Consti (CONSTI) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 reached EUR 65.6m, up 0.1% year-over-year, reflecting seasonally low business volumes.

• EBIT for Q1 2025 was EUR -0.1m, down from EUR 0.2m in Q1 2024, with profitability impacted by lower-than-expected service business results and resource allocation to secure order backlog.

• Order intake surged 65.5% year-over-year to EUR 60.1m, while order backlog grew 0.8% to EUR 246.4m, supporting future performance.

• Housing Companies and Building Technology segments grew, while Corporations and Public Sector segments declined.

• Financial and liquidity positions remained strong, with a focus on operational efficiency and strategy implementation amid intense market competition.

Financial highlights

• Net sales: EUR 65.6m in Q1 2025, up 0.1% year-over-year.

• EBIT: EUR -0.1m in Q1 2025, EBIT margin -0.2% (vs. 0.3% in Q1 2024).

• Free cash flow: EUR -0.5m in Q1 2025, unchanged year-over-year.

• EBITDA: EUR 0.8m in Q1 2025 (vs. EUR 1.3m in Q1 2024), margin 1.2% (vs. 2.0%).

• Net debt: EUR 3.6m at quarter-end, up from EUR 1.3m a year earlier; gearing 8.3%.

Outlook and guidance

• Operating result for 2025 is estimated to be in the range of EUR 9–12m.

• Construction volume in Finland expected to grow by 4% in 2025; renovation by 1%, new residential construction by 10%.

• No significant improvement in construction demand outlook anticipated for H1 2025 due to economic uncertainty and financing constraints; competition remains intense.

• Focus remains on maintaining solid performance, leveraging a healthy order backlog and updated strategy.