Cityvarasto Oy

Cityvarasto, the largest self storage company in Finland, broadens its shareholder base for future listing on the Nasdaq Helsinki First North.

  • Stage $3M in TTM Revenue
  • Industry Real Estate
  • Location Helsinki, Finland
  • Currency EUR
  • Founded 1999
  • Employees 38
  • Website cityvarasto.fi

Company Summary

Founded in 1999, Cityvarasto has grown into the leader of the self storage sector in Finland with 23 storage facilities (50 000 sq m). We operate nationwide in 12 major cities and employ almost 40 people. In 2014 our revenue was 4 mil € and EBITDA over 1.2 mil € or 31%.

We grow mainly by buying real estate properties, converting them into modern self storage hotels. When the occupancy of a facility reaches 80%, the EBITDA is about 50%.

Team

  • Matti Heiskanen, M.Sc. (Tech)
    CFO and Co-Founder

    Matti deals with financial matters, analyses, construction planning and management. Matti has more than 15 years' experience in construction planning and financial accounting.

  • Pirjo Onza
    Sales and Marketing Director

    Pirjo manages national sales and marketing. Pirjo has more than 10 years' experience in management and marketing.

  • Ville Stenroos
    CEO and Co-Founder

    Ville leads Cityvarasto with a strong vision. Ville has grown the company by real estate and business acquisitions, and by managing financial resources. All these have resulted in a growing revenue and EBITDA annually for the last 15 years. Ville has 20 years' experience as an entrepreneur.

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