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 Lumo kotinyt.fi 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.

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.

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

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.

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