Luotea Oyj (0F29) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining us today. In this session, we will walk you through our second quarter performance and key financials and take a look at Luotea's strategic direction going forward. I will deliver the presentation together with our CFO, Mikas Tirkinen. And throughout the presentation, you can submit questions in the comment field and we will address them in a Q and A session at the end of the webcast. I will start with some highlights from the second quarter. In Q2, our group net sales increased by 1.5% from the second quarter of last year. Our adjusted EBITA was €2,500,000 up from €1,900,000 in the corresponding quarter last year. And adjusted EBIT was €2,200,000 up from €1,500,000 last year. This year, we expect reported group cost to normalize and group cost to decrease. Another positive development has been seen in our contract portfolio. Thanks to positive contract intake, it's up from the end of twenty twenty five. There are also some significant current news. We announced yesterday that we have appointed a new CEO for Luotea Sweden, Richard Nuren, and he will start latest by February fifth of next year. More on this shortly in this presentation. And as for our guidance, it remains unchanged. In 2026, our adjusted EBITA is expected to be better or materially better than the adjusted EBITA €7,000,000 in 2025. On this slide, we've seen the development of Luotea's net sales and our adjusted EBITDA. In the second quarter of twenty twenty six, our group net sales were €88,100,000 up by €1,300,000 from the corresponding quarter in 2025. If you wonder why the sales are still down slightly from Q4 twenty twenty five, that is a question of normal seasonality and the last quarter of the year is always the busiest of the year. And the group's adjusted EBITA also incr...