LapWall (LAPWALL) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue rose 28.2% YoY to €16.3m; EBITA increased 56.1% to €2.1m, with EBITA margin up to 13.1% from 10.8%.

• 9M revenue increased 25.7% to €39.6m and EBITA rose 66.9% to €4.1m; full-year guidance was unchanged, with revenue and EBITA expected near the upper ends of their ranges.

Financial highlights

• Q3 EBITDA was €2.446m, up 49.0% YoY; EBIT was €1.914m, up 67.0%.

• 9M EBITDA was €5.043m, up 53.1% YoY; EBIT was €3.478m, up 91.4%.

Outlook and guidance

• FY 2026 revenue guidance remains €49–54m and EBITA guidance €4.8–5.8m; both are expected near the upper end of their ranges.

• 2030 targets are ~€100m revenue and a 15–20% EBITA margin, contingent on demand growth, profitable sales, Pyhäntä ramp-up and ongoing productivity gains.

• The €49.6m offer pipeline and active project portfolio support prospects for new orders; focus remains on profitable contracts rather than volume at any price.