Overview
Finland defence technology group's 2025 revenue rose, but company posted a net loss
Profitability weighed down by impairments, divestment losses and restructuring costs
Company expects 2026 net sales to rise and EBITDA to turn positive, citing strong order book
Outlook
Summa Defence sees 2026 net sales from continuing operations at EUR 110-120 mln
Company expects EBITDA to turn positive in 2026, with growth focused in H2
Summa Defence says cost savings will be fully reflected from H2 2026 onwards
Result Drivers
IMPAIRMENTS AND RESTRUCTURING COSTS - Profitability was weighed down by impairment charges, divestment losses and higher goodwill amortization from restructuring
HIGHER REVENUE FROM DEFENCE DEMAND - Revenue growth driven by increased demand in the security and defence sector and merger effects
EARLY-STAGE COSTS AND UNPROFITABLE OPERATIONS - Early-stage costs from establishing the new company and unprofitable business operations weighed on results
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
EUR 100.9 mln
FY EBIT
-EUR 19.8 mln
Analyst Coverage
The stock recently traded at 347 times the next 12-month earnings vs. a P/E of 729 three months ago
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