Financial statements 2015: Year of growth and renewal

17.03.2016

Review of 2015: Students graduated at record speed

Metropolia, Finland´s largest university of applied sciences, had 16,454 students in 2015. Measured by the number applicants, were were the largest university of applied sciences, and third in terms of attractiveness. Metropolia offered 65 degree programmes in 2015, of which 13 were taught in English.

Students completed their degrees at record speed, with the number of degrees completed increasing by over 7 percent from 2014. The number of students graduating with a Bachelor´s degree was 2,544, which was higher than the year before. The number of graduates completing a Master´s degree, 327, was also up. The number of students to complete 55 credit points per academic year reached an all-time record, as the target set for 2015 was exceeded by almost 500 students.

External funding for research, development and innovation was lower than the year before. This development corresponds to the decreasing trend experienced throughout Finland. The largest sources of funding continue to be Tekes and the EU. Metropolia´s special strength in RDI activities is in the way that they are integrated with education, and Metropolia´s some 1,000 student-oriented innovation projects carried out a year with cooperation partners being a case in point.

During 2015, Metropolia launched the MCreO (Metropolia’s Creative Opportunities) brand. MCreO sells training, research, consultation, testing, ICT, premise and other services under business principles. Metropolia was taking firm action to launch education exports.

During election year 2015, Metropolia met with a range of stakeholders: trade unions, employers´ organisations and associations. Our lobbying can be said to have helped to retain the dual model for higher education in the government programme.

The campus project, which is important both in terms of renewing Metropolia´s operations and sustainable financing, proceeded according to timetable, with transfer to the four-campus system taking place between 2017 and 2019. Operations will be transferred in stages to Arabianranta and Myllypuro in Helsinki, Leppävaara in Espoo and Myyrmäki in Vantaa.

Metropolia employed 1,049 persons under a full-time contract, with lecturers accounting for 64 percent.

Outlook for the years ahead: focusing on core issues, renewal and seeking growth

”We have been living in challenging times especially because of major cuts in government funding. We have been forced to make some tough decisions, but we have always kept our eyes firmly in what lies ahead, being confident that we will come out fine in the end,” says Managing Director and President Riitta Konkola.

In order to support working life, regional development and economic structures, Metropolia is working together with Haaga-Helia and Laurea, among others. ”Our joint objective is to ensure that the capital region continues to have strong, international and high-quality universities of applied sciences that have focused on operations that can clearly be expected to bring out results that benefit everyone and have positive effects on a wide spectrum on higher education and society at large”, says Konkola. The strategic cooperation agreement with Aalto University is another way of strengthening expertise in the region.

Metropolia´s strategy for 2017–2020 was created in cooperation with the staff, students and stakeholders. It profiles Metropolia to focus – in accordance with its strengths – on key issues, which are:

  • high-quality learning and working life development
  • renewal, supported by changes in our operating culture; the tighter campus structure that is on its way; and digitalisation
  • seeking of new growth through business and international RDI operations.

Positive financial result

  • The result for 2014 showed a profit of EUR 418,619.03, representing 0.4 percent of the turnover.
  • Metropolia´s turnover and other operating income totalled EUR 100.7 million. Income reduced on the previous year by 8.3 percent and were realised at 2.6 percent below the budget.
  • Operating expenses totalled EUR 102 million, down by 4.9 percent on the previous year.
  • Personnel expenses were EUR 69.6 million, being 3 percent lower than the year before. Personnel expenses represented 69.3 percent of turnover.
  • Capital expenditures during the year under review totalled EUR 4.9 million, being 10 percent lower than budgeted.
  • Depreciation was also lower than budgeted, by 9.3 percent.
  • At year-end, Metropolia´s financial situation and liquidity were good.

Additional information

  • Riitta Konkola, Managing Director, President, tel. +358 9 7424 5003
  • Jorma Uusitalo, Director, Finance and Administration, tel. +358 9 7424 5008

firstname.surname@metropolia.fi


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