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Finland's Lamor Q3 revenue falls on project delays

By Reuters News


Overview

  • Finland environmental solutions firm's Q3 revenue fell 21% yr/yr due to delayed customer decisions

  • Adjusted EBIT turned negative as cost savings did not offset lower revenue

  • Company's Kilpilahti plant produced circular oil for first time after reporting period


Outlook

  • Lamor expects 2026 revenue of EUR 65–75 mln

  • Company expects 2026 adjusted operating profit to be significantly below 2025 level

  • Lamor says uncertainty remains over timing of large projects due to geopolitical and economic factors


Result Drivers

  • PROJECT DELAYS - Lamor said revenue and profitability weakened due to delayed customer decisions on major projects in the Middle East and Europe

  • ORDER INTAKE DROP - Co reported a sharp decline in orders received, with Q3 orders falling to EUR 4.8 mln from EUR 17.3 mln a year earlier

  • COST SAVINGS - Lamor said its cost-saving programme reduced fixed costs by EUR 4 mln yr/yr but was insufficient to offset lower revenue


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 17.49 mln

Q3 Adjusted EBIT

-EUR 423,000

Q3 EBITDA

EUR 152,000

Q3 EBITDA Margin

0.90%

Q3 Orders Received

EUR 4.80 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 €0.75, about 10.9% above its November 5 closing price of €0.68


Reuters Recommended Reads

  • Nov 5 - Finland's Enersense Q3 revenue rises on power business unit growth

  • Nov 5 - France's Veolia 9M revenue, profit rise on international operations, water activities

  • Nov 4 - Norway's Odfjell Q3 EBIT falls on softer markets


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.)

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