January-March 2025 in brief

  • The Group’s net sales increased by 15.9% from the previous year to EUR 12.2 (10.5) million.
  • The operating profit was EUR 1.8 (1.2) million.
  • The profit for the period was EUR 1.4 (0.8) million.
  • Earnings per share (undiluted) were EUR 0.09 (0.05).

The figures in brackets refer to the same period in the previous year.

President and CEO Jari Lotvonen:

The year 2025 started with strong and profitable growth. Net sales increased by 15.9% compared to the same period last year, reaching 12.2 (10.5) million euros. The growth in net sales is mainly attributed to the start of serial production of two new products at our Czech factory in the fall of 2024. The profitability of the first quarter was at a good level and better than in the same period last year. Operating profit was 1.8 (1.2) million euros, and the operating profit margin was 14.6% (11.8).

In the Emission Control product group, collaboration with our long-term OEM customers and new customers continued positively, and negotiations for significant new customer projects progressed positively. The expansion of the Czech factory was completed ahead of schedule, ensuring sufficient production capacity and improving our competitiveness in the OEM market.

Battery development and pilot projects in the Electric Powertrain product group have progressed as planned. Additionally, we have invested in the development of complete hybrid systems.

Uncertainty in the market increased during the first quarter due to the tightened tariff policy in the United States. Proventia does not have direct exports to the United States, so changes in tariff rates do not significantly affect our business. However, potential increases in tariffs or other challenges related to the global operating environment may influence our customers’ demand and, consequently, reflect on our operations.

Key figures

EUR 1,0001-3/20251-3/20241-12/2024
Net sales12,15510,48441,927
Change in net sales, %15.9%–-1.5%
Operating profit1,7791,2365,175
Operating profit, %14.6%11.8%12.3%
Earnings per share (EPS), undiluted, EUR0.090.050.24
Earnings per share (EPS), diluted, EUR0.080.050.23
Return on equity (ROE), %11.0%16.6%5.8%
Equity ratio, %67,5 %64.2%67.1%
Return on capital employed (ROCE), %13.9%20.1%9.1%
Interest-bearing liabilities3,6454,5993,419
Net debt-2,293-9,328-1,800
Investments1,0608683,538

Proventia has classified the Test Solutions business as an asset held for sale and reports the Test Solutions business for the years 2024 and 2025 as discontinued operations in accordance with IFRS reporting practices. Unless otherwise stated, the figures reported in this business review pertain to continuing operations, which include the product groups: Emission Control, Thermal Components and Electric Powertrain.

Guidance for 2025 (unchanged)

Net sales and the operating profit are expected to increase in 2025 from the 2024 level. In 2024, net sales were EUR 41.9 million, and the operating profit was EUR 5.2 million.

Attachment: Proventia Group Corporation Business Review Jan-March 2025.pdf

Proventia Group in brief

Proventia is an internationally operating technology company that develops and manufactures state-of-the-art solutions for reducing emissions and enhancing energy efficiency. Our product portfolio includes innovative emissions control systems, efficient thermal insulation products, and advanced battery packs. We serve the leading global names in the off-road OEM engine and machinery industry. We consider people, the environment, and future generations in all our operations, with zero emissions being the company’s vision. Proventia employs about 180 industry professionals in Finland and the Czech Republic. Discover more at proventia.com or connect with us on LinkedIn @proventia.