Tornator (TORNATOR) H1 2025 earnings summary

Executive summary

• Revenue grew by 23% year-over-year to €104.5 million, driven by strong wood demand and higher unit prices.

• Operative operating profit reached a record €74.3 million, up 24% from the previous year.

• Nearly 12,000 hectares of new forest were acquired in Finland, with €60 million invested.

• The updated vision targets 1 million hectares of forest and over €400 million in annual revenue by 2035.

• Sustainability initiatives included peatland restoration and a new partnership with WWF Finland.

Financial highlights

• Net sales: €104.5 million (up 23% year-over-year).

• IFRS operating profit: €84.4 million (up 39%).

• IFRS profit for the period: €57.7 million (up 44%).

• Comparable net profit: €49.8 million (up 30%).

• Cash flow from operations before financial items and taxes: €42.0 million (up from €34.8 million).

Outlook and guidance

• Cash flow and debt servicing capacity expected to remain strong and stable for the rest of 2025.

• Demand for wood and forest industry performance expected to stay positive; wood prices to remain at current levels.

• Long-term megatrends like climate change and population growth seen as drivers for renewable wood demand.