Finland's Norrhydro nine-month revenue up on higher order intake

Overview

• Finland hydraulic cylinder maker's nine-month revenue rose 2.3% yr/yr

• EBITDA for January-September up 37% yr/yr, with improved profitability

• Order intake rose, led by mining, defence and recycling segments

Outlook

• Norrhydro expects 2026 revenue of EUR 30–32 mln, unchanged from previous guidance

• Company sees 2026 reported EBITDA of EUR 3–4 mln

• Company expects growth to be concentrated in H2 2026

Result Drivers

• COST SAVINGS AND PRODUCTIVITY - Co said profitability improved due to cost-saving and productivity measures

• SEGMENT GROWTH - Mining, defence and recycling segments drove order intake growth

• EMA PRODUCT ORDERS - New EMA product orders, especially in defence, contributed to results

Company press release:

Key Details

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 €1.40, about 13.4% above its October 20 closing price of €1.24

Reuters Recommended Reads

• Oct 20 - Finland's Ponsse Q3 net sales fall 7.4% as demand weakens

• Oct 19 - Norway's Mowi Q3 harvest volumes and EBIT hit record highs

• Oct 20 - Switzerland's ABB Q3 revenue rises 14%, to form joint venture with Mitsubishi Electric

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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.)