Industry Media Key people Jari Torvelainen, CEO Headquarters Helsinki, Finland Number of employees 40 | Defunct 2009 (bankruptcy) Revenue €10.7 million (2006) Founded 1955, Finland Ceased operations 2009 | |
Former type Public – Oyj
(Nasdaq Helsinki: EVI1V) Services Marketing communication Founders Matti Viherjuuri, Kaija Viherjuuri | ||
Evia Oyj was one of the largest Finnish marketing communication agencies, founded 1955 and known as Markkinointi Viherjuuri before 2001 name change to Evia Oyj.
Contents
On June 18, 2009 Evia Oyj filed for bankruptcy.
History
Evia Oyj was founded in 1955 and was named Markkinointi Viherjuuri by its founder Matti Viherjuuri. From 1955 to 1989 Markkinointi Viherjuuri was private company (Oy), and after 1989 public company (Oyj) and was listed in OMX (formerly Helsingin Pörssi) OTC-list.
In 2001 Markkinointi Viherjuuri announced new name for company, Evia Oyj to reflect the parent companies role better. Evia was formed from two separate parts: E meaning of digital communications and latin word via meaning of road.
November 18, 2002 Evia concluded personnel negotiations where three people was dismissed, two people was laid off for the time being and four persons as of April 1, 2003. After this Evia had another personnel negotiations on August 26, 2003 when concluded that 36 employees will set to fixed-term layoff for three months.
August 31, 2004 Evia gave profit warning, and positive profit warning on January 20, 2006.
June 28, 2005 CEO Mika Sario resigned, and new CEO Jari Torvelainen started August 1, 2005.
Services
Evia offered advertisement, marketing and communication services: direct marketing and digital communication services, brand management and design management. Evia had average of 90 employees at its best days.
International cooperatives
Evia was cooperative of global Edelman, which had 46 own agencies and over 50 cooperative agencies all over the world. With cooperative contacts Evia did global projects like medical company communications and Shell oil company brand communication.
Awards
Bankruptcy
On June 18, 2009 the company sought bankruptcy due to heavy debts and recession in the marketing business. Marketing agency Viherjuuri Helsinki Oy, which was part of Evia Oyj, was split into an independent business and continued to operate. Viherjuuri applied for a court approval to undergo a reorganization. November 30, 2009 it too filed for bankruptcy.