Finland's Luotea Q2 net sales rise 1.5% adjusted EBITA up 36%
Finland's Luotea Q2 net sales rise 1.5% adjusted EBITA up 36%
Overview
Finland facility services firm's Q2 net sales rose 1.5% yr/yr
Adjusted EBITA for Q2 grew 36% yr/yr
Company saw growth in Sweden, but cleaning services in Finland declined 7%
Outlook
Luotea expects 2026 adjusted EBITA to increase or increase significantly vs 2025 (EUR 7.0 mln)
Company sees medium-term market outlook supported by public sector outsourcing and procurement reforms
Luotea believes Finnish economic growth will support facility services in remainder of 2026
Result Drivers
SWEDEN GROWTH - Co said net sales in Sweden rose 9% in Q2, driven by improved service quality and customer satisfaction
FINLAND SEGMENT DECLINE - Co said cleaning and support services in Finland fell 7% in Q2 due to intense price competition, customer cost-saving programs and delayed investment decisions
SMARTTI SYSTEM DEPLOYMENT - Co said customer deployments of its Smartti energy management system progressed as planned in Q2
Company press release: ID:nGNE6c7lh7
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| EUR 88.10 mln |
|
Q2 EPS |
| EUR 0.01 |
|
Q2 Adjusted EBITA |
| EUR 2.50 mln |
|
Q2 Adjusted Operating Income |
| EUR 2.20 mln |
|
Q2 Operating Income |
| EUR 900,000 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Luotea Oyj is €2.70, about 38.2% above its August 5 closing price of €1.95
The stock recently traded at 2 times the next 12-month earnings vs. a P/E of 3 three months ago
Reuters Recommended Reads
Aug 4 - Canada's Dexterra Q2 revenue slightly misses estimates, FCF rises
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Aug 3 - Germany's Amadeus Fire H1 revenue falls on weak personnel services demand; EBITA drops
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.)