Finland's Lamor Q1 revenue falls, keeps 2026 view

Lamor Oyj

29/05/2026 07:11

Overview
Finland environmental solutions firm's Q1 revenue fell yr/yr amid postponed customer investments
Adjusted EBIT for Q1 turned negative, mainly due to anticipated lower revenue level
Company progressing with cost-saving program, expects improved profitability in H2 2026

Outlook
Outlook for 2026 is unchanged, says co
Lamor sees 2026 revenue between EUR 80 mln and EUR 92 mln
Company expects 2026 adjusted operating profit at or above 2025 level
Company expects adjusted operating profit to be around zero in H1, improving in H2

Result Drivers
POSTPONED INVESTMENTS - Customers delayed investment decisions due to challenging macroeconomic and geopolitical environment, leading to lower revenue and order intake
COST SAVINGS - Fixed costs were reduced by EUR 1 mln yr/yr as part of ongoing efficiency measures, including personnel reductions and savings in external services
PROJECT MIX - Revenue was mainly supported by the ongoing soil-remediation project in Kuwait, equipment deliveries to Europe, and projects in South America

Company press release: ID:nMFNGSw7v

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
EUR 14.28 mln
 
Q1 Adjusted EBIT
 
-EUR 286,000
 
Q1 EBITDA
 
EUR 305,000
 
Q1 EBITDA Margin
 
2.10%
 
Q1 Orders
 
EUR 8.31 mln
 

Analyst Coverage
The one available analyst rating on the shares is "sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy."
Wall Street's median 12-month price target for Lamor Corporation Oyj is €1.10, about 19.6% above its May 28 closing price of €0.92
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)