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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Wulff-Yhtiöt
Wulff-Yhtiöt (WUF1V) investor relations material
Wulff-Yhtiöt Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary19 Oct, 2026
Executive summary
Q3 net sales rose 15.8% YoY to €36.1m; comparable operating profit reached a record €2.1m, up 42.8% YoY.
Q1–Q3 net sales increased 16.4% to €104.1m, driven chiefly by Worklife Services; comparable operating profit rose to €4.6m from €3.0m.
Growth was primarily organic in staff leasing, while accounting services expanded organically and through acquisitions; product-business earnings benefited from cost efficiency.
Financial highlights
Q3 EBITDA was €2.7m vs. €3.1m; comparable EBITDA was €2.8m vs. €2.2m. Reported EBIT was €2.0m vs. €2.3m; comparable EBIT was €2.1m vs. €1.5m.
Q3 gross margin was €9.8m, 27.1% of sales, vs. €8.7m and 27.9%; attributable net profit was €1.0m vs. €1.8m.
Q1–Q3 EBITDA reached €8.4m vs. €5.9m; comparable EBITDA was €6.9m vs. €5.1m. Reported EBIT was €6.2m vs. €3.9m; comparable EBIT was €4.6m vs. €3.0m.
Q1–Q3 attributable net profit was €4.0m vs. €2.2m; comparable net profit was €2.5m vs. €1.4m. EPS was €0.59 vs. €0.32; comparable EPS was €0.36 vs. €0.20.
Q1–Q3 operating cash flow was €4.4m vs. €3.8m; cash and cash equivalents ended September at €7.5m vs. €1.5m a year earlier.
Outlook and guidance
2026 guidance unchanged: net sales are expected to increase and comparable operating profit to remain at a good level; service businesses are expected to grow from 2025.
Guidance assumptions and risks include economic and employment conditions, inflation, interest rates, geopolitics, protectionism and intensified competition.
Strategy targets for 2030 are net sales of €230m, comparable operating profit of €20m and growing dividend per share.
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Latest events from Wulff-Yhtiöt
- Record H1 2026 sales and profit growth led by Worklife Services and strategic acquisitions.WUF1V
Q2 2026 - Net sales and profitability rose sharply, driven by segment growth and strategic acquisitions.WUF1VQ1 2026
- Targets €230 million revenue by 2030, driven by acquisitions and service expansion.WUF1VAGM 2026 presentation
- Record sales and profit growth in 2025, led by services, with a positive outlook for 2026.WUF1VQ4 2025
- Record Q3 sales and profit, led by Worklife Services growth and successful acquisitions.WUF1VQ3 2025
- Record net sales and robust service growth offset weaker product sales, supporting solid profitability.WUF1VQ2 2025
- Q3 net sales up 23.2% and profitability improved, led by Worklife Services growth.WUF1VQ3 2024
- Q2 net sales up 4.6% and profitability improved, with service business and acquisitions driving growth.WUF1VQ2 2024
- Worklife Services drove 16.7% sales growth, but margins and profit declined year-over-year.WUF1VQ1 2025
Next Wulff-Yhtiöt earnings date
Q4 202615 Feb, 2027
Wulff-Yhtiöt
Next Wulff-Yhtiöt earnings date
Q4 202615 Feb, 2027
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Frequently asked questions
Wulff-Yhtiöt Oyj is a Finland-based company specializing in workplace products and services. Its offerings include office supplies, IT accessories, ergonomics solutions, cleaning and maintenance products, and first aid equipment. Additionally, Wulff provides marketing and event services, supporting clients with trade shows and exhibitions globally. The company serves various industries, focusing on improving work environments with sustainable and eco-friendly products. Wulff operates in Finland and across the Nordic region, including Sweden, Norway, and Denmark. Its business is divided into contract-based sales and expertise-driven sales, catering to both small businesses and larger organizations. The company is headquartered in Espoo, Finland, and its shares are listed on the Nasdaq Helsinki.