The financial responsibility of Vapo Group is based on profitable operations and developing competitiveness in the long term. Sustainable financial operations also provides added value for interested parties. Due to the nature of Vapo's operations, financial effects are primarily local.
Vapo Group companies pay all statutory taxes, based on their own business operations, to the country in which they operate. None of the Group companies have unpaid taxes. Group administration is responsible for the implementation of Vapo Group’s tax strategy and compliance with country-specific tax regulations.
The local nature of our operations is reflected in our external purchases and services as well as salaries relative to turnover in all its operating countries. The majority of the company's purchases and services are obtained from local sources. The employment effect of the operations is felt both in towns and in sparsely populated areas. Especially in the sparsely populated areas, Vapo is often a very significant local employer.