Auroora Group (AUROORA) investor relations material

Executive summary

• Completed IPO on Nasdaq Helsinki in April 2026, raising €40.3M in gross proceeds to support growth and acquisitions.

• Q1 2026 net sales grew 41.7% year-over-year to €51.3M, with all segments contributing to growth.

• Adjusted EBITA increased 53.8% to €1.7M, representing 3.2% of net sales.

• Order backlog rose to €162.7M, improving growth visibility.

• Acquisition of Rasmix Oy, a Finnish circular economy specialist, completed in Q1 2026, strengthening the Clean Water and Environmental Technology segment.

Financial highlights

• LTM net sales reached €239.8M, up 29.1% year-over-year; adjusted LTM EBITA at €17.4M (7.3% margin).

• Adjusted operating profit was €-0.2M, down 29.7% year-over-year, impacted by IPO-related costs.

• Cash flow from operating activities was €1.7M, affected by IPO costs and seasonal working capital needs.

• Interest-bearing net debt increased to €56.2M; equity ratio declined to 34.0%.

• Earnings per share (diluted) was €-0.16, compared to €-0.14 a year earlier.

Outlook and guidance

• On track to achieve €400M LTM revenue target by 2028, with at least half of growth from acquisitions.

• Long-term targets for 2028: adjusted EBITA margin ≥10%, ROCE ≥15%, net debt/EBITDA ≤2.0x.

• Dividend policy aims for annually growing dividends, considering capital allocation needs.

• Management sees potential for further profitability and capital efficiency improvements.

• No separate financial guidance for 2026 provided.