Honkarakenne Oyj
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Honkarakenne Oyj - overview
Established
1958
Location
-, -, Finland
Primary Industry
Real Estate Development & Operating Companies
About
Honkarakenne Oyj is a Finnish company specializing in the design and construction of high-quality log homes, villas, and cabins that promote ecological living and sustainability. Founded in 1958 in Finland, Honkarakenne Oyj designs and manufactures log homes, emphasizing sustainability and ecological integrity. The company has consistently operated in the log construction sector without notable pivots or changes in business strategy. As of recent reports, there is no known parent company or subsidiaries associated with Honkarakenne.
The founder's information is not disclosed. The company has been an investment target in various funding rounds, showcasing its growth potential in the market. Honkarakenne Plc specializes in the design and manufacture of high-quality log homes, villas, and cabins that emphasize ecological integrity and healthy living. Their core product offerings include customizable log house kits that cater to individual client specifications, ensuring that each home can be tailored to meet unique lifestyle needs.
The company's commitment to sustainability is evident in its use of renewable wood materials, primarily Finnish pine, known for its natural durability and energy-efficient properties. Honka's products are marketed primarily to private customers, architects, and investors involved in residential and commercial projects, extending their reach globally across regions such as North America, Japan, and various European countries. The emphasis on design flexibility allows Honka to serve a diverse clientele, from families seeking holiday homes to developers constructing large-scale residential projects. Honkarakenne Plc generates revenue through direct sales of its log homes, which includes flagship products like the Honka log house kits.
The company operates a business-to-consumer (B2C) model where clients can engage in the purchase process directly, often involving consultations to customize their home designs. Additionally, Honka collaborates with architects and building professionals, facilitating transactions that may include partnerships for larger developments, thereby enhancing their market presence. In 2022, the company reported a revenue of USD 77. 67 mn and an EBITDA of USD 6.
60 mn, reflecting strong demand for their eco-friendly construction solutions. With a high equity ratio and a strong financial foundation, Honka positions itself as a stable partner in the log home market, with a focus on both individual buyers and commercial ventures in residential development.
Primary Industry
Real Estate Development & Operating Companies
Sub Industries
Real Estate Development & Operating Companies
Website
www.honka.com
Total Amount Raised
Subscriber access only
Honkarakenne Oyj - timeline of key events
Honkarakenne Oyj - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 48,295,000 | 45,511,000 | 39,110,000 | 36,080,000 | 43,413,000 | 48,864,000 | 47,549,000 | 52,896,000 | 69,652,000 | - | - | - |
| % Revenue Growth (YoY) | - | (5.8%) | (14.1%) | (7.7%) | 20.3% | 12.6% | (2.7%) | 11.2% | 31.7% | - | - | - |
| EBITDA (USD) | 787,000 | 24,000 | 970,000 | 974,000 | 3,354,000 | 2,855,000 | 5,228,000 | 4,824,000 | 6,005,000 | - | - | - |
| Operating Income (USD) | (1,694,000) | (2,169,000) | (1,077,000) | (809,000) | 1,673,000 | 1,617,000 | 3,384,000 | 3,067,000 | 3,705,000 | - | - | - |
| Operating Margin | (3.5%) | (4.8%) | (2.8%) | (2.2%) | 3.9% | 3.3% | 7.1% | 5.8% | 5.3% | - | - | - |
| % EBITDA Margin | 1.6% | 0.1% | 2.5% | 2.7% | 7.7% | 5.8% | 11.0% | 9.1% | 8.6% | - | - | - |
| NET Income (USD) | (1,546,000) | (1,942,000) | (1,095,000) | (1,436,000) | 871,000 | 1,176,000 | 2,321,000 | 2,814,000 | 3,303,000 | - | - | - |
| % Net Margin | (3.2%) | (4.3%) | (2.8%) | (4.0%) | 2.0% | 2.4% | 4.9% | 5.3% | 4.7% | - | - | - |
Honkarakenne Oyj - employee data
Honkarakenne Oyj - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board | BM | ||||||
| Chairman of the Board | BM |
BM Board Member
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