SATO Corporation's Financial Statements and the Report of the Board of Directors for 2016 published
2 February 2017
SATO Corporation, Annual Financial Report, 2nd Feb 2017 at 9:20 am
SATO Corporation has today published Financial Statements and the Report of the Board of Directors for 2016 as well as the Corporate Governance Statement 2016.
The publications are attached to this release and are found at the company website, www.sato.fi
Saku Sipola, President & CEO, tel. +358 201 34 4001
Markku Honkasalo, CFO, tel. +358 201 34 4226
NASDAQ OMX, essential media, www.sato.fi
SATO is one of Finland's leading rental housing providers. SATO's aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. SATO holds roughly 25,300 apartments in Finland's largest growth centres and in St Petersburg.
In our operations, we promote sustainable development and initiative-taking, and work in open interaction with our stakeholders to create added value. We operate profitably and with a long-term view. We increase the value of our housing property through investments, divestments and repair work.
SATO Group's net sales in 2016 were €318.0 million, operating profit €267.2 million and profit before taxes €219.4 million. SATO's investment properties have a value of roughly €3.4 billion.