Is this where it begins?
Self-storage units and van rental company Cityvarasto plans to list on Nasdaq’s First North trading venue.
According to the company’s co-founder and CEO Ville Stenroos, the planned listing seeks capital for expansion and the opportunity to make acquisitions with its own shares.
The company’s goal is to grow from the current 75 locations to one hundred locations by 2029. In terms of financial figures, the goal is 12 percent annual growth in revenue and an operating margin of over 50 percent.
Cityvarasto was founded in 1999. According to Stenroos, the company’s business has grown at an annual rate of approximately 20 percent for the past ten years. Last year, revenue was 22.4 million euros and the operating margin was 10 million euros.
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