LUT University’s academic results show significant improvement
The year 2019 was historic for LUT's research and education. The number of publications (Publication Forum rating 2-3) in high-quality journals increased by 23% compared to the previous year. The total number of these publications was 412.
Moreover, 780 students obtained their Master's degree in business or technology, which means an increase of 22% from the preceding year.
LUT University's operative result after returns and expenses was 3.2 million euros in deficit. However, LUT's overall result for the accounting period showed a surplus of 0.8 million euros due to returns on investments from capital raised in the past decade.
The university successfully acquired supplementary funding and achieved a turnover of 84.2 million euros, which is 3.8 million more than in the previous year.
LUT raised a total of 38.2 million euros in supplementary funding, which amounts to over 45 per cent of the university's turnover. The share of the core funding from the Ministry of Education and Culture was 46.0 million euros.
"We were highly successful in attracting supplementary funding last year. The national and international competition for research funding and corporate partnerships is intense. This year, we will do our utmost to secure our profitability even though the coronavirus poses significant challenges to all societal actors," says Rector Juha-Matti Saksa, LUT University.
Minna Sutela, Director of HR and Finance Services | 040 825 5407, firstname.lastname@example.org
Juha-Matti Saksa, Rector | 0400 166 659, email@example.com