LapWall (LAPWALL) Q3 2025 earnings summary

Executive summary

• Revenue for January–September was €31.5M, down 4% year-over-year; Q3 revenue grew 8.7% compared to Q3 2024.

• Order backlog increased to €20.2M at the end of September, up €7.9M from year-end.

• Major investment in Pyhäntä factory progressing on schedule and within budget, set to triple production capacity.

• New product launch for data center roof elements and first delivery contract with YIT mark entry into a growing segment.

Financial highlights

• EBITDA for January–September was €3.3M, down 30.8% year-over-year; EBITDA margin 10.5% (14.5%).

• EBITA for January–September was €2.5M, down 34.6% year-over-year; EBITA margin 7.9% (11.6%).

• EBIT for January–September was €1.8M, down 41.9% year-over-year; EBIT margin 5.8% (9.5%).

• Equity ratio at the end of Q3 was 42.3% (64.1% in Q3 2024).

Outlook and guidance

• Order backlog at €20.2M supports deliveries into early 2026.

• 2025 revenue guidance: €40–45M; EBITA guidance: €3.0–4.0M.

• Long-term target: €100M revenue and 15–20% EBITA margin by 2030.