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Business

[Earnings wrap] Cityvarasto revenue rises 21% in record year
[Earnings wrap] Cityvarasto revenue rises 21% in record year

Feb 24, 2026

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Tuesday brings a brief lull before a busy earnings week in Finland, with only one annual report scheduled: Cityvarasto Oyj. The self-storage company's shares rose 0.53 percent to EUR 18.80 this morning, outperforming the OMX Helsinki 25 index, which edged up 0.09 percent to 6,119.47.

Newly listed Cityvarasto said in its latest annual report that it had achieved the best result in its history in 2025. Annual revenue surged 21.1 percent year-over-year to EUR 27.1 million, while adjusted EBITDA increased 20.1 percent to EUR 12.1 million, exceeding guidance. Adjusted operative earnings per share rose to EUR 0.85. In the fourth quarter, revenue grew 25.4 percent to EUR 7.2 million.

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Chief Executive Ville Stenroos said, “Financial year 2025 was a period of exceptionally strong growth and strategic progress for Cityvarasto.” During the year, six new self-storage facilities were opened and seven properties acquired, bringing the total to 77 sites. 

For 2026, the company expects revenue of EUR 29.9 million to EUR 31.2 million and adjusted EBITDA of EUR 12.7 million to EUR 13.9 million. Last October, Cityvarasto listed on the Nasdaq First North market and raised about EUR 15 million in a share issue.

Authors

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

Authors

Emmi Laine is head of business content at Listeds and our lead for finance and business coverage. She sets the editorial agenda, interviews Nordic business leaders, and writes stories, newsletters, and social content on timely market and corporate topics. Emmi brings nearly eight years of experience from Shanghai's Yicai Global / Yicai Media Group, where she was awarded for reporting on China’s economy, finance sector, and technology innovation. She holds an MSc in Innovation and Entrepreneurship from ESADE Business School in Barcelona and a Master’s degree in International Design Business Management from Aalto University. She also holds a Bachelor’s degree in Culture Studies with a major in Journalism from Stockholm University and has studied Mandarin Chinese and Chinese culture. Emmi is a Finnish citizen and has lived in Finland, Sweden, China, and Portugal.

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