Another comment on Jussi Halme’s video regarding Oriola’s investments: A significant portion of this year’s Q1 sum of EUR 7.7 million went towards the land area for the Järvenpää logistics center. The “lead time” (paistoaika) for this is long, and thus it also burdens the result slightly on an annual basis. If I understand correctly, during the construction phase of the logistics center, SEB Leasing pays the capital costs to the contractor according to the agreement, and Oriola is responsible for paying the interest on that capital to SEB. Then, once the project is completed, Oriola pays leasing rent for the building. This is what capital efficiency means. Therefore, hundreds of millions of Oriola’s own capital will not be tied up in the project.
How Oriola will operate two logistics centers in Finland simultaneously in 2027 will likely be a challenge for the company, not least from the perspective of IT systems.