0.42
+0.61%
Close of 9 Nov 2026, in EUR
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About Spinnova Oyj
Its shares trade on Nasdaq Helsinki under the ticker SPINN.HE. It has been listed since 24 June 2021. In the fiscal year to 31 December 2025, it reported revenue of €344,000 and a net loss of €40.7m. At that date it held total assets of €63.3m and shareholders' equity of €30.5m.
Spinnova Oyj engages in the production and distribution of textile fibres and wood fabrics. The company is headquartered in Jyvaskyla, Lansi-Suomen. The company went IPO on 2021-06-24. Spinnova Oyj has developed a new technology for making textile fiber out of wood and waste such as leather, textile or food waste, without harmful chemicals. SPINNOVA fiber does not produce any waste or side streams and is produced with minimal water usage and with minimal CO2 emissions. The fiber is recyclable, quickly biodegradable, does not contain microplastics and can be produced without solvents or other harmful chemicals or additives. The target customers for Spinnova fiber consist of large multinational textile brands, especially clothing brands that use a lot of cotton and/or have the intention of reducing their environmental impact. The firm has a production plant in Jyvaskyla.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Consumer Discretionary
- Industry
- Textiles, Apparel & Luxury Goods
- Listed since
- 24 Jun 2021
- Employees
- 78
- Website
- spinnova.com ↗
Leadership
Pay as last reported
- Mr. Janne PoranenChairman of the Board, Chief Executive Officer, Co-Founder
- Mr. Juha SalmelaCo-Founder, Chief Technology Officer, Director, since 2014€12,000
- Mr. Santeri HeinonenChief Finance (CFO) and People Officer
- Mr. Petri PoranenChief Operating Officer
- Ms. Johanna ValkamaGeneral Counsel
- Ms. Lotta KopraChief Commercial Officer
- Mr. Shahriare MahmoodChief Product and Sustainability Officer
- Mr. Ilkka KivimakiIndependent Director
- Mr. Gert KronerIndependent Director
- Mr. Hanna LiiriIndependent Director
- Mr. Vinicius NoninoIndependent Director
- Mr. Harri SundvikIndependent Director€12,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Spinnova Oyj's technology produces textile fibers from wood and waste without harmful chemicals.
- SPINNOVA fiber is recyclable, biodegradable, and free of microplastics.
- The company's production plant in Jyvaskyla supports sustainable manufacturing with minimal CO2 emissions.
Weaknesses
- Spinnova Oyj has only 78 employees, which may limit operational capacity.
- The company's IPO on 24 June 2021 indicates limited market experience.
- Spinnova Oyj's target market focuses on large multinational textile brands, which could be volatile.
Opportunities
- Spinnova Oyj can expand into the growing market for sustainable textiles in Europe.
- The company can leverage its technology to enter the global apparel industry with eco-friendly solutions.
- Spinnova Oyj's fiber can attract brands seeking to reduce environmental impact in the Consumer Discretionary sector.
Threats
- Spinnova Oyj faces competition from traditional textile producers in the Consumer Discretionary sector.
- The company's reliance on wood and waste materials could lead to supply chain disruptions.
- Spinnova Oyj must navigate potential regulatory changes in the Textiles, Apparel & Luxury Goods industry.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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