Tuesday 3-Jun-2025
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Fortaco Group Holdco Plcs Business Review for January-March 2025

Edition AIFortaco Group Holdco Plcs Business Review for January-March 2025

Financial Highlights

  • Order intake: EUR 93.3 million
  • Net sales: EUR 82.3 million
  • Recurring EBITDA: EUR 1.2 million
  • EBITDA: EUR 0.3 million
  • Financials excluding divested businesses
  • Order intake: EUR 93.3 million
  • Net sales: EUR 82.3 million
  • Operational Highlights
  • Group-wide performance improvement program ongoing
  • Investments completed in Narva (Estonia), Holic (Slovakia), and Gliwice (Poland)
  • President CEO Mika Mahlberg’s Comments
  • Market challenges and profitability impacts
  • Importance of sustainability and SmartCabin product
  • Balance sheet strengthening and subsidiary sale

Key Figures

  • Net sales: EUR 82.3 million
  • EBITDA: EUR 0.3 million
  • Recurring EBITDA: EUR 1.2 million
  • ROCE: -5.0%
  • Equity ratio: 9.5%
  • Net gearing: 542.9%

Guidance for 2025

  • Net sales forecast: EUR 335-350 million
  • Recurring EBITDA forecast: EUR 20-23 million

Changes in Management

  • Lars Hellberg appointed to Supervisory Board
  • Mika Mahlberg appointed as President CEO

Events After Review Period

  • Initiation of written procedure on senior secured bonds
  • Profit forecast for 2025 and long-term financial outlook
  • Completion of amendments to senior secured bonds
  • Sale of subsidiary in Serbia

Financial Reporting in 2025

  • Half-Year Review on August 29, 2025
  • Business Review on November 26, 2025

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