Kari Malmstedt Oy is a limited company based in Enonkoski, registered in 1991. In the financial year ending 31.1.2026, operating profit 1,0 M€; equity ratio 55.1 %. Its taxable income in 2024 was 370 t€ and its income taxes 75 t€. Public buyers bought 1 500 € from it in 2024–2024; the largest buyer is Luonnonvarakeskus (Maa- ja metsätalousministeriön hallinnonala).
Gross profit 20265,3 M€+4 % on the previous year
Operating profit1,0 M€
Net profit821 t€EBITDA 347 t€
Equity ratio55,1 %quick ratio 1,42
Taxable income 2024370 t€
top 10 % of its industry
Income taxes 202475 t€593 t€ in 2020–2024
In business34 yrsregistered 27.11.1991
Sales to public buyers1 500 €2024–2024
Financials
Gross profitOperating profitNet profit
| Key figures | 31.1.2026 | 31.1.2025 | 31.1.2024 | 31.1.2023 | 31.1.2022 | 31.1.2021 |
|---|---|---|---|---|---|---|
| Revenue change | 3,7 % | 11,1 % | -6,5 % | 18,5 % | -0,1 % | – |
| Gross profit | 5,3 M€ | 5,1 M€ | 4,6 M€ | 4,9 M€ | 4,1 M€ | 4,2 M€ |
| EBITDA | 347 t€ | 1,5 M€ | 1,5 M€ | 1,4 M€ | 1,2 M€ | 1,4 M€ |
| Operating profit | 1,0 M€ | 215 t€ | 373 t€ | 685 t€ | 322 t€ | 718 t€ |
| Net profit | 821 t€ | 172 t€ | 295 t€ | 536 t€ | 250 t€ | 564 t€ |
| Personnel costs | -3,0 M€ | 3,1 M€ | 2,6 M€ | 3,0 M€ | 2,6 M€ | 2,4 M€ |
| Equity ratio | 55,1 % | 63,1 % | 61,0 % | 54,5 % | 52,9 % | 48,6 % |
| Quick ratio | 1,42 | 1,38 | 1,39 | 1,33 | 1,24 | 1,13 |
| Current ratio | 1,49 | 1,46 | 1,47 | 1,39 | 1,27 | 1,17 |
| Return on equity | 25,3 % | 6,5 % | 11,1 % | 21,1 % | 11,5 % | 27,5 % |
| Balance sheet total | 5,9 M€ | 4,2 M€ | 4,4 M€ | 4,7 M€ | 4,1 M€ | 4,2 M€ |
| Equity | 3,2 M€ | 2,6 M€ | 2,7 M€ | 2,5 M€ | 2,2 M€ | 2,0 M€ |
| Cash and bank | 1,1 M€ | 489 t€ | 897 t€ | 1,2 M€ | 796 t€ | 1,1 M€ |
Balance sheet
Balance sheet totalEquityCash
Income statement and balance sheet
Income statement
| 31.1.2026 | 31.1.2025 | 31.1.2024 | 31.1.2023 | 31.1.2022 | 31.1.2021 | |
|---|---|---|---|---|---|---|
| Gross profit or loss | 5,3 M€ | 5,1 M€ | 4,6 M€ | 4,9 M€ | 4,1 M€ | 4,2 M€ |
| Personnel expenses | 3,0 M€ | -3,1 M€ | -2,6 M€ | -3,0 M€ | -2,6 M€ | -2,4 M€ |
| Depreciations and reductions in value | 682 t€ | -1,2 M€ | -1,1 M€ | -741 t€ | -833 t€ | -691 t€ |
| Other operating expenses | 576 t€ | -550 t€ | -521 t€ | -492 t€ | -425 t€ | -371 t€ |
| Operating profit (loss) | 1,0 M€ | 215 t€ | 373 t€ | 685 t€ | 322 t€ | 718 t€ |
| Financial income and expenses + (-) | 2 703 € | 82 € | -4 154 € | -15 t€ | -8 141 € | -12 t€ |
| Profit (loss) before appropriations and taxes | 1,0 M€ | 215 t€ | 369 t€ | 670 t€ | 314 t€ | 706 t€ |
| Income taxes | 205 t€ | -44 t€ | -74 t€ | -134 t€ | -64 t€ | -142 t€ |
| Profit (loss) for the financial year | 821 t€ | 172 t€ | 295 t€ | 536 t€ | 250 t€ | 564 t€ |
Balance sheet
| 31.1.2026 | 31.1.2025 | 31.1.2024 | 31.1.2023 | 31.1.2022 | 31.1.2021 | |
|---|---|---|---|---|---|---|
| Non-current assets | 2,6 M€ | 1,9 M€ | 1,9 M€ | 1,7 M€ | 1,9 M€ | 2,1 M€ |
| Stocks | 156 t€ | 113 t€ | 142 t€ | 126 t€ | 48 t€ | 70 t€ |
| Receivables | 2,0 M€ | 1,6 M€ | 1,5 M€ | 1,6 M€ | 1,3 M€ | 986 t€ |
| Cash in hand and at banks | 1,1 M€ | 489 t€ | 897 t€ | 1,2 M€ | 796 t€ | 1,1 M€ |
| Current assets | 3,2 M€ | 2,2 M€ | 2,5 M€ | 2,9 M€ | 2,3 M€ | 2,2 M€ |
| Assets | 5,9 M€ | 4,2 M€ | 4,4 M€ | 4,7 M€ | 4,1 M€ | 4,2 M€ |
| Share capital or other similar capital | 17 t€ | 17 t€ | 17 t€ | 17 t€ | 17 t€ | 17 t€ |
| Capital and reserves | 3,2 M€ | 2,6 M€ | 2,7 M€ | 2,5 M€ | 2,2 M€ | 2,0 M€ |
| Long-term liabilities | 473 t€ | 0 € | 0 € | 13 t€ | 162 t€ | 325 t€ |
| Short-term liabilities | 2,2 M€ | 1,5 M€ | 1,7 M€ | 2,1 M€ | 1,8 M€ | 1,8 M€ |
| Liabilities | 2,6 M€ | 1,5 M€ | 1,7 M€ | 2,1 M€ | 1,9 M€ | 2,2 M€ |
All financial statement items (53)
| 31.1.2026 | 31.1.2025 | 31.1.2024 | 31.1.2023 | 31.1.2022 | 31.1.2021 | |
|---|---|---|---|---|---|---|
| Gross profit or loss | 5,3 M€ | 5,1 M€ | 4,6 M€ | 4,9 M€ | 4,1 M€ | 4,2 M€ |
| Personnel expenses | 3,0 M€ | -3,1 M€ | -2,6 M€ | -3,0 M€ | -2,6 M€ | -2,4 M€ |
| Depreciations and reductions in value | 682 t€ | -1,2 M€ | -1,1 M€ | -741 t€ | -833 t€ | -691 t€ |
| Other operating expenses | 576 t€ | -550 t€ | -521 t€ | -492 t€ | -425 t€ | -371 t€ |
| Operating profit (loss) | 1,0 M€ | 215 t€ | 373 t€ | 685 t€ | 322 t€ | 718 t€ |
| Financial income and expenses + (-) | 2 703 € | 82 € | -4 154 € | -15 t€ | -8 141 € | -12 t€ |
| Profit (loss) before appropriations and taxes | 1,0 M€ | 215 t€ | 369 t€ | 670 t€ | 314 t€ | 706 t€ |
| Income taxes | 205 t€ | -44 t€ | -74 t€ | -134 t€ | -64 t€ | -142 t€ |
| Profit (loss) for the financial year | 821 t€ | 172 t€ | 295 t€ | 536 t€ | 250 t€ | 564 t€ |
| Non-current assets | 2,6 M€ | 1,9 M€ | 1,9 M€ | 1,7 M€ | 1,9 M€ | 2,1 M€ |
| Stocks | 156 t€ | 113 t€ | 142 t€ | 126 t€ | 48 t€ | 70 t€ |
| Receivables | 2,0 M€ | 1,6 M€ | 1,5 M€ | 1,6 M€ | 1,3 M€ | 986 t€ |
| Cash in hand and at banks | 1,1 M€ | 489 t€ | 897 t€ | 1,2 M€ | 796 t€ | 1,1 M€ |
| Current assets | 3,2 M€ | 2,2 M€ | 2,5 M€ | 2,9 M€ | 2,3 M€ | 2,2 M€ |
| Assets | 5,9 M€ | 4,2 M€ | 4,4 M€ | 4,7 M€ | 4,1 M€ | 4,2 M€ |
| Share capital or other similar capital | 17 t€ | 17 t€ | 17 t€ | 17 t€ | 17 t€ | 17 t€ |
| Capital and reserves | 3,2 M€ | 2,6 M€ | 2,7 M€ | 2,5 M€ | 2,2 M€ | 2,0 M€ |
| Long-term liabilities | 473 t€ | 0 € | 0 € | 13 t€ | 162 t€ | 325 t€ |
| Short-term liabilities | 2,2 M€ | 1,5 M€ | 1,7 M€ | 2,1 M€ | 1,8 M€ | 1,8 M€ |
| Liabilities | 2,6 M€ | 1,5 M€ | 1,7 M€ | 2,1 M€ | 1,9 M€ | 2,2 M€ |
| Long-term accounts payable | 473 t€ | 0 € | 0 € | 13 t€ | 162 t€ | 325 t€ |
| Goodwill | 0 € | 1 600 € | 3 200 € | 4 800 € | 6 400 € | 8 000 € |
| Wages and salaries | 2,5 M€ | -2,6 M€ | -2,1 M€ | -2,5 M€ | -2,1 M€ | -1,9 M€ |
| Long-term loan receivables | 13 t€ | 8 300 € | 9 050 € | 0 € | 55 t€ | 55 t€ |
| Shares and holdings | – | – | – | 0 € | 100 t€ | 0 € |
| Advance payments and construction in progress | 601 t€ | 224 t€ | 190 t€ | 176 t€ | 167 t€ | 262 t€ |
| Short-term loan receivables | 1 401 € | 2 700 € | 2 700 € | 0 € | – | – |
| Land and water areas, Owned | 802 € | 802 € | 802 € | 802 € | 802 € | 802 € |
| Other current liabilities | 460 t€ | 271 t€ | 293 t€ | 247 t€ | 303 t€ | 176 t€ |
| Other shares, financial securities | – | – | – | 0 € | 100 t€ | 0 € |
| Intangible assets | 0 € | 1 685 € | 3 285 € | 4 885 € | 6 485 € | 8 085 € |
| Intangible rights | 0 € | 85 € | 85 € | 85 € | 85 € | 85 € |
| Other long-term receivables | 41 t€ | 54 t€ | 16 t€ | 17 t€ | 17 t€ | 16 t€ |
| Tangible assets | 2,6 M€ | 1,9 M€ | 1,9 M€ | 1,7 M€ | 1,8 M€ | 2,0 M€ |
| Long-term receivables | 54 t€ | 62 t€ | 25 t€ | 17 t€ | 72 t€ | 71 t€ |
| Other interest and financial income from non-group companies | 2 431 € | 1 159 € | 35 € | 92 € | 1 € | 28 € |
| Depreciations according to plan | 682 t€ | -1,2 M€ | -1,1 M€ | -741 t€ | -833 t€ | -691 t€ |
| Other shares and similar rights of ownership | 1 034 € | 1 034 € | 1 034 € | 1 034 € | 1 034 € | 1 034 € |
| Other short-term receivables | 813 € | 1 591 € | 0 € | 0 € | 17 t€ | 0 € |
| Short-term receivables | 1,9 M€ | 1,6 M€ | 1,4 M€ | 1,6 M€ | 1,2 M€ | 914 t€ |
| Short-term accounts payable | 1,1 M€ | 804 t€ | 997 t€ | 1,2 M€ | 929 t€ | 1,1 M€ |
| Other social security expenses | 86 t€ | -92 t€ | -84 t€ | -72 t€ | -115 t€ | -125 t€ |
| Liabilities | 5,9 M€ | 4,2 M€ | 4,4 M€ | 4,7 M€ | 4,1 M€ | 4,2 M€ |
| Pension expenses | 430 t€ | -445 t€ | -403 t€ | -458 t€ | -364 t€ | -314 t€ |
| Short-term sales receivables | 1,8 M€ | 1,4 M€ | 1,3 M€ | 1,4 M€ | 1,0 M€ | 817 t€ |
| Interest expenses and other financial expenses for non-Group companies | 5 135 € | -1 078 € | -4 188 € | -15 t€ | -8 142 € | -12 t€ |
| Materials and supplies | 156 t€ | 113 t€ | 142 t€ | 126 t€ | 48 t€ | 70 t€ |
| Investments | 1 034 € | 1 034 € | 1 034 € | 1 034 € | 1 034 € | 1 034 € |
| Profit (loss) for the period, equity | 821 t€ | 172 t€ | 295 t€ | 536 t€ | 250 t€ | 564 t€ |
| Short-term prepayments and accrued income | 169 t€ | 167 t€ | 125 t€ | 156 t€ | 188 t€ | 97 t€ |
| Short-term accrued expenses and deferred income | 597 t€ | 463 t€ | 416 t€ | 671 t€ | 541 t€ | 577 t€ |
| Machinery and equipment | 2,0 M€ | 1,7 M€ | 1,7 M€ | 1,5 M€ | 1,7 M€ | 1,8 M€ |
| Retained earnings | 2,4 M€ | 2,4 M€ | 2,4 M€ | 2,0 M€ | 1,9 M€ | 1,5 M€ |
From financial statements filed digitally (XBRL) with the Finnish Patent and Registration Office; ratios calculated from them. Equity ratio = (equity + accumulated appropriations) / (balance sheet total − advances received).
Taxes
Measured by taxable income, Kari Malmstedt Oy is in the top 10 % of the industry class freight transport by road (2782 companies with taxable income; median 34 t€, 11 times the median).
Taxable income is the profit as calculated for taxation, not revenue. Public data from the Finnish Tax Administration; figures for 2025 are published in November 2026.
Sales to public buyers
Largest buyers
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