KH Group (KHG) Q1 2026 earnings summary

Executive summary

• Net sales grew 7% year-over-year to EUR 44.6 million, but profitability declined with a comparable operating loss of EUR -1.1 million and net loss of EUR -2.9 million.

• Full-year 2026 outlook remains unchanged, supported by a positive sales outlook for Q2 and a strong order book for 2026–2027.

• Major refinancing completed, securing EUR 33.5 million in new financing agreements with Finnish institutions.

• CFO transition announced, with recruitment for a new CFO underway; new CEO for KH-Koneet to start June 2026.

Financial highlights

• Net sales: EUR 44.6 million (up from EUR 41.8 million year-over-year).

• Comparable operating profit: EUR -1.1 million (EUR 0.2 million in Q1/2025).

• Operating profit (EBIT): EUR -1.4 million (EUR -0.1 million in Q1/2025).

• Net profit: EUR -2.9 million (EUR -0.4 million in Q1/2025).

• Earnings per share: EUR -0.05 (EUR -0.01 in Q1/2025).

• Cash and cash equivalents: EUR 9.0 million at period end.

Outlook and guidance

• Net sales and comparable operating profit expected to increase in 2026 compared to 2025.

• Growth investments planned for core businesses, with dividend payments subject to balance sheet and financing constraints.