Consti Oyj · OMXHEX:CONSTI
Consti Oyj — Investor Presentation (February 2026)
26 slides from Consti Oyj's investor presentation, Feb 25, 2026
Slide 1: Consti Plc Investor Meeting hosted by SEB
CONSTI PLC INVESTOR MEETING hosted by SEB 25 February 2026 CEO Esa Korkeela CFO Anders Löfman
Slide 2: Consti Group is the leading renovation company in Finland
Consti Group is the leading renovation company in Finland Solid performance throughout uncertain market environment in 2021–2025 ANNUAL NET SALES (MEUR) ANNUAL ADJUSTED EBIT (MEUR) DIVIDEND PER SHARE (EUR) 2021–2025 2021–2025 2021–2025 TSR: 34% in 2021–2025** 336 327 12.3 321 11.4 9.5 10.2 9.4 305 0
Slide 3: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Strategy 2024–2027 4. Market outlook, guidance and summary 5. Appendix 2 25 February 2026 Consti Oyj / Investor Presentation
Slide 4: Highlights of FY 2025 and Q4/2025
Highlights of FY 2025 and Q4/2025 Net sales grew, operating result at a reasonable level NET SALES: EBIT: FREE CASH FLOW: EUR 336.2m EUR EUR 9.4m EUR EUR 16.8m EUR FY 2025 +2.7m FY 2025 +0.3m FY 2025 +6.1m EUR +9.5m Q4/2025 EUR -0.8m Q4/2025 EUR +9.6m Q4/2025 EUR 95.0m EUR 3.9m EUR 10.9m EUR EUR No.
Slide 5: Consti Group's net sales overview 2021–2025
Consti Group’s net sales overview 2021–2025 Strong growth in Housing Companies business area (21.9% y-o-y), diversified customer base an advantage in prevailing market conditions Net sales by business area1 Net sales by geography Net sales by customer group Net sales by project / service 11% 9% 13%
Slide 6: Net sales continued to grow in FY 2025
Net sales continued to grow in FY 2025 Growth was especially strong in the Housing Companies business area Quarterly net sales development Q1/2023–Q4/2025 (EUR m) Comments 115 ■ FY 2025 net sales EUR 336.2m (326.7m), growth of 2.9% year-on-year – Housing Companies net sales EUR 113.6m (93.2m) 92.3 9
Slide 7: Consti has maintained a reasonable level of profitability in 2025
Regardless of the prevailing market conditions and intense competition, Consti has managed to maintain a reasonable level of profitability in 2025 Quarterly EBIT development Q1/2023–Q4/2025 (EUR m) Comments ■ FY 2025 EBIT amounted to EUR 9.4 (10.2) million, FY’23 EBIT: FY’24 EBIT: FY’25 EBIT: EUR 12
Slide 8: Order intake during FY 2025 EUR 250.7m
Order intake during FY 2025 EUR 250.7m (259.0m), change of -3.2% y-o-y Quarterly order intake development Q1/2023–Q4/2025 (EUR m) Comments ■ FY 2025 order intake EUR 250.7m (259.0m), change of -3.2% y-o-y Tight competitive operating environment and weak 106.5 105.1 100 demand continued to affect o
Slide 9: Order backlog at EUR 208.2m at the end of 2025
Order backlog at EUR 208.2m (240.1m) at the end of 2025 Quarterly order backlog development Q1/2023–Q4/2025 (EUR m) Comments 350 ■ Year-end order backlog at EUR 208.2m (240.1m) – Year-on-year change -13.3% 300 – In relative terms a comparable amount and in absolute 297.9 terms a smaller amount of De
Slide 10: Number of personnel and other HR KPIs
Number of personnel and other HR KPIs Consti employed 981 (1,012) professionals at quarter-end Average number of personnel Permanent personnel turnover ratio Accident rate / LTIFR Average absence rate (%) 2021–2025 (% of employees leaving) (accidents per million hours worked) White-collar Blue-colla
Slide 11: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Strategy 2024–2027 4. Market outlook, guidance and summary 5. Appendix 10 25 February 2026 Consti Oyj / Investor Presentation
Slide 12: Excellent financial position at year-end
Excellent financial position at year-end Quarterly net debt development (EUR m) Quarterly equity ratio and gearing development Comments Q1/2023–Q4/2025 Q1/2023–Q4/2025 20 ■ Q4/2025 net debt at EUR -4.9m (2.7m), 100% of which EUR 3.1m (4.1m) attributable to IFRS 16 related lease liabilities 15 80% –
Slide 13: FY 2025 free cash flow EUR 16.8m
FY 2025 free cash flow EUR 16.8m (7.2m), 12-month cash conversion ratio 129.2% (50.5%) Quarterly free cash flow1) and EBITDA Q1/2023–Q4/2025 (EUR m) Comments ■ FY 2025 free cash flow EUR 16.8m (7.2m) 25 – EBITDA amounted to EUR 13.0m (14.3m) – Cash flow impact from change in NWC EUR 5.4m (-6.6m) Fre
Slide 14: Reported ROI and Consti ROCE
Reported ROI1) and Consti ROCE2) Return on capital continues to be on a good level Reported ROI1) and Consti ROCE2) Q4/2020–Q4/2025 (%) Comments ■ In financial years 2020–2025, Consti’s return on 35.3 % 40% capital employed has exceeded 20% 33.0 % 31.6 % 30.8 % 30.0 % 35% 29.3 % 27.8 % ■ Q4/2025 Con
Slide 15: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Strategy 2024–2027 4. Market outlook, guidance and summary 5. Appendix 14 25 February 2026 Consti Oyj / Investor Presentation
Slide 16: Consti will grow in construction and building technology
Consti will grow in construction and building technology by responding to the demand created by the ageing building stock, urbanisation, and climate change Fundamental Growing complexity in Urbanisation and changes Sustainability and energy market Ageing building stock construction and in the use of
Slide 17: Group Strategy 2024–2027
Group Strategy 2024–2027 The ageing building stock, urbanisation, and climate change to create demand for construction and building technology services going forward SELECTED COMMENTS ON THE PROGRESS OF THE STRATEGY ■ Growth not achieved due to intensified competition and ■ Growth in construction ba
Slide 18: Realisation of Consti's long-term financial targets in 2025
Realisation of Consti’s long-term financial targets in 2025 Growth Profitability Cash flow Capital structure Dividends The Company’s aim is to distribute as Net sales growing Cash conversion Net debt to adjusted EBIT-margin dividends at least 50 faster than the ratio exceeding 90 EBITDA ratio of les
Slide 19: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Strategy 2024–2027 4. Market outlook, guidance and summary 5. Appendix 18 25 February 2026 Consti Oyj / Investor Presentation
Slide 20: Construction confidence indicator still at a low level
Construction confidence indicator still at a low level at the end of Q4/2025 Economic Sentiment and Construction Confidence / Finland (2007–2025) Comments 150 – Economic Sentiment Indicator (ESI) Economic Sentiment Indicator 140 show positive development in 2025 ESI and CCI for Finland (Jan 2007 - S
Slide 21: Estimates for construction market growth have been lowered for 2025
Estimates for construction market growth have been lowered for 2025, recovery of the market is slower than expected Finnish new building and renovation market development 2008–2028 (Euroconstruct) Comments EUR b Renovation volume (real) New building volume (real) ■ According to the Euroconstruct’s N
Slide 22: Outlook and guidance for 2026
Outlook and guidance for 2026 Market outlook ■ According to forecasts, the renovation market is estimated to return to moderate growth or stay unchanged. Euroconstruct estimates 0.0 percent change and RT estimates 0.5 percent growth in renovation in 2026. ■ Euroconstruct estimates residential renova
Slide 23: Summary
Summary 1. Net sales grew, operating result at a reasonable level Regardless of the prevailing market conditions and intense competition, Consti has managed to maintain a 2. reasonable level of profitability in 2025 Operating result was negatively impacted by the prolonged downturn in construction,
Slide 24: Contents
CONTENTS 1. Highlights and Group performance 2. Cash flow and financial position 3. Strategy 2024–2027 4. Market outlook, guidance and summary 5. Appendix 23 25 February 2026 Consti Oyj / Investor Presentation
Slide 25: Consti as an investment
Consti as an investment ■ Stable profitability ■ Aging building stock driving need-based renovation ■ Solid platform for growth ■ Climate change and energy efficiency requirements ■ Asset-light business model with negative working Financial ■ Urbanisation and changes in working methods capital and s
Slide 26: Thank you!
THANK YOU! CONSTI PLC VALIMOTIE 16 FI-00380, HELSINKI BUSINESS ID 2203605-05 WWW.CONSTI.FI 25 25 February 2026 Consti Oyj / Investor Presentation