Tero Pitkämäki and Antti Ruuskanen’s businesses have grown rapidly to the million mark.
Tero Pitkämäki is the javelin world champion and Olympic medalist. Anniina Nikander
The medalists of the javelin throw competition Tero Pitkämäki and Antti Ruuskanen have built a million dollar business.
– The combined turnover of the Keihäsmies companies has risen from just over 200,000 euros in the first accounting year to almost five million euros today, Kauppalehti analyst Ari Rajala says.
The combined turnover of the ex-javelin throwers’ companies is now 4.7 million euros, while in the first year it was only 200,000 euros. Meanwhile, the companies’ profit has risen from 10,300 euros to 121,200 euros in the same period.
– However, when compared to the total turnover, the result is only 2.6 percent, so no master class results have been achieved, at least for now, Rajala says.
The two have several businesses. Pitkämäki & Ruuskanen Forest oy, which bears their name, offers a forest machinery contracting service.
The company’s turnover rose to 3.5 million euros last year. The company’s turnover increased by 1.2 million euros compared to a year earlier.
The company was founded in December 2021, and in the first 13-month financial period, the turnover was 200,4000 euros.
– The company’s turnover has grown strongly in recent years, says Rajala.
In the 2025 fiscal year, the profit after taxes was 44,400 euros. A dividend of 30,000 euros was proposed to be distributed.
At the end of the year, the company had 109,640 euros of distributable equity and 304,200 euros in cash. The dividend distribution could therefore be financed with cash.
A salary of 30,915 euros was paid during the year. According to the attached information, the service has had an average of 0.75 people.
Ruuskanen owns 40 percent of the company through Antti Ruuskanen oy., and Pitkämäki owns ten percent through Tero Pitkämäki Invest oy. The company also has three other shareholders who are owners through their own companies.
A business of over a million
Antti Ruuskanen is European champion and Olympic medalist. Anniina Nikander
Keihstähtäti is also joined by PR Forest Fertilization oy, whose CEO is Pitkämäki. The company offers ash and nitrogen fertilization carried out by helicopter.
The company was founded in December 2022. The turnover of fertilization services has grown to more than a million euros in a few years.
In its first year, the company’s turnover was 248,200 euros. Last year’s turnover was already 1.225 million euros and increased from the previous year by 79 percent.
After taxes, the result was 76,800 euros. The company has distributable capital of 211,465 euros, but no dividend is presented for distribution.
– There is no information about the company’s owners, but the board has the same people as in the forest contracting company, says Rajala.
Last year, the same group founded a company called Keihäsmetsät oy, whose business is forest ownership and management. The company’s turnover is zero euros, so there was no business yet.
There is capital
Tero Pitkämäki and Antti Ruuskanen star in the Savotta new series. Timo Villanen, Four
Pitkämäki and Ruuskasen also have their own branded companies.
Last year, Tero Pitkämäki Invest oy, owned by Pitkämäki, made a profit of 43,400 euros with a turnover of 46,400 euros. The result was improved by financing income of 10,400 euros.
No salary was paid for the company. Pitkämäki raised a 4,200 euro dividend.
The company had distributable capital of 91,906 euros at the end of the year. A dividend of 7,350 euros was distributed for the past year.
Antti Ruuskanen oy’s 2025 financial statements have not yet been sent to the trade register.
Ruuskanen won the javelin European championship in 2014. He also has EC bronze and Olympic silver.
Pitkämäki is the world champion of the sport from 2007. Plakkari has a total of seven prestigious medals for adults, which include Olympic bronze.