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Tornator (TORNATOR) investor relations material
Tornator H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 was €102.7 million, down 2% year-over-year, with timber deliveries on plan but lower prices than the prior year.
Operative operating profit was €72.5 million, down 2%, while IFRS operating profit fell 16% to €70.8 million.
Over 12,000 hectares of new forest were acquired in Finland, with investments nearing €60 million.
The company discontinued its own forestry worker operations, shifting all silviculture work to contractors.
Biodiversity initiatives included restoring 201 hectares of peatlands and controlled burning on 11 hectares.
Financial highlights
Net sales: €102.7 million (H1 2025: €104.5 million, -2%).
IFRS operating profit: €70.8 million (H1 2025: €84.4 million, -16%).
IFRS profit for the period: €44.9 million (H1 2025: €57.7 million, -22%).
Comparable net profit: €47.4 million (H1 2025: €49.8 million, -5%).
Equity ratio: 57.7% (H1 2025: 59.2%).
Cash flow from operations before financial items and taxes: €29.3 million (H1 2025: €42.0 million).
Outlook and guidance
Demand for wood is expected to strengthen in the second half of 2026, with moderate price increases.
Cash flow and debt-servicing capacity are projected to remain stable and strong for the rest of the year.
Long-term megatrends like climate change and population growth are expected to support demand for renewable wood.
- Strong growth, sustainability focus, and green financing drive positive outlook for timber and renewables.TORNATOR
CMD 2025 presentation - Record 2025 results, robust sustainability, and ambitious 2035 growth to 1M ha of forests.TORNATOR
CMD 2026 presentation - Revenue up 9% to EUR 232.2M, record profits, and forest assets exceeded 800,000 hectares.TORNATOR
H2 2025 - Record revenue and profit driven by strong wood demand and major forest acquisitions.TORNATOR
H1 2025 - Record revenue and profit, asset growth, and €70 million in dividends distributed.TORNATOR
H2 2024 - Turnover rose 1% to €85.1 million, with strong timber prices and stable outlook.TORNATOR
H1 2024
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