Wulff-Yhtiöt (WUF1V) investor relations material

Executive summary

• Net sales reached a record EUR 67.9 million for H1 2026, up 16.7% year-over-year, with Q2 net sales up 17.4% to EUR 36.4 million.

• Comparable operating profit for H1 was EUR 2.5 million, a 62.8% increase year-over-year.

• Growth was driven by the Worklife Services segment, especially staff leasing and accounting services, with significant organic and acquisition-based expansion.

• The company aims for net sales of EUR 230 million and comparable operating profit of EUR 20 million by 2030.

Financial highlights

• H1 2026 EBITDA was EUR 5.7 million (8.4% margin), and comparable EBITDA was EUR 4.0 million (5.9% margin).

• Operating profit (EBIT) for H1 was EUR 4.2 million (6.2% margin); comparable EBIT was EUR 2.5 million (3.7% margin).

• Earnings per share (EPS) for H1 were EUR 0.45; comparable EPS was EUR 0.21.

• Return on equity (ROE) for H1 was 13.7%; return on investment (ROI) was 9.1%.

• Equity ratio at period end was 37.1%; debt-to-equity ratio improved to 63.2%.

Outlook and guidance

• Guidance for 2026 remains unchanged: net sales are expected to increase, and comparable operating profit to remain at a good level.

• Growth is expected particularly in service businesses, with key uncertainties including economic conditions, inflation, interest rates, and geopolitics.