Viafin Service (VIAFIN) Q1 2026 earnings summary

Executive summary

• Revenue for January–March 2026 increased by 3.2% year-over-year to EUR 20.8 million, with operating profit (EBIT) up 23.8% to EUR 0.8 million.

• Maintenance business drove growth, accounting for 91% of revenue, while project business declined.

• The operating environment remains challenging due to geopolitical risks, but recent investments in electrical maintenance and acquisitions support strategic goals.

Financial highlights

• EBITDA for Q1 2026 was EUR 1.2 million (5.8% of revenue), up from EUR 1.1 million (5.4%) year-over-year.

• Cash and cash equivalents stood at EUR 9.2 million, unchanged from the previous year.

• Cash conversion for the previous 12 months was 95.4%, up from 44.5% year-over-year.

Outlook and guidance

• Revenue for 2026 is estimated at EUR 90–100 million, with operating profit (EBIT) projected at EUR 5.8–7.4 million.

• The company targets 8% EBIT margin, cash conversion above 100%, and 10% average annual revenue growth for 2026–2027.

• Dividend policy aims for annual growth.