REG1VNasdaq HelsinkiMedical DevicesIFRS · EUR

Revenio Group Oyj

Revenio Group Oyj is a Finnish company specializing in comprehensive eye care diagnostic solutions. It operates internationally, providing fast, user-friendly, and reliable tools for diagnosing glaucoma, diabetic retinopathy, and macular degeneration. The company's product portfolio includes iCare-branded tonometers, fundus imaging devices, perimeters, and software solutions. Revenio is listed on Nasdaq Helsinki and reported a revenue of €109.7 million in 2025.

Revenue110m EUR
+6.0 %y/y
Operating profit (EBIT)25.4m EUR
+1.4 %y/y
EBIT margin23.2%
−1.0 ppy/y
Net income17.4m EUR
−5.9 %y/y
Free cash flow29.1m EUR
+28.3 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

0255075100125m EUR2021: 79 m EUR2021: EBIT 22 m EUR20212022: 97 m EUR2022: EBIT 30 m EUR20222023: 97 m EUR2023: EBIT 26 m EUR20232024: 104 m EUR2024: EBIT 25 m EUR20242025: 110 m EUR2025: EBIT 25 m EUR2025TTM 2026: 124 m EURTTM 2026: EBIT 18 m EURTTM12418
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Tonometers40 %

Devices for measuring eye pressure, primarily for glaucoma screening.

Fundus Imaging Devices30 %

Equipment for capturing detailed images of the retina and optic nerve.

Perimeters15 %

Instruments for assessing visual fields and detecting abnormalities.

Software Solutions15 %

Diagnostic software for eye care professionals.

Customers

Revenio's primary customers include ophthalmologists, optometrists, and eye care clinics worldwide. These professionals rely on Revenio's diagnostic tools for accurate and efficient eye disease screening and management. The company's products are also used in hospitals and research institutions for advanced eye health diagnostics. Additionally, Revenio serves the veterinary market with specialized tonometers for animal eye care.

Ophthalmologists

Purchase tonometers and imaging devices for glaucoma and retinal diagnostics.

Optometrists

Use diagnostic tools for routine eye exams and disease management.

Eye Care Clinics

Implement integrated solutions for comprehensive patient care.

Veterinary Professionals

Utilize specialized tonometers for animal eye health.

Strategy

Revenio's strategic priorities focus on enhancing clinical diagnostics through targeted product innovations and optimizing clinical pathways with integrated solutions. The company emphasizes customer-centric operations and sales, alongside continuous development of its workforce and culture. Revenio aims to sustain profitable growth by leveraging structural growth drivers in the eye care industry and maintaining high entry barriers for competitors.

Product InnovationMedium term

To improve diagnostic accuracy and efficiency.

Integrated SolutionsLong term

To streamline clinical pathways and enhance patient care.

Customer-Centric OperationsShort term

To enhance customer satisfaction and loyalty.

Geography

Q4/2025

Revenio operates globally, with a significant presence in the USA, which accounts for 48.3% of its revenue. The company also has a strong market in EMEA, LATAM, and Canada, contributing 33.7% of its revenue. The APAC region represents 16.4% of its sales, while Finland accounts for 1.6%. This diverse geographic footprint helps mitigate regional economic fluctuations and supports growth opportunities in emerging markets.

United States48 %
EMEA, LATAM and Canada34 %
Asia Pacific16 %
Finland1.6 %

Share of the revenue the company reports by geography.

Risks

Revenio faces several risks, including intense competition, technological advancements by competitors, and the need for successful commercialization of new technologies. The company is also exposed to geopolitical risks, particularly in regions like China, and operational risks related to supply chain disruptions. Additionally, currency fluctuations, especially between the euro and the dollar, can impact financial performance. Cybersecurity threats pose a risk to business continuity and reputation.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Cybersecurity threats1Technological competition2Geopolitical risks3Currency fluctuations4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Cybersecurity threatsImpact: CriticalLikelihood: Medium

    Potential impact on operations and reputation.

  2. Technological competitionImpact: HighLikelihood: Medium

    Competitors' advancements could impact market position.

  3. Geopolitical risksImpact: HighLikelihood: Low

    Exposure to unstable regions like China.

  4. Currency fluctuationsImpact: MediumLikelihood: Medium

    Impact on revenue due to euro-dollar exchange rate changes.

Accounting

Judgemental items
Currency Fluctuations

Affects reported revenue and financial comparisons.

Impact: high

Revenue Recognition Timing

Crucial for accurate quarterly performance comparisons.

Impact: medium

Development Expense Impairment

Risk if commercialization projects do not succeed.

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026