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Honkarakenne (HONBS) investor relations material
Honkarakenne Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for 2025 were EUR 37.2 million, up 1.2% year-over-year, but operating profit declined to EUR -4.0 million from EUR -2.4 million.
Adjusted operating profit was EUR -3.9 million, and adjusted profit before taxes was EUR -4.3 million.
The order book grew 12% to EUR 24.8 million, reflecting increased project business orders.
The Board proposes no dividend or capital repayment for 2025.
Financial highlights
H2 2025 net sales fell 8% to EUR 20.4 million; H2 operating profit was EUR -1.2 million.
Full-year earnings per share were EUR -0.70, down from EUR -0.37.
Net financial liabilities rose to EUR 1.0 million from EUR -0.5 million.
Equity ratio stood at 53.1%, down from 59.7%.
Gross investments totaled EUR 0.9 million, mainly for production line upgrades.
Outlook and guidance
2026 net sales are expected to rise to EUR 42–45 million, with EBIT between EUR -1.0 and +0.5 million.
Growth is anticipated in both domestic and export project businesses, though economic and geopolitical uncertainties persist.
- Net sales up 15% year-over-year, but profitability remains negative amid market challenges.HONBS
Q2 202522 Aug 2025 - Net sales dropped 37% and operating profit turned negative, but the order book rebounded 44%.HONBS
Q2 202413 Jun 2025 - Net sales declined sharply but order book and financial position remain robust for 2025.HONBS
Q4 20246 Jun 2025
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