Finland's Norrhydro H1 revenue remains flat on reduced order intake
Finland's Norrhydro H1 revenue remains flat on reduced order intake
Overview
Finland hydraulic cylinder maker's H1 2026 revenue was flat yr/yr, up 0.14%
Profitability improved, with H1 EBITDA margin rising to 9.0% from 8.2%
Company cites operational efficiency and cost management for improved profitability
Outlook
Norrhydro expects 2026 revenue of EUR 30-32 mln and EBITDA of EUR 3-4 mln
Company sees main growth focus in second half of 2026
Company says market conditions remain uncertain due to geopolitical tensions and cautious investment
Result Drivers
ORDER INTAKE WEAKNESS - Co said Q2 order intake was below expectations due to geopolitical uncertainty and customer inventory reductions
OPERATIONAL EFFICIENCY - Improved profitability was attributed to operational efficiency and cost management
INCREASED INTEREST IN ELECTRIC CYLINDERS - Co said customer interest in electric cylinders rose as firms seek energy efficiency and digital solutions
Company press release: ID:nMFN7VjGmT
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 14.90 mln |
|
H1 Adjusted EPS |
| EUR 0.02 |
|
H1 EPS |
| EUR 0.02 |
|
H1 EBIT |
| EUR 721,000 |
|
H1 EBITDA |
| EUR 1.35 mln |
|
H1 EBITDA Margin |
| 9.00% |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Norrhydro Group Oyj is €1.70, about 39.9% above its July 14 closing price of €1.22
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(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.)