Wulff-Yhtiöt Oyj
Sector unknown·WUF1V · Nasdaq Helsinki·Fiscal year to 31/12/2025
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
M&A and consolidation
Macro
DriverNegative impact: weakens
“The sector has seen strong consolidation for several years. Larger players are increasing their market share and competition in the sector is intensifying.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“There are many small companies in the industry and it is consolidating.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Growth in line with the group’s strategy Acquisitions once again increased the size and customer base of Wulff Accounting. Four acquisitions were made during 2025: Hämeen TiliDiili Oy in January, Convido Ab Oy in February, Tilitoimisto Lahti Oy in July, and Tiliteema Oy in December.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The growth is accelerated by M&A, especially in Wulff’s accounting business.”
Annual report 2025A · The company itself
Digitalisation
Technology
DriverPositive impact: strengthens
“The operating environment, where organizations are challenged to change more and more rapidly as a result of changes in technology, competition, and customer behavior, increases the importance of consulting.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“The accounting firm sector, which is undergoing transformation, is developing driven by digitalization and automation. The accounting firm market is estimated to grow by 3–7% annually. Automation and artificial intelligence help with basic accounting routines and the importance of advisory services and consulting is growing.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Digital ordering channels and automation are developing rapidly. Artificial intelligence is reshaping everyday life, the content of work, and the structures of workplaces in ways that are still unpredictable.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Digitalisation and AI bring efficiency to the industry.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“We are now focusing on developing our digital capabilities, improving operational efficiency in the logistics chain, and renewing our product assortment with sustainability in mind.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The popularity of refill services is growing Wulff’s MiniBar in Finland and Cabinet Service in Scandinavia combine a smart filling service with a customerspecific selection. Automation brings efficiency and certainty to customers’ everyday lives. The growing demand for filling services also reflects customers’ desire to centralize and streamline their procurement.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Wulff’s competitive advantage is personal expert service combined with digitalization and its development. Wulff’s experts know their customers, their business operations, everyday life and the specific features of different industries.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“In 2026, we have good opportunities to improve the profitability of the entire Group by harmonizing operating models and utilizing data and artificial intelligence in business development.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The strategy focuses on continuous improvement of the customer experience, utilization of technology, sustainable growth and considered acquisitions that support the strategy.”
Annual report 2025A · The company itself
Market
“Visma, a developer of cloud-based SaaS software, is known in Finland for its electronic signature program Visma Sign, cloud-based financial management software for the private and public sectors, and Wilma, developed for communication between schools and homes. The products developed by the multinational company affect the operations of two million customers every day.”
Annual report 2025A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Labour and wages
Raw materials and inputs
DriverNegative impact: weakens
“As the population ages and experienced experts leave the sector, the systematic development of competence, knowledge transfer, and training of new experts play a decisive role in building success.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Internationalization supporting the availability of future labor In 2025, Wulff Works prepared to launch international recruitment from Romania and the Philippines. The aim is to ensure the availability of skilled labor, especially in industries where domestic supply is insufficient, and to carry out up to 100 international recruitments already in 2026.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Growth is sought especially in the company’s Worklife Services Segment. The company’s staff leasing and consulting businesses have strong potential for robust organic growth.”
Annual report 2025A · The company itself
Market
“Worklife Services were the key driver of growth in 2025. Wulff Works’ staff leasing services grew organically in line with expectations, and the role of personnel services in the Group’s net sales is increasing systematically. In 2025, it already accounted for more than one quarter of the Group’s net sales.”
Annual report 2025A · The company itself
Market
“Our offering also includes specialist, managerial and executive-level recruitment and executive search, physician staff leasing services, employment and employability services, as well as consulting, coaching and regional development services.”
Annual report 2025A · The company itself
Market
“Worklife Services segment’s net sales increased by 89.4% and totalled EUR 46.8 million (24.7). Wulff Works’ staff leasing net sales, EUR 32.5 million (14.9), increased organically both in growth centers and due to expansion into new locations.”
Annual report 2025A · The company itself
Market
“We are pleased with the profitable growth in the Worklife Services Segment: Wulff Works’ staff leasing business grew wonderfully in line with expectations and already accounts for more than a quarter of the Group’s net sales.”
Annual report 2025A · The company itself
Market
“The strengthening of our service businesses improves Wulff’s predictability and responds to customers’ growing need to procure flexible services that can quickly adapt to changing situations.”
Annual report 2025A · The company itself
Artificial intelligence
Technology
DriverPositive impact: strengthens
“Digital ordering channels and automation are developing rapidly. Artificial intelligence is reshaping everyday life, the content of work, and the structures of workplaces in ways that are still unpredictable.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“In addition, megatrends, for example green transition, sustainability, digitalization and artificial intelligence, the sharing economy and the aging of the population, affect the market change.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Digitalisation and AI bring efficiency to the industry.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“In 2026, we have good opportunities to improve the profitability of the entire Group by harmonizing operating models and utilizing data and artificial intelligence in business development.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The strategy focuses on continuous improvement of the customer experience, utilization of technology, sustainable growth and considered acquisitions that support the strategy.”
Annual report 2025A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Circular economy and recycling
Regulation
DriverPositive impact: strengthens
“For example, the use of recycled and environmentally friendly materials will become standard in the future.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“In 2025, the company continued its stable growth, and net sales developed as expected. The demand for recycled Moving towards more sustainable operations: nearly 70% of the equipment delivered consists of recycled products. The share of circular economy equipment was nearly 70% of all equipment sold The development of the printing market is driven by sustainability and data security.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Thanks to Wulff’s expertise, our customers can make their procurement more sustainable, concretely and measurably. For example, we help optimize orders and deliveries so that transport causes as few real emissions as possible. When customers can monitor the percentage of responsibility in their own procurement, you can easily make your product range more sustainable.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The product range is being developed with the aim of significantly increasing the share of products made from recycled and renewable materials and products that last longer in use. We are also investing in the development of solutions that support refilling systems and recycling services. When renewing the range, we are emphasizing environmental certifications for products and the lowest possible relative greenhouse gas emissions. The goal for the strategy period is that the share of environmentally certified products will increase to 60 percent of sales by 2030.”
Annual report 2025A · The company itself
Chains in: EU climate and energy policy strengthens
Automation and robotics
Technology
DriverPositive impact: strengthens
“The operating environment, where organizations are challenged to change more and more rapidly as a result of changes in technology, competition, and customer behavior, increases the importance of consulting.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“The accounting firm sector, which is undergoing transformation, is developing driven by digitalization and automation. The accounting firm market is estimated to grow by 3–7% annually. Automation and artificial intelligence help with basic accounting routines and the importance of advisory services and consulting is growing.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The popularity of refill services is growing Wulff’s MiniBar in Finland and Cabinet Service in Scandinavia combine a smart filling service with a customerspecific selection. Automation brings efficiency and certainty to customers’ everyday lives. The growing demand for filling services also reflects customers’ desire to centralize and streamline their procurement.”
Annual report 2025A · The company itself
Consumer preference shifts
End markets
DriverPositive impact: strengthens
“Sustainability is becoming an increasingly integral part of commercial decision-making: our customers expect solutions that support their own sustainability goals.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“In specialist fields and knowledge work, for example, refreshments and ergonomic products are emphasized, which support alertness and coping at work and make the workplace more attractive than a home office. That is why high-quality coffees, teas, refreshments and snacks, among others, are increasing their share of Wulff’s sales. The appreciation of well-being is also reflected in the snack selections: Wulff’s FruitBar, which delivers fruit directly to the workplace, is constantly growing in popularity.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Wulff believes that this target will be achieved through profitable growth, with a strong focus on customer experience, humanity, and sustainability as the key drivers of operational development.”
Annual report 2025A · The company itself
Chains out: this mixed effect Beer and beverages
Healthcare and hospitals
End markets
Market
“Wulff offers a high-quality selection of different work environment solutions. The filling service model makes everyday life easier, helping with procurement of for example snacks, office supplies and property consumables.”
Annual report 2025A · The company itself
Market
“Wulff Doctors is the solution for doctor availability Wulff Doctors brings a new alternative for staff leasing of doctors to the market. The service responds to the growing demand for healthcare experts and focuses, in particular, on high-quality customer experience, responsibility and an employee-oriented operating model.”
Annual report 2025A · The company itself
Market
“The company understands the specific requirements of different industries and can offer tailored solutions for sectors such as logistics, healthcare, and property management.”
Annual report 2025A · The company itself
Chains in: Ageing population strengthens, GLP-1 and obesity treatment mixed effect
Retail
End markets
DriverNegative impact: weakens
“The uncertainty of the economic situation and consumer caution continue in the Nordic countries. Retailers, in particular, are still cautious about inventory, which affects demand in this customer segment.”
Annual report 2025A · The company itself
Market
“Wulff offers a high-quality selection of different work environment solutions. The filling service model makes everyday life easier, helping with procurement of for example snacks, office supplies and property consumables.”
Annual report 2025A · The company itself
Market
“The Worklife Services segment includes staff leasing services, accounting services, consulting services, exhibition, event, and space design services both internationally and domestically, as well as solutions and services for office and professional printing and document management.”
Annual report 2025A · The company itself
Chains in: Consumer spending strengthens
SMEs
End markets
Market
“Widely diverse clients from different industries Wulff Accountings’ clients include both small and medium-sized companies and large, listed companies. Our clientele includes limited liability companies, limited partnerships, general partnerships, sole traders and freelancers, as well as associations and foundations. The industries strongly represented include lawyers, veterinarians, dentists, ICT, the construction industry and investment companies.”
Annual report 2025A · The company itself
Market
“The Worklife Services segment includes staff leasing services, accounting services, consulting services, exhibition, event, and space design services both internationally and domestically, as well as solutions and services for office and professional printing and document management.”
Annual report 2025A · The company itself
Market
“Personal service and solution-oriented sales expertise will continue to be our key competitive advantage: they ensure that the renewal of the product range and the development of digital capabilities are seen by the customer as better service and smoother transactions.”
Annual report 2025A · The company itself
Hospitality and leisure
End markets
Market
“Wulff Entre’s, which specializes in the event industry, net sales, EUR 3.9 million, were on the same level as the comparison period.”
Annual report 2025A · The company itself
Market
“The Worklife Services segment includes staff leasing services, accounting services, consulting services, exhibition, event, and space design services both internationally and domestically, as well as solutions and services for office and professional printing and document management.”
Annual report 2025A · The company itself
Chains in: Consumer spending strengthens
Agriculture and food production
End markets
Market
“Wulff is an expert partner also in production solutions, such as industrial packaging material and in protective products important for the care sector.”
Annual report 2025A · The company itself
Chains in: Grain and agricultural commodities mixed effect, Climate change and extreme weather weakens, Grocery retail and private label weakens
Construction
End markets
Market
“It offers a comprehensive range of practical work tasks in various industries in Finland, from diverse field and production work to services, customer service, and logistics.”
Annual report 2025A · The company itself
Chains in: Interest rates weakens, Housing market strengthens, Public investment and infrastructure strengthens, Business cycle and GDP growth strengthens, Reconstruction of Ukraine strengthens
Cybersecurity (products and services)
Technology
Market
“High-quality data security throughout the device’s life cycle Canon’s cutting-edge technologies and services have been recognized for their data security capabilities by the prestigious research and analytics houses IDC (International Data Corporation) and Quocirca. Canon’s solutions secure the entire printing environment, from devices and documents to data processing, throughout the device’s life cycle.”
Annual report 2025A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
E-commerce
Technology
Market
“Future growth is sought, in particular, from joint stands at international exhibitions, which currently account for about 90% of its net sales and in which Wulff Entre has strong expertise and years of experience.”
Annual report 2025A · The company itself
Education
End markets
Market
“The Worklife Services segment includes staff leasing services, accounting services, consulting services, exhibition, event, and space design services both internationally and domestically, as well as solutions and services for office and professional printing and document management.”
Annual report 2025A · The company itself
Electrification
Technology
StrategyPositive impact: strengthens
“In 2025, the car policy was updated to favor electric cars, so that face-to-face customer visits can be carried out more often in a low-emission manner and transportation emissions will be reduced.”
Annual report 2025A · The company itself
Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper
Energy efficiency
Technology
StrategyPositive impact: strengthens
“We are now focusing on developing our digital capabilities, improving operational efficiency in the logistics chain, and renewing our product assortment with sustainability in mind.”
Annual report 2025A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
EU climate and energy policy
Regulation
StrategyPositive impact: strengthens
“Key focus areas include developing digital capabilities, improving the operational efficiency of the logistics chain, and assortment work: renewal, refinement and strengthening the sustainability perspective.”
Annual report 2025A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Industrial manufacturing
End markets
Market
“It offers a comprehensive range of practical work tasks in various industries in Finland, from diverse field and production work to services, customer service, and logistics.”
Annual report 2025A · The company itself
IT operations and cloud
Raw materials and inputs
Market
“Visma, a developer of cloud-based SaaS software, is known in Finland for its electronic signature program Visma Sign, cloud-based financial management software for the private and public sectors, and Wilma, developed for communication between schools and homes. The products developed by the multinational company affect the operations of two million customers every day.”
Annual report 2025A · The company itself
Media and entertainment
End markets
Market
“The Worklife Services segment includes staff leasing services, accounting services, consulting services, exhibition, event, and space design services both internationally and domestically, as well as solutions and services for office and professional printing and document management.”
Annual report 2025A · The company itself
Real estate
End markets
Market
“The company understands the specific requirements of different industries and can offer tailored solutions for sectors such as logistics, healthcare, and property management.”
Annual report 2025A · The company itself
Chains in: Interest rates weakens
Shipping and logistics
End markets
Market
“The company understands the specific requirements of different industries and can offer tailored solutions for sectors such as logistics, healthcare, and property management.”
Annual report 2025A · The company itself
Chains in: Carbon tax and ETS prices weakens, Global trade volumes strengthens, Fuel strengthens
Subscription models
Technology
Market
“Wulff Easy Print, launched last year – a fixed-price Canon printing and scanning solution as a service – sold well.”
Annual report 2025A · The company itself
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“In the Products for Work Environments business, the focus is on profitability and renewal In the Products for Work Environments segment, economic and geopolitical uncertainty affected demand, particularly in Finland.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“In 2025, Wulff Works established its position as one of the most energetic and fastest growing operators in the Finnish personnel services market. The foundation built during the first year of operation enabled over 30% organic growth in all areas.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The staff leasing market has been changing in recent years, and for example, in 2023 the entire market decreased by 5%. The general decline in the number of employees in Finland has also affected the general demand for temporary workers.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“As the economy starts to grow, the demand for staff leasing and recruitment services will increase.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Operating model and expertise meet a changing market The exhibition and event industry has slowly recovered after the pandemic, and at the same time, it is noticeable that the market and its dynamics have changed.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The general economic and market development and the employment rate have a significant impact on the demand for products and services.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Measured in numbers, our goal is clear and explicitly measurable: to double our net sales by 2030.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Sales of more traditional workplace products and services followed the general economic and employment situation, decreasing from the comparison period.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The demand for Wulff’s products and services is essentially influenced by the general development of the economy and the market, as well as the employment rate.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“The growth of the staff leasing market correlates with the general GDP development.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Accountancy business is a defensive, steadily growing and profitable industry, regardless of economic cycles.”
Annual report 2025A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Employment
Macro
DriverNegative impact: weakens
“The staff leasing market has been changing in recent years, and for example, in 2023 the entire market decreased by 5%. The general decline in the number of employees in Finland has also affected the general demand for temporary workers.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The general economic and market development and the employment rate have a significant impact on the demand for products and services.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Sales of more traditional workplace products and services followed the general economic and employment situation, decreasing from the comparison period.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The demand for Wulff’s products and services is essentially influenced by the general development of the economy and the market, as well as the employment rate.”
Annual report 2025A · The company itself
Consumer spending
Macro
DriverPositive impact: strengthens
“Companies have a growing need to stand out in the future, and when face-to-face meetings are organized, they are invested in. Events are expected to be impactful, responsible and have measurable benefits.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“The right products, at the right time A growing trend in Nordic companies is to invest in work environments where people feel comfortable and can do their work well. In specialist fields and knowledge work, for example, refreshments and ergonomic products are emphasized, which support alertness and coping at work and make the workplace more attractive than a home office.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“In January—December 2025, the sales of coffee, snacks, school accessories, ergonomic products and health products increased.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The uncertainty of the economic situation and consumer caution continue in the Nordic countries. Retailers, in particular, are still cautious about inventory, which affects demand in this customer segment.”
Annual report 2025A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Ageing population
Geography
DriverPositive impact: strengthens
“Megatrends such as the aging population, skills shortages and the spread of innovative forms of work support Wulff Works’ growth.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“As the population ages and experienced experts leave the sector, the systematic development of competence, knowledge transfer, and training of new experts play a decisive role in building success.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“In addition, megatrends, for example green transition, sustainability, digitalization and artificial intelligence, the sharing economy and the aging of the population, affect the market change.”
Annual report 2025A · The company itself
Chains out: this strengthens Healthcare and hospitals, strengthens Medical devices, strengthens Hearing aids and hearing care
Geopolitical uncertainty
Macro
DriverNegative impact: weakens
“In the Products for Work Environments business, the focus is on profitability and renewal In the Products for Work Environments segment, economic and geopolitical uncertainty affected demand, particularly in Finland.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Geopolitical tensions and conflicts, growing protectionism as well as extreme weather phenomena and the expansion of the climate crisis, can affect product prices, availability, and the strength of inflationary trends through higher costs of energy commodities and logistics.”
Annual report 2025A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Carbon tax and ETS prices
Regulation
DriverNegative impact: weakens
“In addition to procurement, the company pays a lot of attention to energy efficiency. From the perspective of the company’s responsibility strategy, it is important that Wulff’s logistics are managed as responsibly as possible. Wulff’s transport is handled by Posti, whose transports to Wulff are currently 100% CO₂-compensated.”
Annual report 2025A · The company itself
Chains out: this weakens Shipping and logistics, strengthens Energy efficiency, weakens Cement and building materials
Climate change and extreme weather
Macro
DriverNegative impact: weakens
“Geopolitical tensions and conflicts, growing protectionism as well as extreme weather phenomena and the expansion of the climate crisis, can affect product prices, availability, and the strength of inflationary trends through higher costs of energy commodities and logistics.”
Annual report 2025A · The company itself
Chains out: this weakens Agriculture and food production
Currency exposure
Macro
DriverNegative impact: weakens
“Changes in exchange rates affect the group’s net profit and balance sheet.”
Annual report 2025A · The company itself
Electricity
Raw materials and inputs
DriverNegative impact: weakens
“Geopolitical tensions and conflicts, growing protectionism as well as extreme weather phenomena and the expansion of the climate crisis, can affect product prices, availability, and the strength of inflationary trends through higher costs of energy commodities and logistics.”
Annual report 2025A · The company itself
Chains in: Data centres strengthens, Electrification strengthens
Chains out: this strengthens Power grid expansion
ESG and sustainability reporting
Regulation
DriverPositive impact: strengthens
“Wulff is particularly pleased that sustainability is increasingly influencing companies’ decisions, both in choosing partners and in the specific procurement of individual products.”
Annual report 2025A · The company itself
Hybrid work and office use
Macro
DriverPositive impact: strengthens
“In addition, the services scale to customer needs: in the era of hybrid work, Canon Business Center’s solutions enable document management from anywhere, including remotely.”
Annual report 2025A · The company itself
Chains out: this weakens Office and commercial property
Inflation
Macro
DriverNegative impact: weakens
“The development of global and local economies is affected by rising prices and monetary policy decisions aimed at taming inflation.”
Annual report 2025A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Interest rates
Macro
DriverNegative impact: weakens
“The development of global and local economies is affected by rising prices and monetary policy decisions aimed at taming inflation.”
Annual report 2025A · The company itself
Chains in: Public debt and fiscal policy strengthens, Inflation strengthens
Chains out: this weakens Construction, weakens Real estate, weakens Wind power, weakens Housing market, weakens Office and commercial property, weakens Residential rental, weakens Residential construction
Denmark
Geography
Geography
“In the Products for Work Environments business, the focus is on profitability and renewal In the Products for Work Environments segment, economic and geopolitical uncertainty affected demand, particularly in Finland.”
Annual report 2025A · The company itself
Geography
“The acquisitions strengthened Wulff’s position in Kanta-Häme, Ostrobothnia and Southwest Finland and brought Wulff a total of 1,400 new customers, over 40 professionals and increased the annual accounting firm net sales by approximately EUR 4 million.”
Annual report 2025A · The company itself
Geography
“Wulff Accounting serves customers nationwide We already operate in 12 locations: Espoo, Hyvinkää, Hämeenlinna, Maalahti, Mariehamn, Mustasaari, Nivala, Porvoo, Raahe, Sipoo, Tampere, and Turku.”
Annual report 2025A · The company itself
Geography
“The headquarters of the Wulff Group are located in Espoo, Finland. Its logistics centres support the company’s Products for Work Environments business operations.”
Annual report 2025A · The company itself
Geography
“Economic and geopolitical uncertainty was felt in demand for the Products for Work Environments Segment, especially in Finland. In Scandinavia, market caution was less pronounced.”
Annual report 2025A · The company itself
Geography
“The Products for Work Environments segment consists of the business of workplace products and services in Finland, Sweden, Norway, and Denmark.”
Annual report 2025A · The company itself
Nordics
Geography
Geography
“In Scandinavia, the market situation was more stable.”
Annual report 2025A · The company itself
Geography
“Scandinavia: Wulff’s logistical heart in Scandinavia is located in Ljungby, Sweden, from where deliveries are made quickly not only within Sweden but also to Norway and Denmark. Wulff also has offices in Bergen, Oslo, Stavanger, and Trondheim in Norway, Gothenburg, Malmö, and Stockholm in Sweden, and Copenhagen in Denmark.”
Annual report 2025A · The company itself
Geography
“The market situation in Scandinavia was more stable than in Finland and the company managed to slightly increase its 2025 net sales. The consolidation trend in the industry continues Wulff’s latest acquisition in the workplace products market was the acquisition of Staples Finland in 2021, which further strengthened its leading position in the Finnish market.”
Annual report 2025A · The company itself
Geography
“Economic and geopolitical uncertainty was felt in demand for the Products for Work Environments Segment, especially in Finland. In Scandinavia, market caution was less pronounced.”
Annual report 2025A · The company itself
Geography
“Wulff Works’ staff leasing net sales, EUR 32.5 million (14.9), increased organically both in growth centers and due to expansion into new locations.”
Annual report 2025A · The company itself
Geography
“The Products for Work Environments segment consists of the business of workplace products and services in Finland, Sweden, Norway, and Denmark.”
Annual report 2025A · The company itself
China
Geography
Geography
“In 2025, Wulff Entre designed meeting spaces for nearly 150 clients across different countries from Shanghai, China to Texas, USA.”
Annual report 2025A · The company itself
Electric vehicles and EV batteries
End markets
DriverPositive impact: strengthens
“Mobility is being steered in an increasingly sustainable direction by favoring public transport and encouraging electric vehicles.”
Annual report 2025A · The company itself
Packaging
Raw materials and inputs
InputNegative impact: weakens
“The filling service model makes everyday life easier, helping with procurement of for example snacks, office supplies and property consumables.”
Annual report 2025A · The company itself
Chains out: this weakens Beer and beverages
Public investment and infrastructure
Regulation
DriverNegative impact: weakens
“The termination of grants granted to Finnish companies has been reflected in Wulff Entre’s event sales.”
Annual report 2025A · The company itself
Chains in: Reconstruction of Ukraine strengthens
Chains out: this strengthens Construction, strengthens Digitalisation, strengthens IT consulting and public-sector IT
United States
Geography
Geography
“In 2025, Wulff Entre designed meeting spaces for nearly 150 clients across different countries from Shanghai, China to Texas, USA.”
Annual report 2025A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.12 bn EUR |
| Revenue growth vs. the year before, same method | 19 % |
| EBITDA reported by the company | 0.01 bn EUR |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | N/A |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | N/A |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (EUR), not converted to DKK. Quotes are shown as the company's own words in the report's original language.