Academic results and international recognition developed favourably in 2019
The Aalto University Board approved the Annual Board Report and Financial Statements for 2019 in its meeting on 19 March 2020. The year 2019 was Aalto University’s 10th year of operations.
Aalto University’s academic results advanced favourably. The number of most cited top 10% publications rose by 1% to 1 512 (1 493 in 2018). In total 1 340 (1 218) students completed a bachelor's degree, 1 960 (1 628) completed a master's degree, and 235 (263) a doctorate.
The positive development was also reflected in the international recognition and ranking results of Aalto University. The QS World University Rankings Top 50 Under 50, which features the world’s 150 best universities under 50 years old, placed Aalto 9th (9th) worldwide and 3rd (3rd) within Europe. In the Times Higher Education’s University Rankings, the university was ranked the 37th (50th) most international university in the world.
Aalto University’s Â鶹´«Ã½ development took major steps in 2019. The School of Business relocated to the new building at the heart of Otaniemi Â鶹´«Ã½ in February. A Grid, one of Europe’s largest start-up centres, was expanded. Research infrastructure center Circular Raw Materials Hub was opened.
The university’s pro forma operative loss was €32 (€18) million. The biggest items in operative income were funding from the Ministry of Education and Culture and research grants from Academy of Finland, EU and Business Finland. Personnel expenses and facility expenses together formed 76% (77%) of the operative expenses.
The pro forma endowment profit totalled €153 million (loss €64 million). The endowment profit mainly consisted of a change in the fair value of the endowment portfolio due to the recovery of the financial markets since the end of 2018. In beginning of the year 2020 the endowment portfolio value has decreased significantly following the financial market stress caused by the coronavirus outbreak.
Aalto University Group's balance sheet totalled €1 829 (€1 671) million at the end of the financial year.
|
Aalto University pro forma income statement |
2019 |
2018 |
|
Operative income |
339 |
347 |
|
Operative expenses |
371 |
365 |
|
Operative profit/loss |
-32 |
-18 |
|
Endowment profit/loss |
153 |
-64 |
|
Financing activities profit/loss |
12 |
0 |
|
Fundraising profit/loss & fund transfers |
3 |
2 |
|
Transfer to special purpose funds |
-6 |
-5 |
|
Net surplus of the financial year |
130 |
-85 |
Annual Board Report and Financial Statements 2019
Key figures of Aalto University in 2019 (aalto.fi)
Sustainability reports (aalto.fi)
Read more news
Finland ranks among Europe’s top investing nations, study finds
Nearly half of Finnish households now invest in stocks or mutual funds, according to a new study from Aalto University.
Doctoral positions at Unite! universities now available in one place
Unite! students searching for doctoral positions can now explore a dedicated category in the Unite! Catalogue for Students.
The potential of urban greenery as a climate solution is not being fully utilized – a new handbook offers means to address this
The Handbook for carbon-smart urban green provides concrete tools for leveraging urban green spaces more effectively in climate and nature conservation efforts.