Base Styles/Icons/Some/Linkedin/Default Created with Sketch. Base Styles/Icons/lock/open Created with Sketch.

Aalto University’s academic results and campus developed favourably in 2018

The Board approved the Annual Board Report and Financial Statements for 2018 on 20 March 2019. The year 2018 was Aalto University’s ninth year of operations.
Aalto University campus / Photo by Mika Huisman

The development of the Aalto University campus took major steps in 2018. The School of Arts, Design and Architecture relocated to the Väre building at the heart of Otaniemi campus, and the new Business School building was completed by the yearend. A Grid, one of Europe’s largest centres for start-up companies, started its operations in the beginning of 2018.

In 2018 the academic results and internationalisation of Aalto University advanced favourably. The number of most cited top 10% publications rose by 12% to 1 493 (1 332 in 2017). In total of 263 (256) students completed a doctorate degree, which exceeded the target set by the Ministry of Education and Culture and is a higher figure than ever before. The share of international faculty reached 40%.   

The positive development of the academic results was 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 (7th) worldwide and 3rd (1st) within Europe. In the Times Higher Education’s University Rankings, the university was ranked the 55th most international university in the world.

The university’s pro forma operative deficit was €18 million (surplus €4 million in 2017). The pro forma operative income totalled €347 (€345) million, of which the university funding granted directly by the Ministry of Education and Culture accounted for €219 (€229) million. Pro forma operative expenses were €365 (€341) million, of which personnel expenses accounted for 62% (64%) and facility expenses for 14% (14%). The operative deficit was covered by the use of accumulated returns from the investment portfolio of the university.

The pro forma deficit of investment and financing activities totalled €64 million (surplus €90 million in 2017). The deficit is mainly due to mandatory adoption of IFRS9 accounting method requiring to report the change of the market value of the investment portfolio in the income statement. The impact of the change was -€ 88 million. Following the yearend, the value of the investment portfolio of the university has recovered with the financial markets developing in a positive direction.

Aalto University Group's balance sheet totalled €1671 (€1 712) million at the end of the financial year.
 

 

Aalto University Pro forma Income Statement

€ million

2018

2017

Operative income

347

345

Operative expenses

365

341

Operative surplus/deficit

-18

4

Surplus / deficit from investment & financing operations

-64

90

Surplus / deficit from fundraising & fund transfers

-3

-2

Net surplus of the financial year

-85

92

     

Read more

Students at the campus / Photo by Unto Rautio

Key figures of 2018 and reports

The development of campus took major steps in 2018. Academic results improved and internationalisation continued.

Aalto University/Aino Huovio

Sustainability reports

Aalto Sustainability Hub network’s activities began in 2018. The objectives of the network are to bring researchers from different fields together, facilitate the inclusion of sustainable development perspectives in teaching and to promote sustainable development as an extensive part of the university’s operation.

Aalto-yliopisto_Aino Huovio

Aalto University endowment funded university operations with 15 million in 2018

The purpose of the Aalto University endowment and its long-term strategy is to generate additional funding for top quality research and education.

Related news

Semi Ilmonen Lampinen Aalto University
Press releases Published:

Aalto University fashion students to reveal their sustainable visions for the future

From recycled materials to Ioncell fabric, Aalto fashion design will light up the Fashion Meets Sustainability event in Paris
Press releases Published:

Agreement on Wiley's journal package until the end of 2019

FinELib's negotiations with Wiley continue. More time for the negotiations was gained by continuing the 2018 agreement till the end of 2019.
Emilia Lahti
Press releases, Research & Art Published:

What the Finnish concept of sisu can offer the world

First study dedicated to the world-famous concept: sisu can help people exceed preconceived limitations, but can be detrimental when used unwisely
Image: Mikko Raskinen.
Cooperation, Press releases Published:

€32 million funding boost for Smart Cities Research in Tallinn & Helsinki

Smart Cities Centre of Excellence to be established as a joint project between Tallinn University of Technology and Aalto University