Wulff-Yhtiöt (WUF1V) Q4 2025 earnings summary

Executive summary

• Net sales reached a record EUR 122.3 million in 2025, up 19.0% year-over-year, with strong growth in service businesses, especially staff leasing and accounting services.

• Operating profit (EBIT) rose to EUR 4.8 million from EUR 3.2 million, and comparable EBIT was EUR 4.0 million.

• The Worklife Services segment drove growth, while Products for Work Environments saw a slight decline in net sales.

• The Board proposes a dividend of EUR 0.17 per share for 2025, marking the eighth consecutive annual increase.

Financial highlights

• Q4 2025 net sales were EUR 32.9 million, up 18.0% from Q4 2024.

• EBITDA for 2025 was EUR 7.6 million (6.2% margin), and comparable EBITDA was EUR 6.8 million (5.6% margin).

• Earnings per share (EPS) for 2025 were EUR 0.31, with comparable EPS at EUR 0.20.

• Return on equity (ROE) improved to 13.1% from 8.2% year-over-year.

• Cash flow from operating activities increased to EUR 6.4 million from EUR 4.1 million.

Outlook and guidance

• Net sales are expected to increase in 2026, with comparable operating profit to remain at a good level.

• Growth is anticipated especially in service businesses, while uncertainties remain due to economic, employment, inflation, and geopolitical factors.

• Strategic targets include net sales of EUR 230 million and comparable operating profit of EUR 20 million by 2030.