Review of the Chairman of the Board
A significant milestone for the Finnish educational system, and in particular the university of applied sciences system, was reached in 2015, when the new law governing and regulating UASs was finalised.
UASs had to start making some choices in earnest in order to be able to continue to operate in tighter financial conditions.
For Metropolia University of Applied Sciences Ltd, the aforementioned circumstances have required large-scale measures: we have revised our organisational structure and cut our operating expenses. Both these actions have been absolutely necessary for us to maintain our ability to meet the challenges of the future, which include intensified competition and a growing need to boost the efficiency of our operations as we compete for funding. Due to these reasons, 2014 was not an easy year for Metropolia. Matters fundamentally affecting the structures of large organisations are never easy to deal with. We are currently going through studies relating to the organisation as we deliberate on the future development of our operations.
Metropolia's financial result for 2014, however, was very good. We have always held the opinion that a healthy financial result and balance sheet give us the best possible means for surviving future challenges. A solid financial position also enables us to invest in various development projects whenever necessary. In addition, the development of Metropolia’s operating premises and the planning of the construction projects for the Myllypuro and Myyrmäki campuses proceeded according to their timetable.
I would like to extend my warmest thanks to the staff, the students and all of our partners for their efforts in 2014.
Chairman of the Board