Finland · Delayed Price · Currency is EUR Gofore Oyj Earnings Call Transcripts
Fiscal Year 2025
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Q4 and H2 2025 saw a strong rebound in profitability and growth, driven by major acquisitions and restructuring. The outlook for 2026 is positive, with integration of Huld and Esentri expected to deliver cost synergies and organic growth, especially in Defence & Space and DACH.
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Second quarter saw a 7.9% drop in net sales and a sharp decline in adjusted EBITDA, driven by market weakness and project write-downs. Major restructuring and the Huld acquisition aim to restore growth and profitability, with improved performance expected in the second half.
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The updated strategy targets €500 million net sales by 2030, focusing on organic growth, M&A, and expansion in the DACH region. Key growth areas include security, well-being, and automotive, supported by a strong culture, operational efficiency, and integrated AI capabilities.
Fiscal Year 2024
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2024 saw strong profitability despite a slight decline in net sales, with public sector and cybersecurity segments growing. The outlook remains cautious for early 2025, but long-term digital transformation demand and updated strategic targets support future growth.
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AI is gradually transforming industry, with benefits in automation and predictive maintenance, though adoption is cautious and cultural factors slow progress. KONE's digital strategy leverages AI for service growth and efficiency, while organizations see EU regulations as both a challenge and an opportunity for innovation and trust-building.
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Profitability improved in Q2 with a 12.7% adjusted EBITA margin, but net sales growth was flat due to a challenging market and fierce price competition. Public sector sales outperformed, and strong cash flow supports future acquisitions. Recovery is expected to be gradual.