Viafin Service (VIAFIN) Q1 2025 earnings summary

Executive summary

• Revenue increased by 34% year-over-year to EUR 20.1 million in Q1 2025, with operating profit (EBIT) up 170% to EUR 0.6 million.

• Growth was seen in both maintenance and project business segments compared to the same quarter last year.

• Service portfolio expanded through the acquisitions of Bear Group Finland Oy and Karhu Workteam Oy, enhancing electrical maintenance capabilities.

Financial highlights

• EBITDA rose to EUR 1.1 million (5.4% of revenue), up from EUR 0.6 million (3.8%) year-over-year.

• Cash and equivalents at period end were EUR 9.2 million, down from EUR 13.8 million a year earlier.

• Cash conversion was 206% compared to 554% in the prior year period.

Outlook and guidance

• Revenue for 2025 is projected at EUR 90–100 million, with EBIT expected between EUR 5.8–7.4 million.

• Business volume is expected to stabilize in the second half of the year despite market uncertainty.

• Focus remains on improving maintenance profitability and expanding electrical, hydrogen, and wind power maintenance.