Two children are balancing on top of a huge fallen tree trunk in a forest

Annual reports

VTT is a Finnish non-profit limited liability company owned by the state. The company falls within the mandate of the Ministry of Employment and the Economy. According to the law VTT is an independent and impartial research organisation. We operate as a research, development and innovation partner to help the society and companies to grow through technological innovations. In our annual reports, we describe how we have achieved our targets each year. In addition, you can learn about our activities in the annexes Tax footprint, management and control, and Financial statement (in Finnish, we are sorry!). The salary and remuneration report has been part of the Tax footprint, management and control annex since 2018.

VTT's year 2019: Greetings from the President & CEO

The year 2019 was a good year for VTT, proving that the path we have chosen for our research and innovation work is the right one. Already in 2016, we made the tackling of global challenges – such as climate change and the sufficiency of natural resources – the starting point for our strategy. This strategy has proved to be timely. The public debate is strongly demanding rapid climate actions as well as industrial and social renewal aimed at promoting sustainability. To achieve this, practical scientific innovations are essential.

Antti Vasara
President & CEO

Click here to read the full greetings from Antti Vasara
Photo of VTT's CEO Antti Vasara looking down at the camera from a winding staircase

VTT's annual report 2019

Annual report 2019 (pdf)
Tax footprint, management and control 2019 (pdf)
Financial statement 2019 (pdf, in Finnish)

VTT's annual report 2018

VTT Review 2017

VTT Review 2016

VTT Review 2015

VTT Review 2014

VTT Review 2013

VTT Review 2012

VTT Review 2011