IR Nordic Markets (IRNM) 2025: Kemira is best at Investor Relations in the Nordics

The 27th consecutive IR Nordic Markets Investor Relations study has been completed. Presented below are the highest ranked in the Nordics and top 5 companies in each Nordic country, as well as top ranked IR teams with responsible IRO.

IR Nordic Markets (IRNM) is the largest investor relations study for listed companies in the Nordics. The rankings are based on about 1000 reviews from financial analysts in the Nordics, UK, EU and the US. Sell-side analysts have rated companies they actively follow, based on objective opinions and personal experience. The survey includes 21 criteria, from the annual and quarterly reports to the perception of the relationship management and competence of the IRO team.

The survey for IR Nordic Markets (IRNM) 2025 was conducted in the fall of 2024 and the results were published in January 2025.

The highest ranked company in the Nordics is the Finnish company Kemira. When it comes to excellent performance for the IR Team, the Finnish company Kesko is the highest ranked.

 

INVESTOR RELATIONS NORDIC MARKET RANKING

NORDIC TOP 5:

  1. Kemira
  2. Kesko
  3. Cargotec
  4. Munters Group
  5. Multiconsult

 

DENMARK TOP 5:

  1. Safe
  2. Novo Nordisk
  3. DSV Panalpina
  4. FLSmidth & Co.
  5. Coloplast

 

FINLAND TOP 5:

  1. Kemira
  2. Kesko
  3. Cargotec
  4. Konecranes
  5. Alma Media

 

NORWAY TOP 5:

  1. Multiconsult
  2. Storebrand
  3. Aker Solutions
  4. Aker BP
  5. Norwegian Hydro

 

SWEDEN TOP 5:

  1. Munters Group
  2. Gränges
  3. ASSA ABLOY
  4. AAK
  5. Volvo

 

INVESTOR RELATIONS NORDIC MARKET – IR TEAM PERFORMANCE

NORDIC IRO TOP 5:

  1. Kesko – IRO Hanna Jaakkola
  2. Kemira – IRO Mikko Pohjala / Heidi Lehmuskumpu
  3. Borregaard – IRO Knut-Harald Bakke / Lotte Kvinlaug
  4. Gränges – IRO Oskar Hellström / Sara Lander Hyléen
  5. ASSA ABLOY – IRO Björn Tibell

 

DENMARK IRO TOP 5:

  1. Safe – IRO Gianandrea Roberti
  2. DSV Panalpina – IRO Stig Frederiksen / Alexander Plenborg
  3. Novo Nordisk – IRO Jacob Martin Wiborg Rode
  4. Carlsberg – IRO Peter Kondrup
  5. FL Smith & Co. – IRO Jannick Lindegaard Denholt / Andreas Escherich Holkjær

 

FINLAND IRO TOP 5:

  1. Kesko – IRO Hanna Jaakkola
  2. Kemira – IRO Mikko Pohjala / Heidi Lehmuskumpu
  3. Cargotec – IRO Aki Vesikallio
  4. Orion – IRO Tuukka Hirvonen
  5. The election – IRO Pekka Rouhiainen

 

NORWAY IRO TOP 5:

  1. Borregaard – IRO Knut-Harald Bakke / Lotte Kvinlaug
  2. Crayon Group Holding – IRO Kjell Arne Hansen
  3. Multiconsult – IRO Ove B. Haupberg / Pål-Sverre Jørgensen
  4. Store fire – IRO Johannes Narum
  5. Aker Solutions – IRO Preben Ørbeck

 

SWEDEN IRO TOP 5:

  1. Gränges – IRO Oskar Hellström / Sara Lander Hyléen
  2. ASSA ABLOY – IRO Björn Tibell
  3. Thule Group – IRO Fredrik Erlandsson
  4. AXFOOD – IRO Alex Bergendorf
  5. AAK – IRO Carl Ahlgren

 

FOR MORE INFORMATION, PLEASE CONTACT:

Andrew Suneson Meiling

Head of IR Markets

andrew.suneson@irmarkets.se

+46 (0)70 491 36 99

 

About the reports

The survey includes 21 criteria, from evaluation of IR reporting to the perception of top management’s IR competence.

The IR Nordic Markets report provides a complete IR evaluation with benchmarking, open commentary, development over time, most important to improve, ESG and attitude to investment.

In the short term, working with MERIT500’s reports will enable you to prioritize and focus on the right IR activities and thereby improve your communication with the market. In the long term, this will contribute to a more correct evaluation of the stock price which would be beneficial for your company and shareholders.

The IR Nordic Markets Study is an indispensable tool for quality control and development, and many companies purchase an annual report including valuable feedback collected from analysts and investors. We provide vital insights that facilitate quality assurance and continuous improvement.

 

About MERIT500 / Invest In Relations AB

Invest In Relations AB (MERIT500) is the owner and operator of the IR Nordic Markets study. MERIT500 manages one of the most comprehensive databases on Nordic and German companies, covering more than 15,000 companies and 130,000 executives and board members. The platform provides analysis, benchmarking, and tools for understanding corporate governance, management performance, and market communication across sectors. Through IR Nordic Markets, MERIT500 delivers independent research and benchmarking that help listed companies improve transparency, investor engagement, and communication quality.