Top average salaries in Helsinki-listed companies exceed €13,600 a month

Business

Top average salaries in Helsinki-listed companies exceed €13,600 a month

May 11, 2026

Asset management companies paid the highest average salaries among companies listed on the Helsinki Stock Exchange last year, according to a review of annual reports compiled by Kauppalehti Analyst Ari Rajala.

EQ topped the ranking with an average monthly salary of €13,681, followed by CapMan at €12,340 and Taaleri at €9,472, the report published today shows. The figures were calculated by dividing reported salary and compensation costs, including board remuneration, by average headcount. The dataset excludes companies with fewer than 50 employees.

The data highlight how scalable the wealth management business can be. Large pools of capital are often managed by relatively small teams, while performance-related compensation can significantly lift earnings in strong years.

At the other end of the ranking was electronics manufacturer Incap, where the average monthly salary stood at €717. Much of the company’s manufacturing workforce is based in India. Scanfil, another contract manufacturer with operations across Eastern Europe and Asia, reported an average monthly salary of €2,447.

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Among Finland’s largest listed employers, Neste reported the highest average salary at €7,349 per month. Nordea followed at €7,090 and Nokia at €6,775. Kone, which employs a large global installation workforce, reported a lower average of €5,090.

The review also showed differences within retail. Musti Group reported an average monthly salary of €2,553, while Kamux and Duell exceeded €4,000. Tokmanni’s average stood at €3,305, compared with €3,133 at Puuilo.

Rajala also compared operating profit against salary costs to measure how efficiently companies turn labor expenses into earnings. Property investor Citycon ranked highest on that measure, generating more than 14 euros in operating profit for every euro spent on salaries. The figure reflects the capital-intensive nature of property investment businesses, where rental income and property valuation gains can produce strong profits with relatively small workforces, Rajala noted.

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Authors

Emmi Laine

Journalist

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.