Luotea (LUOTEA) Q1 2026 earnings summary

Executive summary

• Partial demerger executed as planned at year-end 2025; company now operates independently since 2026.

• Q1 net sales were EUR 86 million, down 0.6% year-over-year, mainly due to challenges in Finland.

• Adjusted EBITDA fell to EUR 0.3 million from EUR 0.5 million year-over-year; adjusted EBITA nearly flat.

• Customer and employee satisfaction improved, with NPS rising to 18 and eNPS to 24.

• Earnings per share were EUR -0.02, compared to EUR 0.09 in Q1 2025.

Financial highlights

• Group net sales: EUR 86 million, down 0.6% year-over-year.

• Adjusted EBITDA: EUR 0.3 million (down from EUR 0.5 million); adjusted EBITA: EUR 0.3 million.

• Operating profit was EUR -0.4 million, impacted by brand renewal, efficiency program, and legal case.

• Cash flow from operating activities after investments: EUR 3.6 million; cash increased to EUR 17.5 million.

• Equity ratio was 29.1% (33.4%), and gearing was 15.8% (76.1%).

Outlook and guidance

• 2026 adjusted EBITDA/EBITA expected to be better or materially better than 2025 (EUR 7 million).

• Guidance unchanged; positive contract wins and regulatory changes expected to support growth in Finland.

• Revenue in both Facility Services Finland and Sweden is expected to increase towards year-end.