Wetteri (WETTERI) Q2 2025 earnings summary

Executive summary

• Revenue declined 8% year-over-year to EUR 224.5 million in H1 2025, with adjusted operating profit turning negative at EUR -2.8 million due to weak market demand and price competition.

• Profit for the period was EUR 7.2 million, driven by a one-time gain from the sale of Wetteri Power Oy.

• Turnaround and profitability programs are underway, targeting EUR 8 million in annual improvements and EUR 4 million in personnel cost savings.

• Management changes occurred, with a new CEO and CFO appointed in August 2025.

Financial highlights

• H1 2025 revenue: EUR 224.5 million (down 8% year-over-year); Q2 revenue: EUR 109.0 million (down 7%).

• Adjusted EBITDA: EUR 4.6 million (down 32%); adjusted operating profit: EUR -2.8 million (from EUR 0.1 million in H1 2024).

• Operating profit: EUR -4.2 million; profit before tax: EUR -8.8 million.

• Equity ratio improved to 20%; net debt reduced to EUR 102.9 million.

• Earnings per share from continuing operations: EUR -0.05.

Outlook and guidance

• Market shows tentative signs of recovery in car sales, especially for electric vehicles.

• Full impact of profitability program expected in 2026.

• Guidance for 2025 withdrawn due to market uncertainty; new guidance to be considered after strategy update.