“Net sales for July–September increased to EUR 8.8 million, marking a 39% increase compared to the same period last year. Operating result for the quarter was EUR 0.3 million, an improvement of EUR 1.5 million. Third-quarter performance was impacted by the breakdown of plant machinery early in the quarter and the weaker margin of orders received in spring 2024.
Orders received dropped in July-September by 60% year-on-year. Orders received last year were exceptionally high as a result of capacity growth and recovery in demand. The order book was EUR 16.6 million at the end of the review period of which EUR 10.2 million are for 2025 and the remaining EUR 6.4 million for 2026. Cash flow from operations increased by EUR 1.8 million mainly due to the improvement in operating profit and the decrease in working capital and amounted to EUR 0.5 million.
Demand stayed robust, especially within the Semiconductor Industry customer segment, in which net sales increased year-on-year by 172%. Net sales also grew by 34% in the Security, Defense, and Aerospace segment. In contrast, the Automotive customer segment experienced a 23% decline in net sales, due to weak demand among end customers. The order book decreased by 13% from the same period last year, mainly due to last year’s exceptionally high order intake.
Due to strong demand, the Oulu plant’s capacity has been fully used for nearly a year. The commitment of the staff has enabled improvements in lead times and quality. Work on these continues, but I would like to thank the staff for their contribution to the change.
The company now has four consecutive profitable quarters behind it, after two difficult years. This, together with positive cash flow from operations, has allowed us to continue planning investments during July–September to increase capacity and improve quality. The planned equipment investments aim to not only increase capacity and improve quality, but also to reduce the risk of production disruptions. The company will continue to refine these plans during the autumn.”
Espoo, October 30, 2025
Manu Skyttä