Granlund's strong growth continued – 200 new employees during the year

Granlund’s strong growth continued – 200 new employees during the year

11.2.2026 – Granlund achieved nearly 19% growth despite the continued challenging market conditions in the real estate and construction sector. Several acquisitions were completed across different design disciplines, project management, and software.

Themes

Granlund Group

The Granlund Group, which focuses on design and consulting, achieved its targeted growth of nearly 19% in 2025. The Group’s net sales in 2025 was EUR 180.7 million (EUR 152.1 million). EBITDA was EUR 24.2 million (EUR 20.4 million), and operational profit EUR 15,9 million (EUR 14.4 million)*. In addition to organic growth, revenue was boosted by seven acquisitions completed during the year. The acquisitions spanned MEP design, architectural and structural design, construction management, and software business.

Data centers became Granlund’s largest business area, employing experts from multiple disciplines. The design and consulting businesses remained stable, while construction management and software continued to grow. The newer business areas architectural and structural design also expanded strongly.

Data centers, retail and public-sector projects in particular provided a solid workload. Renovation construction also remained at a reasonable level.
Pekka Metsi, CEO, Granlund Oy

“The real estate and construction sector remained challenging, and the market situation also affected Granlund. However, we were able to compensate for the difficulties quite well through our areas of strength. Data centers, retail and public-sector projects in particular provided a solid workload. Renovation construction also remained at a reasonable level,” says Granlund’s CEO Pekka Metsi.

Employee satisfaction remained at a high level

Throughout the year, Granlund hired new experts, ranging from young trainees to experienced professionals. More than 200 new employment relationships began during the year, including both new recruits and employees who joined through acquisitions. At the end of the year, Granlund had 1,730 employees (1,545). The employee satisfaction index remained at an excellent level throughout the year.

“We invest strongly in employee wellbeing, which has been reflected year after year in our high satisfaction scores. Expertise is at the core of our operations, so the wellbeing and motivation of our people form a crucial foundation for development and growth,” Metsi notes.

We invest strongly in employee wellbeing, which has been reflected year after year in our high satisfaction scores.
Pekka Metsi, CEO, Granlund Oy

Granlund Group staff in the end of the year 2023-2025

Aiming for strong international growth

Granlund also updated its strategy during the year, aiming for growth both in Finland and internationally. In its most ambitious scenario, the goal is to triple revenue by 2030. “We currently operate in Finland, Sweden, and the UK. We are actively seeking growth opportunities elsewhere in Northern Europe as well,” Metsi says.

In Sweden, the Group’s companies generated a total pro forma revenue of approximately EUR 17 million in 2025 (EUR 5.2 million in 2024). A significant share came from two acquisitions. Granlund now operates five companies in Sweden, with more than 100 experts across the country. The business focuses on design, project management, and construction management. “Our aim is to significantly strengthen our Swedish network in the near future and thereby achieve a strong market position in selected regions and segments,” Metsi says.

In Finland, growth will be sought especially from newer business areas. “Our target is to continue expanding architectural and structural design as well as construction management. MEP design remains our cornerstone, but we aim to become one of the largest players in Finland also in these newer areas,” Metsi explains.

Our target is to continue expanding architectural and structural design as well as construction management. MEP design remains our cornerstone, but we aim to become one of the largest players in Finland also in these newer areas.
Pekka Metsi, CEO, Granlund Oy

“For our customers, the expansion of our business areas brings new opportunities. Our service offering continues to grow, and our extensive regional network keeps us close to our clients. We are also investing strongly in development, particularly in advancing and adopting data-driven solutions,” Metsi adds.

Overview of Development and Business Operations

Innovation and development activities focused on the green digital transition. Key themes included productivity improvement and the development of data-driven business. For example, pilot projects related to the use of artificial intelligence were carried out with around 30 companies. Research and development investments corresponded to 6% of the Group’s annual revenue.

Granlund maintained its position as the market leader in MEP design in Finland. Workloads were driven especially by data centers and public-sector projects such as daycare centers, schools, and hospitals. Granlund performed best in tenders where quality was emphasised as a key criterion. Electrical design in the Helsinki region was strengthened through the acquisition of Stacon Oy. In Sweden MEP design was strengthened by the acquisition of Umeå Projekt Team AB (UPT).

Architectural design exceeded its revenue targets, and headcount rose to over 100. In Finland revenue doubled when Raami Arkkitehdit was merged into Granlund, and the acquisition of Kauto Nikulainen arkkitehdit Oy was completed in the autumn. In architectural design projects, the emphasis during the year was particularly on demanding healthcare and educational buildings, as well as industrial and data center projects.

Structural engineering now employs 80 experts, and operations have expanded to several locations. During the year, data center projects and renovation construction were the most prominent project types. The acquisition of NQE expanded operations to the Turku and Oulu regions in Finland.

Towards the end of the year, many property owners became more active, increasing transaction activity and boosting demand for condition assessments.

Consulting performed well considering the challenging market. Towards the end of the year, many property owners became more active, increasing transaction activity and boosting demand for condition assessments. Revenue grew in energy and sustainability consulting as well as in property management. The market position in sustainable construction remained solid. Demand focused on Due Diligence assessments, sustainability strategies, low-carbon roadmaps and information management services.

Software operations continued to develop positively. Granlund Manager further strengthened its position as the most widely used property management software in Finland, with successful sales also in Sweden, Denmark, and the Baltics. Future growth will come from digital solutions for project management, supported by the late‑year acquisition of Derigo Oy.

Construction management and supervision grew across nearly all areas. The service offering was developed especially for international projects, including data utilisation and procurement expertise. Granlund aims to become one of the three largest construction management companies in Finland. In Sweden construction management was opened as a new business area by the acquisition of Coordia Consult AB.

*The figures in this financial release are unaudited and therefore may be subject to adjustments.