Quarterly results at a glance
Lamor reported second-quarter revenue of EUR 20.02 million as the company navigated difficult market conditions. Adjusted earnings before interest and taxes for the quarter amounted to EUR 764,000. Reported EBITDA was EUR 1.16 million, equivalent to a 5.80% margin.
Order flow and operational developments
Order intake during the quarter was EUR 19.02 million, a decline relative to the same period in the prior year. The company said it completed commissioning of its Kilpilahti facility within the quarter. Following the reporting period, Lamor also announced new financing arrangements.
Drivers behind the performance
Management attributed the softer performance to geopolitical uncertainty. According to the company, heightened uncertainty has induced more cautious decision-making among customers, making the timing of projects harder to predict.
Cost actions and organisational change
During the quarter Lamor said it advanced a cost savings program designed to deliver EUR 8 million in annual savings by the end of 2026. The company also transitioned to a global operating model, which it reported has improved agility and the allocation of resources.
Outlook for full-year 2026
For the full year 2026 Lamor expects revenue in the range of EUR 80 million to EUR 92 million. The company projects adjusted operating profit to meet or exceed 2025 levels. Management emphasized that both revenue and profitability are weighted toward the second half of the year.
Clear summary
Lamor posted EUR 20.02 million in Q2 revenue with positive adjusted EBIT of EUR 764,000 and EBITDA of EUR 1.16 million (5.80% margin). Order intake fell to EUR 19.02 million. The firm completed Kilpilahti commissioning, secured new financing after the quarter, accelerated a EUR 8 million annual cost savings plan and shifted to a global operating model. Full-year 2026 guidance is EUR 80-92 million in revenue, with adjusted operating profit expected to at least match 2025 and a bias toward the second half of the year.
Key points
- Revenue and profitability: Q2 revenue EUR 20.02 million; adjusted EBIT EUR 764,000; EBITDA EUR 1.16 million (5.80% margin).
- Demand and orders: Order intake EUR 19.02 million, below year-ago levels, reflecting softer customer activity.
- Operational moves: Kilpilahti facility commissioning completed and new financing arranged post-quarter; global operating model adopted to improve agility and resource allocation.
Risks and uncertainties
- Geopolitical uncertainty: The company cites geopolitical tensions as driving customer caution and making project timing unpredictable; this affects demand for environmental services and project execution.
- Order intake weakness: Lower order intake compared with the prior year could limit near-term revenue visibility and impact cash flow timing in project-based operations.
- Execution of savings program: Lamor targets EUR 8 million in annual savings by end-2026; the realisation of these savings is a material factor for meeting profitability targets.