July–September 2025 in brief

  • The Group’s net sales increased by 13.5% from the previous year to EUR 10.2 (9.0) million
  • The operating profit was EUR 1.1 (1.1) million
  • The profit for the period was EUR 0.9 (0.8) million
  • Earnings per share (undiluted) were EUR 0.06 (0.05)

January–September 2025 in brief

  • The Group’s net sales increased by 11.6% from the previous year to EUR 34.8 (31.1) million
  • The operating profit was EUR 4.5 (4.0) million
  • The profit for the period was EUR 3.4 (2.9) million
  • Earnings per share (undiluted) were 0.20 (0.18)

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

President and CEO Jari Lotvonen:

Proventia’s net sales continued to grow in the third quarter, even though sales volumes of engines and machines in the company’s key customer segment, the global off-highway machinery market, remained below average. The increase in net sales was mainly due to the establishment of serial production of two new products at the Czech plant, which increased delivery volumes. In addition, demand for emission control systems for mining machinery developed positively during the review period.

We are currently developing several new customer-specific emission control solutions, with serial production scheduled to begin in the coming years. The Czech factory is preparing for increasing production volumes and has continued to develop its production processes. We have invested in future growth by reallocating personnel resources from discontinued operations to continuing operations. Considering these investments, operating profit in the third quarter remained at a good level, at 10.5 percent of net sales.

In September, the company’s board of directors decided to establish a sales company in the US state of Texas. The organizational change implemented during the review period has progressed as planned. The new functional organizational structure is expected to support more efficient resource allocation in the future. In November–December, we will begin a gradual transition to the expanded facilities of our Technology Centre, which will further enhance our product development operations.

Key figures

EUR 1,0007–9/20257–9/20241–9/20251–9/20241–12/2024
Net sales10,1958,98034,75131,13641,927
Change in net sales, %13.5%–11.6%–-1.5%
Operating profit1,0711,1264,4824,0155,175
Operating profit, %10.5%12.5%12.9%12.9%12.3%
Earnings per share (EPS), undiluted, EUR0.060.050.200.180.24
Earnings per share (EPS), diluted, EUR0.050.040.190.170.23
Return on equity (ROE), %14.3%11.2%14.3%11.2%5.8%
Equity ratio, %68.1%62.4%68.1%62.4%67.1%
Return on capital employed (ROCE), %18.3%14.4%18.3%14.4%9.1%
Interest-bearing liabilities2,9893,7062,9893,7063,419
Net debt-1,514-6,058-1,514-6,058-1,800
Investments4989701,7972,4353,538

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. During the second quarter, the company decided to discontinue the Test Solutions business by the end of this year.

Guidance for 2025 (continuing operations, 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’s Business Review January–September 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 electric powertrains. We serve the leading global names in the off-highway 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.