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Largest Building Products Public Companies in Finland

Benchmark revenue and EBITDA valuation multiples for public comps like KONE and Tulikivi.

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Finland
Kone is a global top-four supplier of elevators and escalators. Kone began producing elevators in Finland in 1918 and today generates revenue in three ways: selling new elevators and escalators, modernizing old equipment, and servicing its installed base. Most of the company's profit comes from the last activity, where contracts are rolled over annually with built-in price increases. The bulk of Kone's business is in elevators, which are more numerous globally than escalators. Its business model is similar to its closest competitors Otis, Schindler, and TK Elevator.
$59
-7%
$31B
$31B
2.3x
15.6x
Finland
Tulikivi Oyj specializes in high-quality fireplaces, sauna heaters, and decorative stone products made from natural materials. Its factories are located in Juuka, Suomussalmi, and Heinavesi. Its product groups are fireplaces, Sauna, and Interior. In addition, it manufactures the modern, versatile heaters on the market for both wood and electric saunas. The group also provides decorative stone solutions for all areas of the home, including stone countertops, tiles, and mosaics. The geographical areas of the company include Finland, the Rest of Europe, and the USA.
$1
+20%
$40M
$48M
1.4x
20.1x
Median$30+7%$15B$16B1.9x17.9x

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