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.

BUSINESS REVIEW JANUARY-MARCH 2026

The first quarter of 2026 continued in the same vein as the positive fourth quarter of 2025. The market continued to recover partially at the beginning of the year. Our net sales grew 23 per cent year on year to EUR 101.5 (82.3) million and order intake increased by 9 percent year on year.

Our comparable recurring EBITDA increased significantly from the comparison period and was EUR 5.7 (1.2) million, or 5.6 (1.4) percent of net sales. The ramp-up of Business Site Gliwice is still ongoing, and we expect it to burden our result throughout 2026.

We commissioned a new flexible robotic welding line for production at our factory in Sablé, France, as well as a second welding robot line at Business Site Breitenau in Austria. Both investments support productivity and quality improvements.

In the first quarter of 2026, we continued to implement our sustainability program by supporting our customers in their green transition while ensuring compliance with evolving ESG regulations.

I would like to warmly thank all Fortaco employees for their strong dedication, our partners for good cooperation, and our customers and the main owner for trust during the past year and a half, during which I have had the opportunity to serve as the company’s President & CEO. Jure Mikolčić will start as Fortaco’s President & CEO on 1 August at the latest. I am confident that under his leadership, the company will move steadily towards its next phase of development.