Panostaja (PNA1V) Q1 2026 earnings summary

Executive summary

• Group net sales declined by 8% year-over-year to €30.5M, with only two out of four segments showing growth.

• EBIT dropped to €-0.9M from €0.7M year-over-year, with three out of four segments seeing deteriorated operating profit.

• Earnings per share (undiluted) fell to -2.1 cents from 0.0 cents year-over-year.

• Market uncertainty, driven by geopolitical instability and inflation, negatively impacted investment decisions and segment performance.

Financial highlights

• Net sales: €30.5M (down from €33.1M year-over-year).

• EBIT: €-0.9M (down from €0.7M year-over-year).

• Profit before taxes: €-1.5M (down from €0.4M year-over-year).

• Profit/loss for the period: €-1.4M (down from €0.3M year-over-year).

• Interest-bearing net liabilities: €35.7M (down from €38.5M year-over-year).

Outlook and guidance

• Demand for all segments expected to remain satisfactory in the short term, but significant uncertainties persist due to geopolitical and macroeconomic risks.

• Corporate acquisition market remains subdued, with fierce competition for quality targets.

• Active exploration of new investment and divestment opportunities will continue.