27 district heating networks
6 pellet factories
8 agricultural peat factories
2 composting plants

Intangible assets

Industry expertise
Certified quality management and environmental system
Patents, brands
Treatment methods for natural waters and drainage waters
Partner network
Contractors
Logistics partners
Land owners
Wood suppliers
Research institutes, universities, schools
Retailers

Business

Vapo is a renewal-oriented, local and responsible company that is close to the customer

Energy industry expertise in solid fuels
Peat expertise
Expertise in growing
Leveraging the digital transformation
Customer-focused solutions and services

Forces of change:

The digital transformation
Responsibility
Urbanisation
Climate change

Output

Products and services

11.9 TWh of fuel supplied
1,321 TWh of heat, electricity and steam supplied
Substrates and other gardening products
Environmental peat
Peat fibre
Energy solutions
Operating services for energy assets
Digital services
Water treatment solutions
Security of supply and logistics services
Innovation

Waste and emissions

Airborne emissions:

Carbon dioxide

Particle emissions

Sulphur and nitrogen oxides

Ash

Emissions into waterways:

Phosphorus

Nitrogen

Solid matter

Waste water

Waste

Impact

Economic impact

Turnover EUR 392.1 million
Salaries and fees EUR 37.2 million
Purchases EUR 155.7 million
Dividends EUR 4.0 million
Direct taxes EUR 2.0 million
Safeguarding energy assets

Social impacts

Reliability of the supply of electricity and heating
Direct and indirect employment effects in Finland, Sweden and Estonia
An important employer in sparsely populated areas
46 accidents per one million working hours*
Promoting the construction of green areas and gardening
Promoting food safety
Developing global food production
Animal welfare

Environmental impacts

Urban green areas sequester carbon and wetlands purify drainage waters
Converting cutaway peat production areas into carbon-sequestering areas
Promoting biodiversity by reforestation and building wetlands
Exchanging mires with significant natural resources or selling them for conservation purposes
Waste recycling rate 72%*
Ash recycling rate 74%*
Reuse of used stacking plastic 100% *

* Figures for the calendar year 2016

On the path towards global leadership.

We are a rapidly transforming bioeconomy and energy company. Renewal is not only our passion, it is also vital for our future. Combined with our highly competent people, our expertise in domestic raw materials and the energy sector create a strong foundation for the energy business and the development of our new bioeconomy businesses. We operate in Finland, Sweden and Estonia.

The digital transformation.

The next-generation Vapo is an intelligent and agile operator that leverages the opportunities presented by state-of-the-art technology. Digital solutions enable flexible service that takes each individual customer’s needs into consideration. One of our new digital solutions is our power plant operations centre in the Tikkurila district of Vantaa, Finland. Connecting a power plant to Vapo’s modern monitoring and control network will increase the productivity and reliability of the customer’s energy production operations.

District heating is local heating.

Vapo’s goal is to be the world’s leading expert on the local energy value chain. We provide our customers with local and domestic fuels, electricity, heating and related added value services. With decades of experience in fuel production and a high level of expertise in energy production, we are a reliable partner and energy supplier for the energy industry, the business sector and homes.

The countdown has begun. Peat is the path to the future.

Vapo is boldly seeking peat-based business opportunities beyond the traditional fuel, agricultural and environmental peat businesses. Vapo Carbons aims to refine peat into technical carbon products for the global market. Examples of technical carbon products include activated carbon and carbon black. Activated carbon can be used in the purification of air and water, for example, while carbon black is used as a pigment in industry.

Growth from fibre. Naturally.

Our decades-long raw material expertise allows us to develop peat into future materials to serve the needs of the packaging and construction industries, for example. Peat fibres have unique special properties compared to many traditional materials. For this reason, products manufactured from natural peat fibre represent a competitive advantage, success factor and source of added value for consumers and producers of reprocessed products.