Greetings from the President & CEO
The year 2018 was a good year for VTT. Thinking back to everything that the
year threw at us, I am proud to say that our customer work and research were
successful on many fronts.
We have focused our attention on global challenges that we seek to overcome in
order to have an impact and give benefits to our customers. Our goal is to be an agile and customer-centric service organisation.
Our chosen path has proven to be the right one. There are numerous examples of how our strategy helped to boost Finland’s competitiveness and our customers’
growth in 2018. One of the most notable recognitions for our work was the fact that the Finnish Government permanently increased our annual government grant
by EUR 7 million as of the year 2019.
President & CEO
Net turnover and other operating income
31 December 2018
Patent families on
31 December 2018
The figures are for the entire VTT Group. At the end of the financial year, VTT Group consisted of the parent company and three subsidiaries: VTT Memsfab Ltd, VTT Ventures Ltd and VTT International Ltd. VTT divested its commercial testing, inspection and certification service businesses VTT Expert Services Ltd and Labtium Ltd to Eurofins Scientific Group on 31 May 2018, as these kinds of commercial operations are not compatible with VTT’s strategic mission to promote innovation through science and technology. VTT Expert Services Ltd and Labtium Ltd are included in the consolidated figures until the day of the sale.
A challenge-driven approach and excellence in science and technology are at the core of our strategy. We help businesses to succeed in the face of current and future challenges and promote sustainable growth and wellbeing in society.
A challenge-driven approach means focusing on global challenges, understanding our customers’ needs and recognising their opportunities. We strive to turn challenges into opportunities for growth. This is how we make an impact.
Read more about VTT's strategy for the period 2016-2020 in the pdf version of the annual report
We help our customers and society to grow and regenerate through applied research. By solving global challenges, we are also building wellbeing for future generations.
Read more about VTT's impact in the pdf version of the annual report
Domestic private-sector customers*
Domestic and international
VTT’s net promoter
Percentage of customers who experienced a boost in knowledge and competence thanks to cooperation with VTT**
* Parent company
** The figures are based on an independent customer impact survey commissioned by VTT.
VTT's innovations enable Finland to continue living off the country's forests
Forests account for 78% of Finland’s area, but the materials for packaging, clothes and electronics are still extracted from the ground in the form of oil. VTT wanted to challenge the idea that the print media is the only commercially viable, high added value product that
can be sourced from the forest.
Read more about cellulose-based materials
* Source: IDTechEx report “Printed, Organic & Flexible Electronics Forecasts, Players & Opportunities 2017–2027”
Finland begins to industrialise printed intelligence under VTT's leadership
It all begins with the courage to have a vision. As expertise and technological potential grow, businesses have also begun to realise the possibilities presented by printed intelligence. Read more about industrialising printed intelligence
VTT creates a sixth sense for humanity
– hyperspectral imaging
It changes the way we see the world. In the future, we will be able to identify skin cancer, narcotics, pollution and crop ripeness with a hand-held hyperspectral camera and spectral sensors.
Read more about hyperspectral imaging
VTT’s raison d’être is to find answers to the big questions of our time. Being a good corporate citizen is therefore at the core of everything we
do and how we do it. Read more about VTT's corporate responsibility in the pdf version of the annual report