Finland · Delayed Price · Currency is EUR Orthex Oyj Earnings Call Transcripts
Fiscal Year 2026
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Net sales grew 2.7% year-over-year in Q1 2026, led by strong European expansion and storage category growth, while the Nordics saw a slight decline. Rising raw material costs and market volatility are expected to impact Q2, but price increases and disciplined cost control are underway.
Fiscal Year 2025
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Q4 and full-year 2025 saw sales decline due to weak consumer sentiment, but profitability improved through cost control and lower raw material prices. The company strengthened its position in Europe, expanded branded stores, and updated its sustainability strategy.
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Q3 saw a 2.5% sales increase and improved profitability, driven by active campaigns and cost control, despite ongoing market challenges. Storage led growth, while kitchen sales declined. Strong cash flow and low leverage support continued investment and expansion.
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Q2 saw a 2.3% sales decline, but profitability improved due to cost control and strong growth in Europe outside the Nordics. Consumer caution and tough competition persisted, while new product launches and sustainability initiatives advanced.
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Q1 2025 saw a 4.7% sales decline due to weak consumer demand and Finnish strikes, impacting margins and EBITA. Despite challenges, cash flow and the balance sheet remain strong, with continued focus on sales growth, sustainability, and product innovation.
Fiscal Year 2024
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Net sales grew 4.4% year-over-year to EUR 89.7 million, led by strong storage and international sales. Adjusted EBITDA margin was 11.4%, with healthy leverage and a proposed dividend of EUR 0.22 per share. Market conditions remain challenging, but investments in new products and sustainability continue.
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Net sales grew 5.3% year-over-year, driven by 24.1% growth outside the Nordics, while profitability was impacted by higher costs and flat Nordic sales. New sustainable product launches and international expansion remain strategic priorities.
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Net sales grew 4.3% in Q2 and 5.9% for H1, driven by strong Nordic and European performance, with adjusted EBITA up 16% excluding last year's one-off. Strategic investments in sustainability and product innovation continue, while leverage and cash position remain solid.