Kesla (KELAS) Q3 2025 earnings summary

Executive summary

• Net result weakened year-over-year due to low summer demand, with revenue and orders both declining compared to the previous year.

• The company is evaluating further efficiency and cost-saving measures as the challenging market environment persists.

Financial highlights

• Q3 2025 revenue decreased 2.5% year-over-year to €7.3 million; orders received fell to €5.8 million from €9.1 million.

• Operating result for Q3 was -€1.35 million, down from -€0.71 million; EPS was -€0.45 (vs. -€0.27).

• For Jan–Sep 2025, revenue dropped 14.6% to €26.6 million; operating result was -€2.62 million (vs. -€0.29 million); EPS was -€0.91 (vs. -€0.24).

• Order backlog at period end was €7.9 million, down from €12.6 million.

• Operating cash flow remained positive at €337 thousand for Jan–Sep, but down from €1.63 million year-over-year.

Outlook and guidance

• Guidance for 2025 was lowered: revenue and operating result are expected to decline significantly and remain negative.

• The company continues to implement its long-term strategy but anticipates further efficiency and structural measures if weak demand persists.