FORTACO AS AN INVESTMENT

TOGETHER WE SHAPE YOUR INDUSTRY.

Fortaco’s diversified industry exposure provides protection from cyclicality.

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HALF-YEAR REVIEW JANUARY – JUNE 2025

The market situation remained challenging in the second quarter of 2025. Our comparable revenue for the quarter was below the level of the comparison period, as expected – however, our comparable order intake increased by approximately 7 per cent compared with the second quarter of last year.
 
Operational profitability declined from the comparison period and was significantly burdened by the ongoing ramp-up measures at the Gliwice Business Site in Poland. The turnaround process at the Breitenau Business Site in Austria, which is progressing as planned,  also continued to affect the result.
 
We are increasing production capacity at several plants to meet customer demand, and we see new, tangible opportunities in the market related to the long-term outsourcing trend. Our performance improvement programme, Fortaco 25, had a positive impact on second-quarter profitability and partly offset the cost effects of the ramp-up operations in Gliwice.
 
Despite the positive signs observed in some of Fortaco’s customer segments, the market does not yet show signs of broad-based recovery, although conditions in the mining and defense equipment industries remain favourable.

Our balance sheet and liquidity strengthened significantly in May, when the company’s principal shareholder made an equity investment of EUR 20 million in the company. Amendments were also made to the terms and conditions of our bond to strengthen cash flow.
 
Fortaco’s personnel have done excellent work to improve our profitability and to meet the needs of our customers. I would like to thank all Fortaco employees for strong commitment but also wish to thank our partners for smooth cooperation, and our customers and principal shareholder for their continued trust.

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Mika Mahlberg

President & CEO

Key Figures 2024

Net sales

EBITDA ¹)

Net sales excluding divested businesses

EBITDA ¹) excluding divested businesses

Personnel ²)

LTIF ³)

1) EBITDA excluding non-recurring items

2) Including rental people

3) Number of injuries per million working hours

FORTACO IS THE LEADING STRATEGIC PARTNER TO THE HEAVY OFF-HIGHWAY EQUIPMENT AND MARINE INDUSTRIES

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