Martela Corporation's interim report 1 January – 30 September 2025

Core Insights - Martela Corporation reported improved revenue and operating results for January-September 2025 compared to the same period in 2024, with a profitable operating result in the third quarter [1][10][12]. Financial Performance - Revenue for July-September 2025 was EUR 20.7 million, unchanged from the same period last year, while revenue for January-September 2025 was EUR 70.9 million, reflecting a 14.5% increase from EUR 61.9 million in 2024 [5][10]. - The operating result for July-September 2025 was EUR 0.3 million, a significant improvement from a loss of EUR 0.9 million in the same period last year [5][12]. - The overall operating result for January-September 2025 was a loss of EUR 1.2 million, improved from a loss of EUR 4.8 million in 2024 [5][11]. - Earnings per share for July-September 2025 were EUR -0.09, compared to EUR -0.28 in the same period last year [5][9]. Market Outlook - Martela anticipates an increase in revenue for the full year 2025 compared to 2024, with expectations of operating profit close to zero [4]. - The company noted a slight decrease in new orders by about 1% during the review period, with revenue growth primarily in Finland, while other markets saw declines [10]. - The competitive landscape remains intense, but pressure on margins has lessened compared to the second half of 2024 [16]. Strategic Focus - The company is concentrating on improving profitability and cash flow, with measures already yielding commendable results expected to be fully realized later in the year [13]. - Martela aims to enhance customer engagement and develop service channels while maintaining a focus on sustainability and circular economy principles [14][15].