Hello curious minds,
Monday is here again, which means it’s time for Listeds Pulse Nordic!
This is your weekly Monday briefing on the most relevant leadership shifts shaping the corporate landscape. Soon, we’ll expand to cover the entire Nordic region, but for now, our lens is firmly on Finland’s movers and shakers.
This edition covers changes between August 4 – August 10, 2025.
Over this time, we tracked only 5 management team changes across Finnish listed companies.
Robit – CEO Change amid profitability pressure
Mikko Kuusilehto took over as Group CEO of Robit on 6 August 2025, succeeding Arto Halonen, who had led the company since March 2022. Kuusilehto joins from Kuusakoski Oy, where he served as CEO since 2018, and brings over a decade of leadership experience in Finland and internationally, including senior roles at Peikko Group.
Q2/2025 – Tough start to the year
- Revenue €19.6M (–20.4% YoY)
- EBIT –€0.6M (–3.1% of net sales) hit by €0.9M FX (Foreign Exchange) losses
- Gross margin improved thanks to procurement savings and lower freight costs
- Global transformation program launched: €2M annual personnel cost savings, €0.8M already expected in 2025
Outlook & forecasts+- 10.7.2025 profit warning: 2025 revenue expected to decline vs. 2024, EBIT to remain flat or decrease
- 2024 revenue €90.3M → expected €85.1M in 2025 before returning to growth 2026–2028
- EBIT margin forecast to recover from 2026
- Dividend payments targeted from 2027
- Share price down ~29% over the past year
Pulse Signal:
The CEO transition comes during a period of falling sales, margin pressure, and a challenging construction market. Ari Suokas stepped in as CFO in April 2025, and such changes often signal further shifts in leadership. Cost savings may stabilize profitability in the near term, but growth will depend on the new leadership’s ability to re-ignite demand and navigate volatile Foreign Exchange impacts. I personally expect more senior appointments to follow the CEO transition
Other companies that had changes were YIT, Summa Defence and CapMan.
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– Helene Auramo
Founder, Listeds Pulse Newsletter