Remedy Entertainment’s 2024 revenue grew to EUR 50.7 million from EUR 33.9 million in 2023, while the operating loss narrowed significantly to EUR 4.3 million from the previous year's EUR 28.7 million loss.
See it on page 8CEO Tero Virtala received total compensation of EUR 290,060 in 2024, comprising a EUR 210,240 fixed salary and EUR 79,820 in long-term incentive rewards.
See it on page 5Chairman Markus Mäki received EUR 54,000 in board fees plus an additional EUR 92,490 fixed salary for his role as Chief Product Officer.
See it on page 7The average salary for a Remedy employee remained stable at EUR 63,907 throughout the 2024 financial year.
See it on page 3Board members receive fixed annual fees of EUR 54,000 for the Chairman and EUR 36,000 for other members, with no participation in share-based incentive schemes.
See it on page 4CEO Tero Virtala holds six active option plans with subscription periods extending through 2030, though no options were exercised or sold during 2024.
See it on page 6The Remuneration Report 2024 for Remedy Entertainment Plc details the compensation framework and specific payments made to the Board of Directors and the Chief Executive Officer for the 2024 financial year. The primary objective of the compensation policy is to align executive interests with the company’s strategic goals, long-term financial performance, and shareholder value. The report covers the Finnish company’s operations and provides a five-year comparative analysis of executive pay relative to financial performance and average employee salaries from 2020 to 2024.
Financial data indicates that Remedy experienced significant revenue growth in 2024, reaching EUR 50.7 million compared to EUR 33.9 million in 2023. Despite this growth, the company reported an operating loss (EBIT) of EUR 4.3 million, though this was a notable improvement from the EUR 28.7 million loss in the previous year. During this period, the average salary of a Remedy employee remained stable at EUR 63,907.
Remuneration for the Board of Directors is strictly fee-based, with the Chairman receiving EUR 54,000 and other members receiving EUR 36,000 annually. Board members do not participate in share-based incentive schemes. However, Chairman Markus Mäki also serves as Chief Product Officer, receiving an additional EUR 92,490 in fixed salary for that role. CEO Tero Virtala’s total compensation for 2024 was EUR 290,060, consisting of a EUR 210,240 fixed salary and EUR 79,820 in long-term incentive rewards. The CEO’s incentive structure includes six active option plans with subscription periods extending through 2030, though no options were exercised or sold during the 2024 financial year. The report concludes that all payments were made in accordance with the resolutions of the Annual General Meeting and the company’s established Remuneration Policy.
