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Nordic Fibreboard (SKN1T) investor relations material
Nordic Fibreboard Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenue for Q1 2026 was €1.86 million, up 7.3% year-over-year, driven by increased fibreboard sales, especially to Finnish DIY stores.
EBITDA was negative €395 thousand (margin -21%), and net loss widened to €570 thousand, impacted by factory shutdowns and higher energy costs.
Real estate segment revenue was immaterial after lease terminations; focus shifted to property development and sales.
Financial highlights
Revenue increased to €1.86 million from €1.73 million in Q1 2025.
EBITDA margin declined to -21% from -5% year-over-year.
Net loss increased to €570 thousand from €228 thousand in Q1 2025.
Operating cash flow was slightly negative at €13 thousand, a significant improvement from negative €528 thousand in Q1 2025.
Total assets rose to €9.7 million, liabilities to €5.8 million, and equity to €3.9 million as of 31.03.2026.
Outlook and guidance
Fibreboard demand expected to remain stable; focus on expanding Nordic market and developing new products.
Real estate segment progressing with Admirali Quarter development; preliminary sale agreement for ten properties signed, finalization expected by 30.06.2026.
- Q4 revenue rose 14.7% year-over-year, but full-year net loss deepened to €1.15 million.SKN1T
Q4 202527 Feb 2026 - Revenue up, EBITDA positive, net loss narrowed; share capital raised to strengthen finances.SKN1T
Q3 202529 Nov 2025 - Revenue and profitability declined in Q2 2025, with restructuring and sustainability focus ongoing.SKN1T
Q2 202528 Aug 2025 - Revenue up 8% in Q3 2024, but higher costs led to a net loss and negative EBITDA.SKN1T
Q3 202413 Jun 2025 - Q2 2024 revenue up 8% year-over-year, but net loss widened on revaluation loss.SKN1T
Q2 202413 Jun 2025 - Net loss widened on lower sales and weak construction demand, especially in Finland.SKN1T
Q1 20256 Jun 2025 - Q4 revenue up 15% but net loss deepened; 2025 outlook cautious amid sector headwinds.SKN1T
Q4 20245 Jun 2025
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