Honkarakenne (HONBS) H1 2026 earnings summary

Executive summary

• Net sales for H1 2026 decreased by 5% year-over-year to EUR 15.8 million, with operational EBIT improving to EUR -2.2 million from EUR -2.8 million.

• Order book grew 28% year-over-year to EUR 33.6 million, reflecting strong domestic demand and project business.

• CEO transition occurred, with Magnus Hindström appointed in April and starting in August 2026.

• Profitability program and cost adjustments underway to address structural challenges and improve earnings.

Financial highlights

• Operational EBIT (excluding non-recurring items) was EUR -2.2 million, up from EUR -2.8 million year-over-year.

• Profit before taxes was EUR -2.4 million (H1 2025: -2.9 million).

• Earnings per share was EUR -0.40 (H1 2025: -0.39).

• Equity ratio declined to 41.7% from 52.3% year-over-year.

• Net financial liabilities increased to EUR 2.2 million from EUR -0.8 million.

Outlook and guidance

• Net sales and operational profit for 2026 are expected to exceed 2025 levels, with timing of large deliveries (e.g., OnWood) impacting results.

• Focus areas for H2 2026 include cost structure adjustment, cash flow strengthening, and export/B2B growth.

• No detailed numerical guidance provided.