FORTACO AS AN INVESTMENT

TOGETHER WE SHAPE YOUR INDUSTRY.

Fortaco’s diversified industry exposure provides protection from cyclicality.

A man in a suit and glasses smiles in a portrait. Above him is a modern glass building. At the bottom left is a map of Northern Europe with several yellow-highlighted countries and blue location dots.

JANUARY – SEPTEMBER REVIEW 2025

In the third quarter of 2025, the market situation showed signs of recovery, although there are significant differences in demand volumes between different market segments. Comparable order intake increased by 16 per cent during the quarter compared to the corresponding period last year. Our comparable net sales for July–September increased by 16% year on year. Our recurring EBITDA was EUR 4.3 (3.7) million, or 5.4% (5.0%) of net sales. The result continued to be significantly burdened by the ramp-up costs of the business unit in Gliwice, Poland.

The long-term outsourcing trend of OEMs continued in the third quarter, and we started contract manufacturing for several new strategic customers. In August, our Kurikka business unit in Finland also received NATO’s AQAP-2110 certificate, which is NATO’s quality standard for defence sector partners.

Next year, we will continue our determined efforts to improve profitability. Although market uncertainty continues, we believe that the market will continue to pick up cautiously during the rest of the year.

In the third quarter, we continued to advance our sustainability programme, for example by developing our climate programme. We also strive for responsible sourcing by promoting the use of more sustainable materials. Supplier Assurance is our preferred external rating platform. Our score has increased from around 60 in 2023 to around 80 in 2025 (the highest possible score is 100), and based on the results, we are ahead of both country-specific and industry-specific average results.