The company’s adjusted EBITDA was EUR 3.1m (pre-announced) in Q2. Net sales declined by 24% y/y and stood at EUR 76.9m (pre announced). Revenue from core businesses was down by 9.8% mainly due to smaller project portfolio. The Power, the Energy Transition and the Connectivity segments reported lower adjusted EBITDA for core businesses than year ago in Q2. The order backlog for core operations was EUR 376m (379m) in Q2. The order backlog increased by EUR 5m in Q2 q/q. Equity ratio was 22% end of June. Clean EBITDA in core operations in 2025 is guided to EUR 16-20m (pre-announced, Nordea EUR 17.4m). The last of the non-core assets was divested in July and focus is now on efficiency improvements and profitable growth. The value uplift programme is progressing well and could lead to the annual EBIT run-rate improvement of EUR 6.5m mid-2026 (previously EUR 5m).
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