Koskisen Oyj · OMXHEX:KOSKI
Koskisen Oyj — Q1 2026 Earnings Presentation
17 slides from Koskisen Oyj's earnings presentation, May 15, 2026
Slide 1: Koskisen Interim Report January-March 2026
Koskisen’s revenue increased – challenging market conditions and operational challenges weakened profitability Koskisen Corporation Interim Report January-March 2026 CEO Jukka Pahta 15 May 2026
Slide 2: Agenda
Agenda Financial and operational development Raw material sourcing Questions can be asked through the question function of the webcast. Questions will be answered after the presentation. 15/5/2026 2
Slide 3: Financial and operational development
Financial and operational development
Slide 4: Uncertainty in the operating environment continued
Uncertainty in the operating environment continued There were signs of cautious market recovery and an improvement in consumer sentiment at the beginning of the year The worsening geopolitical situation quickly reversed the trend Energy prices increased, and cost and inflationary pressures inten
Slide 5: Koskisen updated its guidance for 2026 regarding its adjusted EBITDA margin
Koskisen Corporation updated its guidance for 2026 regarding its adjusted EBITDA margin The updated profit guidance: Koskisen Group’s revenue for 2026 is expected to increase from the level of 2025. The adjusted EBITDA margin is expected to be below the level of full year 2025 (2025: 8.1%). The pr
Slide 6: Financial and operational development
Financial and operational development Revenue, EUR million Adjusted EBITDA, EUR million 30,4 %21.7 % Change 15/5/2026 6
Slide 7: Eight consecutive quarters of revenue growth
Eight consecutive quarters of revenue growth M€ 500 500 400 354,9 Quarterly revenue 300 reached an all-time high. 282,3 271,3 200 105 86,3 89,7 95,1 100 83,8 73,2 73,9 77,8 67,8 68,7 73 63,7 55,5 0 23 25 24 24 24 24 Q1 Q2 Q3 Q4 FY 28 15/5/2026 7
Slide 8: Challenging market conditions and operational challenges weakened profitability
Challenging market conditions and operational challenges weakened profitability Adjusted EBITDA M€ Adjusted EBITDA-% 40 25% 33 20% 30 29 24 2020–2025 ∅ 15.2% 15% 20 12% 2023–2025 10% ∅ 9.6% 9% 8% 10 EBITDA-% 6.6 5% 6% 0 0% 2023 2024 2025 Q1 2026 15/5/2026 8
Slide 9: Strong financial position
Strong financial position EUR million 1-3 1-3 Change 1-12 Unless otherwise stated 2026 2025 % 2025 Revenue 105.0 86.3 21.7 354.9 EBITDA 6.5 9.4 -30.9 28.8 Adjusted EBITDA 6.6 9.5 -30.8 28.9 Operating profit (EBIT) 2.5 6.2 -60.0 14.3 Profit for the period 0.9 4.2 -78.6 8.6 Basic earnings per s
Slide 10: Personnel fund makes all Finnish employees shareholders
Through the personnel fund, all Koskisen employees in Finland will become share- holders in the company Koskisen introduced a personnel fund in February 2025 All employees of the Koskisen Group in Finland are members of the personnel fund The fund manages performance- or profit- based bonuses
Slide 11: Higher delivery volumes of sawn timber increased revenue
Sawn Timber Industry Q1 2026 Higher delivery volumes of sawn timber increased revenue Revenue, EUR million Revenue increased and amounted to EUR 64.6 (48.7) million Revenue was clearly increased compared with the comparison period by higher deliveries of sawn timber Deliveries of energy fractions
Slide 12: Järvelä sawmill EBITDA improvement remains below targeted level
The improvement in Järvelä sawmill EBITDA remains below the targeted level of EUR 8 million – the achieved level is still approximately 65% The targeted annual production volume 100% has not been achieved: reaching the 90% annual production target of 400,000 cubic 80% 70% metres still requires mor
Slide 13: Lower chipboard delivery volumes had a negative impact on revenue
Panel Industry Q1 2026 Lower chipboard delivery volumes compared to the comparison period had a negative impact on Revenue, EUR million revenue Revenue increased and amounted to EUR 40.4 (37.6) million Revenue was increased by higher delivery volumes of birch plywood and the Kore business Lower de
Slide 14: Zero construction panels enable the reduction of carbon emissions in construction
Zero construction panels enable the reduction of carbon emissions in construction The Zero product family in Panel industry expanded into the construction panel category ZeroFloor and ZeroWall construction panels, made from bio-based and fully renewable materials, enable the reduction of emissio
Slide 15: Raw material sourcing
© KKOSKKISEN Raw material sourcing
Slide 16: Raw material sourcing
Raw material sourcing Wood raw material procurement progressed as planned during Q1, with purchase volumes in line with the comparison period Raw material purchase prices declined from last year until the beginning of Q1, after which they have shown a slight upward trend Wood raw material inve
Slide 17: Thank you.
Thank you.