Proventia Group Corporation's Business Review January-March 2026

January-March 2026 in brief

• The Group’s net sales increased by 12.3% from the previous year to EUR 13.6 (12.2) million
• The operating profit was EUR 1.6 (1.8) million
• The operating profit rate was 11.4% (14.6%)
• The profit for the period was EUR 1.1 (1.4) million
• Earnings per share (undiluted) were EUR 0.07 (0.09)
  
  The figures in brackets refer to the same period in the previous year.

Key Figures

EUR 1,000	1-3/2026	1-3/2025	1-12/2025
Net sales	13,646	12,155	47,426
Change in net sales, %	12.3%	15.9%	13.1%
Operating profit	1,562	1,779	5,717
Operating profit, %	11.4%	14.6%	12.1%
Earnings per share (EPS), undiluted, EUR	0.07	0.09	0.26
Earnings per share (EPS), diluted, EUR	0.06	0.08	0.25
Return on equity (ROE), %	8.0%	11.0%	9.3%
Equity ratio, %	57.9%	67.5%	59.1%
Return on capital employed (ROCE), %	10.2%	13.9%	11.8%
Interest-bearing liabilities	7,016	3,645	7,173
Net debt	248	-7,404	68
Investments	477	1,060	1,853

President and CEO Jari Lotvonen:

The year 2026 started as expected. Net sales for January–March increased by 12.3% compared to the corresponding period. Production volumes among agricultural machinery manufacturers remained at a low level, while strong demand from the mining industry continued after the turn of the year. The operating profit margin declined from 14.6% in the corresponding period to 11.4%. The decline in profitability was mainly attributable to changes in the relative shares of different product groups in total net sales, as well as investments in future growth.

Product development continued to be active in the first quarter. In response to record-high development project backlog, personnel resources were strengthened through internal arrangements, recruitment, and external expert resources. Some ongoing product development projects related to emission control systems are progressing gradually toward serial production during the current year, while newer projects are expected to move into production mainly during 2027-2030. In addition, the company continued development projects for larger engine power classes as well as for electric powertrains, which strengthen the company’s long-term growth potential.

During the review period, Proventia established a subsidiary in Texas, United States. The establishment of the subsidiary supports existing customer relationships and provides basis for expanding operations in a strategically important market. The subsidiary will begin operations as a sales company during the current year and, in line with the company’s objectives, may later expand into a production unit.

Despite increasing geopolitical tensions, the company’s confidence in its growth outlook has strengthened. Progress in several strategically important customer relationships and new product development projects supports the company’s business outlook.

Guidance for 2026 (unchanged)

Net sales and the operating profit are expected to increase in 2026 from the 2025 level. In 2025, net sales were EUR 47.4 million, and the operating profit was EUR 5.7 million.