BOREONasdaq HelsinkiElectronics & Computer DistributionIFRS · EUR

Boreo Oyj

Boreo is a company listed on the Helsinki Stock Exchange that creates value by owning, acquiring, and developing small and medium-sized enterprises over the long term. It operates through two main business areas: Electronics and Technical Trade. Boreo's business model focuses on acquiring entrepreneurial companies that are profitable and generate high returns on capital, with a strategy of reinvesting cash flows into its subsidiaries or new acquisitions. The company's headquarters is located in Vantaa, Finland, and it employs over 300 people across seven countries.

Revenue153m EUR
+14.4 %y/y
Operating profit (EBIT)6.7m EUR
+63.4 %y/y
EBIT margin4.4%
+1.3 ppy/y
Net income3.9m EUR
+225.0 %y/y
Free cash flow5.5m EUR
−46.1 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

050100150200m EUR2021: 122 m EUR2021: EBIT 5.8 m EUR20212022: 160 m EUR2022: EBIT 6.5 m EUR20222023: 161 m EUR2023: EBIT 6.3 m EUR20232024: 134 m EUR2024: EBIT 4.1 m EUR20242025: 153 m EUR2025: EBIT 6.7 m EUR2025TTM 2026: 164 m EURTTM 2026: EBIT 5.3 m EURTTM1645.3
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Electronics50 %

Includes distribution of electronic components and systems.

Technical Trade50 %

Involves distribution and services in technical products and solutions.

Customers

Boreo serves a diverse range of customers through its subsidiaries, focusing on small and medium-sized enterprises that require specialized distribution and technical trade services. The company targets entrepreneurial businesses that are profitable and capable of generating sustainable cash flows. Boreo's decentralized organizational model emphasizes local responsibility and an entrepreneurial approach, which appeals to businesses looking for long-term partnerships. The company's customer base is spread across multiple countries, benefiting from Boreo's strategic acquisitions and reinvestment in high-return opportunities.

SMEs

Require specialized distribution and technical trade services.

Entrepreneurial Companies

Seek long-term ownership and development support.

Strategy

Boreo's strategic priorities focus on sustainable long-term profit growth through the acquisition and development of profitable, high-return entrepreneurial companies. The company reinvests cash flows into its subsidiaries or new acquisitions, aiming to enhance its portfolio's value. Boreo emphasizes a decentralized organizational model that supports local responsibility and entrepreneurial spirit. This strategy is designed to ensure the sustainable growth of its subsidiaries and the development of its workforce.

Sustainable long-term profit growthLong term

To enhance portfolio value and ensure business longevity.

Geography

Q4/2025

Boreo operates in seven countries, with its headquarters located in Vantaa, Finland. The company has expanded its geographic presence through strategic acquisitions, such as the purchase of Elfa Distrelec's sales operations in Finland, Latvia, Estonia, and Lithuania. Boreo's decentralized model allows for local responsibility, which is crucial for its operations across different regions. The company's geographic diversification helps mitigate risks associated with market fluctuations in any single country.

Finland70 %
Sweden16 %
Baltic States13 %
Muut alueet1.5 %

Share of the revenue the company reports by geography.

Risks

Boreo faces several risks, including the cyclical and project-based nature of its business operations, which are sensitive to economic fluctuations. The company's reliance on key supplier relationships poses a risk if a major supplier is lost or underperforms. Additionally, Boreo's decentralized model requires effective local management to mitigate risks associated with regional market conditions. The company's financial performance is also subject to changes in demand and pricing pressures in its distribution and technical trade segments.

Sorted by severity
Cyclical business operationsHigh

Sensitive to economic fluctuations.

Reliance on key suppliersHigh

Loss or underperformance of a supplier could impact revenue.

Accounting

Judgemental items
Revenue recognition

Timing affects reported revenue and cash flow.

Lease accounting

Impacts reported liabilities and assets.

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Boreo Oyj (BOREO) Revenue, Earnings & Financials 2025 – Clarifo