Financial Statements & Key Figures

Lahti Region Development LADEC Ltd is a non-profit vitality company owned and funded by the cities and municipalities of Päijät-Häme.

Our mission is to strengthen the prerequisites, competitiveness and attractiveness of the Lahti region’s business sector and to promote the creation of new companies and jobs.

We serve start-ups, growing companies and companies relocating to the region, and we are responsible for marketing the region as a business environment in close cooperation with municipalities, educational organisations and other regional stakeholders.

Summary of Operations 2025

• From the beginning of 2025 onwards, our operations were funded by all ten municipalities in Päijät-Häme: Asikkala, Hartola, Heinola, Hollola, Iitti, Kärkölä, Lahti, Orimattila, Padasjoki and Sysmä.
• During the year, two major investments important to the whole of Päijät-Häme were confirmed: Fazer’s chocolate factory and DayOne’s data centre. LADEC supported the City of Lahti during the preparation phase, and after the investment decisions were made, launched work to connect cooperation and subcontracting networks to the projects.  
• Our number of customers grew significantly due to the expansion of our operating area, as well as active company outreach and marketing of services.
• We developed our service portfolio and expanded it to better support growth-oriented SMEs in particular.
• We strengthened international business networks through new cooperation agreements.
• We launched the operations of the Päijät-Häme defence and dual-use industry cluster.
• We developed new cooperation models with the City of Lahti’s Employment Services (which began operations at the start of 2025) and with Päijät-Häme Employment Services in order to effectively support companies in our region in matters related to labour availability and to identify hidden job opportunities. During the latter part of the year, we passed on around 60 leads to the employment areas based on the labour needs of regional companies.

Financial Development 2025 

Our company’s turnover for the financial year 2025 was EUR 4.2 million, compared with EUR 3.7 million in the previous year. The result for 2025 was +16 270.64 euros. In the previous year 2024, the result was +10 393.22 euros. The average number of personnel in 2025 was 36. Full-time equivalent (FTE) personnel input was 34. 

Operational Metrics and Key Figures 2025

LADEC is part of the City of Lahti Group and applies its guidance in its operations. Our action plan takes the City of Lahti strategy into account, and we report on its implementation in accordance with the Group’s instructions. We report on the realisation of operational metrics quarterly to our company’s Board of Directors.

In the City of Lahti budget, company-specific objectives have been set for LADEC. In addition, objectives have been set for all Group companies, including for sound and long-term financial management and for responsible operations.

Key figures describing the operations of Lahden Seudun Kehitys LADEC Oy for 2023–2025 are presented in the table.

Responsibility in 2025

The focus areas and development targets of our company’s responsibility are described in the “Responsibility at LADEC” plan, and we report on them annually to the Board of Directors and to the City of Lahti, taking into account the shared objectives set for Lahti Group companies. The plan also considers the UN Sustainable Development classification in those parts most relevant to the company’s operations.  

The most important themes related to our company’s responsibility and its development in 2025 were:

Promoting the circular economy and nature positivity, and achieving carbon neutrality at the Lahti Group level

• The “Responsibility at LADEC” plan guides our company’s actions to promote the circular economy, nature positivity and carbon neutrality.
• In spring 2025, we published a report on our company’s 2024 carbon footprint.
• We identified four actions from Lahti’s circular economy roadmap that we will advance.
• Our company did not have—and does not have—its own construction projects.

Social and societal responsibility in employment

• During 2025, four interns worked at LADEC across a total of six internship periods. In the previous year 2024, our company had three interns.

Financial operations and responsibility in procurement

• Our company operates within the limits set by municipalities’ budget funding, and in accordance with our Articles of Association we do not generate profit.
• In 2025, the total value of procurements exceeding EUR 10,000 ordered from local suppliers (= registered office in our company’s operating area) was EUR 290,250.14 (in 2024: EUR 301,042.37).
• In our procurement, we require that social and ethical criteria are taken into account.