Patria reports record EUR 825.7 million in net sales for 2024, approves dividend at annual general meeting

By Defence Industry Europe

Patria Oyj held its Annual General Meeting on 7 April 2025, where the Consolidated Financial Statements for the financial year ending 31 December 2024 were approved. The company reported net sales of EUR 825.7 million, an increase from EUR 733.8 million in 2023.

 

Of the total net sales, 37% was generated from outside Finland, up from 34% the previous year. Patria’s operating profit rose to EUR 81.8 million, compared to EUR 68.9 million in 2023.

The Group’s consolidated income before taxes amounted to EUR 70.8 million, an increase from EUR 64.0 million in the previous year. Return on equity also improved, reaching 19.7%, up from 18.6%.

 

 

The Annual General Meeting decided to discharge the members of the Board of Directors and the President and CEO from liability for the 2024 financial period. In addition, the meeting approved the Board’s proposal to distribute a dividend of EUR 1.15 per share to the State of Finland and Kongsberg Defence & Aerospace AS, amounting to a total of EUR 32,018,172.35.

 

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