Strategy implementation 2015

In 2015, VVO implemented the following strategic priorities:

Increasing supply and shareholders’ value

  • There were 1,189 apartments under construction.
  • Gross investments totalled EUR 235.0 million.
  • Property and housing stock renovation and repairs amounted to EUR 92.3 million.
  • Operational efficiency increased.
  • Divestments were made according to plan.
  • IFRS reporting was launched in the first quarter of 2015.
  • VVO Group declared that, in the future, it will focus on market-based operations and announced the transfer of 8,631 cost principle, state-subsidised ARA rental apartments to Y-Asunnot.

The best solutions for rental housing and a good customer experience

  • The Lumo apartment rental service gave the customers the freedom to choose the rental apartment they want, sign the tenancy agreement online and move in even immediately.
  • The Lumo service concepts were expanded: for instance, car sharing was introduced in several locations.
  • Electronic services for customers were increased, and, for instance, it became possible to book parking spaces online.
  • Nearly 90 per cent of customers would recommend VVO Group as a landlord.

Sustainable operations and efficient operating models

  • The housing advisory service went nationwide.
  • Competitive bids created economies of scale.
  • Energy was used wisely without compromising on residents’ comfort and living conditions.
  • As part of the development of climate-friendly housing solutions, VVO Group plc joined the Climate Leadership Council.

A pioneer in rental housing

  • VVO Group issued its housing policy theses.
  • The innovative Lumo housing services were developed further, and Lumo introduced an entirely new service concept to customers.

A competent and attractive company

  • Employee satisfaction was at a high level.
  • The Group was successful in the Responsible Summer Job campaign and was recognised as one of Finland’s most inspiring places to work in the Suomen innostavimmat työpaikat assessment.
  • For the first time in its history, the Group participated in the Great Place to Work survey and management practices audit.

© VVO Group plc 2015 | Material bank