Value creation

Input and resources (internal + external)

Financial capital

  • Equity EUR 1,860 million
  • Liabilities, financial risk management
  • Fair value EUR 4.3 billion

Production capital

  • 34,974 apartments
  • Property portfolio 2.0 million dwelling m²
  • Plot reserve 125,000 floor m²
  • Investments exceeding EUR 696 million

Human resources and competence capital

  • Committed personnel
  • Training input
  • Input related to well-being in the workplace

Intangible capital

  • Customer relationships, cooperation with residents
  • Customer and consumer information, product development, brand​s
  • Ways of working that create market differentiation, such as Lumo Home Centres and Lumo kotinyt.fi

Relationship capital, structural

  • Reliable partner network
  • Cooperation with authorities
  • Cooperation with the sector and other organisations

Natural resources

  • Consumption of heating energy 310 GWh
  • Nearly 100 % of properties uses district heating
  • Water consumption 3.1 Mm³
  • Electricity consumption 42.4 GWh, carbon-neutral energy for property electricity
  • Waste treatment efficiency improvements and pilot projects

Business model


Output

  • 649 new homes
  • 312 renovated homes

Effects on stakeholders

  • Extending range of rental apartments in good condition
  • Safe tenancies
  • Taxes
  • Anti-grey economy work
  • Dividends

Output

  • 13,484 new tenancy agreements, of which 1,116 internal transfers
  • 32 969  tenancies
  • New services
  • New concepts
  • Tenant events and activities

Effects on stakeholders

  • Smooth customer experience, easy everyday life
  • Transparency, support for the sense of community
  • Good place to work
  • Indirect employment effect, 5,111 person-years
  • Reliability when placing orders

Output

  • CO² emissions 49,000 tonnes
  • Waste

Effects on stakeholders

  • Minimisation of energy consumption and emissions
  • Reduction of landfill waste
 

 

 

 

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