Finland · Delayed Price · Currency is EUR Lamor Corporation Oyj Earnings Call Transcripts
Fiscal Year 2025
-
Efficiency program delivered EUR 2 million in savings, with profitability up despite lower revenue. Kilpilahti recycling plant to start production in Q1 2026, with limited revenue contribution this year. Guidance for 2026 is cautious, focusing on profitable growth and operational agility.
-
Q3 saw improved profitability and cash flow, despite slightly lower revenue year-over-year. Strategic projects in the Middle East and Bangladesh advanced, while the Kilpilahti circular oil plant nears commissioning. Large service orders face delays, but equipment sales and efficiency initiatives support a positive outlook.
-
Q2 saw strong order growth and improved profitability, though revenue lagged due to project timing. Strategic expansion in the Middle East and efficiency initiatives are underway, with full-year guidance maintained and a focus on accelerating order intake in H2.
-
New orders and profitability improved year-over-year, driven by strong equipment sales and project execution, despite lower revenue due to project phasing. Strategic investments in Saudi Arabia and ongoing efficiency programs support a stable outlook, though market volatility and geopolitical risks remain elevated.
Fiscal Year 2024
-
Order intake doubled year-over-year, but full-year revenue declined 6.6% due to lower large project activity. Strong cash flow and working capital improvements were achieved, with major investments in the Kilpilahti chemical recycling plant set to drive future growth.
-
Q3 delivered strong new orders and sequential profitability gains, though year-over-year revenue and margins declined due to project timing and a Kuwait adjustment. Major projects progressed globally, and leadership changes aim to boost market focus and efficiency.
-
Expansion in the Middle East and strong order intake marked H1, though revenue and profitability declined year-over-year. The Kuwait project cost update impacted results, but operational improvements and a robust pipeline support confidence in H2 performance.