Finland's Orthex Q1 net sales rise 2.7%, profitability improves

Orthex Oyj

07/05/2026 07:09

Overview

Finland houseware maker's Q1 net sales rose 2.7% yr/yr, driven by growth outside Nordics

Q1 adjusted EBITA and EBITDA both increased, with improved profitability margins

Company expects higher raw material costs to affect profitability from Q2 onward

Outlook

Orthex does not publish a short-term outlook

Company expects higher raw material costs to impact profitability from Q2 onwards

Orthex reiterates long-term targets of >5% group sales growth and >18% adjusted EBITA margin

Result Drivers

REST OF EUROPE GROWTH - Co said net sales growth was mainly driven by increased sales of storage products outside the Nordics, with expanded distribution in major European retail chains

NORDICS WEAKNESS - Co said sales in the Nordics declined due to cautious consumer behavior in Finland and Sweden

RAW MATERIAL COSTS - Co said lower raw material prices supported Q1 profitability, but warned that rising costs due to the Middle East crisis had not yet impacted results

Company press release: ID:nWkr1Fz9Vh

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EBITDA
EUR 3.40 mln
Q1 Adjusted EBITA
EUR 2.10 mln
Q1 Basic EPS
EUR 0.08


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commodity chemicals peer group is "buy."

Wall Street's median 12-month price target for Orthex Oyj is €5.30, about 19.6% above its May 6 closing price of €4.43

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 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.)