In accordance with our operating principles, the emphasis of our economic responsibility is on strong solvency and profitable growth. Strong solvency and profitable growth enable the sustainable development of our business and the well-being of our personnel.
Strong solvency and profitable growth
Enables long-term commitment to employee well-being and increases social welfare through taxes and other investments for the public good.
Responsible ownership
Berner Ltd is a family-owned company that has contributed to the development of Finnish society throughout its existence. We are committed to keeping it this way.
We seek stable international growth while keeping our ownership and decision-making firmly rooted in Finland.
Tax footprint in the home market
Berner’s operations generate economic well-being for several stakeholders. It is a matter of honor for us to invest in Finland and pay our taxes in Finland and in our home market.
Throughout its existence, Berner has focused on investments in its home market in addition to international growth. Our operations generate economic well-being for several stakeholders. Suppliers, personnel, shareholders, and society all receive their share of the cash flow from Berner’s business operations.
Distribution of economic value and tax footprint
| (EUR 1000) Parent company | (EUR 1000) Group |
|
|---|---|---|
| Turnover, other operating income and financial income | 224 539 | 319 139 |
| Suppliers: Materials and services | 150 295 | 226 231 |
| Other partners: Other operating expenses and investments | 43 472 | 48 418 |
| Staff: Salaries and fees | 18 753 | 24 248 |
| Shareholders and financiers: Dividends and financial costs | 6 726 | 6 818 |
| Society: Taxes, pensions and social security costs | 32 084 | 42 316 |
In 2017, Berner Ltd paid bonuses and shares of profits under a revised scheme to a total of 325 people, for a total amount of approximately MEUR 1.2.
Berner Ltd established a new investment company, Berfin Ltd
Berner Ltd’s Board of Directors and General Meeting resolved in July 2017 to establish an investment company. The properties owned by Berner Ltd and the related development and leasing operations were transferred to the newly established Berfin Ltd on January 1, 2018. The aim is to expand Berfin Ltd’s investment activities to include other investments in the future.
The new ownership structure serves the business needs of the entire Group as it moves to expand its property-related business and other investment activities. The Chairman of Berfin Ltd’s Board of Directors is George Berner.