Mar 18 • 06:40 UTC 🇫🇮 Finland Iltalehti

The Truth About Aki and Heli Palsanmäki's Auction Business

A report reveals the financial struggles of the Hirvaskangas auction house owned by Aki and Heli Palsanmäki, highlighting a declining gross profit and unexpected ownership details.

The article discusses the financial performance of Hirvaskangas auction house for the year 2025, revealing that its gross profit decreased significantly from the previous year. The gross profit sits at 196,222 euros, which is down by 42,185 euros compared to the previous year's total of 238,407 euros. Analysts have noted that the auction house does not appear financially robust, with estimates suggesting a turnover of around 250,000 euros given a sell-through rate that used to be about 75%.

Moreover, the company has published a shortened income statement that omits revenue details, prompting speculation about its financial health. An analyst, Ari Rajala, points out that based on the provided figures, the auction house cannot be considered a lucrative venture. The wage payments for the company amount to only 81,268 euros for its employees, which include both Palsanmäkis and an additional staff member.

In a surprising ownership revelation, it is disclosed that Heli Palsanmäki holds 70% ownership of the business, while Aki holds 30%, contradicting earlier assumptions of equal ownership. This information adds another layer of complexity to the narrative surrounding their business operations and financial viability, raising questions about their future prospects in the auctioning industry.

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