Aspo Oyj Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

HLSE:ASPO Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 Nov 25	Buy€27,337	Kaarina Stahlberg	Individual	4,000	€6.86
06 Nov 25	Buy€71,786	Rolf Jansson	Individual	10,537	€6.84
06 Nov 25	Buy€69,199	Mikko Pasanen	Individual	10,376	€6.81
05 Nov 25	Buy€84,151	Rolf Jansson	Individual	12,663	€6.69

Insider Trading Volume

Insider Buying: ASPO insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ASPO?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	4,583,733	14.6%
Individual Insiders	6,098,692	19.4%
General Public	9,777,847	31.1%
Institutions	10,934,671	34.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 56.72% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.9%	Havsudden Oy Ab	3,412,941	€22.2m	0%	no data
10.4%	AEV Capital Holding Oy	3,253,554	€21.1m	0%	no data
4.53%	Keskinäinen työeläkevakuutusyhtiö Varma	1,423,076	€9.3m	0%	0.06%
4.06%	Tapio Vehmas	1,275,827	€8.3m	0%	no data
2.79%	Keskinäinen Eläkevakuutusyhtiö Ilmarinen	875,226	€5.7m	0%	0.04%
2.57%	Citigroup Inc.	806,810	€5.2m	1.86%	no data
2.57%	Nordea Investment Management, AB	805,328	€5.2m	5.67%	no data
2.54%	Gustav Nyberg	797,349	€5.2m	0%	no data
2.27%	Mandatum Henkivakuutusosakeyhtiö	712,140	€4.6m	1.57%	8.43%
2.16%	Sampo Oyj	679,096	€4.4m	0%	0.31%
2.03%	Iaik Oy	635,830	€4.1m	5.45%	no data
1.8%	Procurator Oy	564,882	€3.7m	0%	30.36%
0.95%	Laakkonen Kalervo	297,143	€1.9m	0%	no data
0.83%	Dimensional Fund Advisors LP	259,450	€1.7m	0%	no data
0.8%	Ingman Finance Oy Ab	250,000	€1.6m	0%	1.95%
0.75%	Veronica Timgren	234,107	€1.5m	0%	no data
0.69%	Skandinaviska Enskilda Banken AB (publ)	215,417	€1.4m	-21.5%	0.01%
0.6%	ML Stable Oy	188,000	€1.2m	0%	no data
0.59%	Heidi Arteva	184,457	€1.2m	0%	no data
0.55%	Lassi Lehtinen	174,153	€1.1m	0%	no data
0.54%	Peter Estlander	169,746	€1.1m	-3.78%	no data
0.51%	Henri Arteva	161,400	€1.0m	0%	no data
0.5%	Rysti Ann-Marie	157,640	€1.0m	0%	no data
0.45%	Lindsay Von Julin & Co AB	140,000	€910.1k	0%	no data
0.42%	Yksityisyrittäjäin Säätiö	132,346	€860.3k	-3.78%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/19 18:58
End of Day Share Price	2025/11/19 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aspo Oyj is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Markku Järvinen	Evli Bank plc
Joonas Ilvonen	Evli Bank plc
Kasper Mellas	Inderes Oy