Proventia Group Corporation’s Business Review January–September 2026
Third Quarter in Line with Expectations
July–September 2026 in brief
- The Group’s net sales increased by 14.5% from the previous year to EUR 11.7 (10.2) million
- The operating profit was EUR 1.0 (1.1) million
- The operating profit rate was 8.8% (10.5%)
- The profit for the period was EUR 0.6 (0.9) million
- Earnings per share (undiluted) were EUR 0.04 (0.06)
January–September 2026 in brief
- The Group’s net sales increased by 16.6% from the previous year to EUR 40.5 (34.8) million
- The operating profit was EUR 5.0 (4.5) million
- The operating profit rate was 12.3% (12.9%)
- The profit for the period was EUR 4.4 (3.4) million
- Earnings per share (undiluted) were EUR 0.26 (0.20)
The figures in brackets refer to the same period in the previous year.
Key Figures
| EUR 1,000 | 7-9/2026 | 7-9/2025 | 1-9/2026 | 1-9/2025 | 1-12/2025 |
| Net sales | 11,676 | 10,195 | 40,514 | 34,751 | 47,426 |
| Change in net sales, % | 14.5% | 13.5% | 16.6% | 11.6% | 13.1% |
| Operating profit | 1,023 | 1,071 | 4,986 | 4,482 | 5,717 |
| Operating profit, % | 8.8% | 10.5% | 12.3% | 12.9% | 12.1% |
| Earnings per share (EPS), undiluted, EUR | 0.04 | 0.06 | 0.26 | 0.20 | 0.26 |
| Earnings per share (EPS), diluted, EUR | 0.04 | 0.05 | 0.25 | 0.19 | 0.25 |
| Return on equity (ROE), % | 19.1% | 14.3% | 19.1% | 14.3% | 9.3% |
| Equity ratio, % | 53.6% | 68.1% | 53.6% | 68.1% | 59.1% |
| Return on capital employed (ROCE), % | 17.0% | 18.3% | 17.0% | 18.3% | 11.8% |
| Interest-bearing liabilities | 6,505 | 2,989 | 6,505 | 2,989 | 7,173 |
| Net debt | 2,575 | -2,640 | 2,575 | -2,640 | 68 |
| Investments | 910 | 498 | 2,540 | 1,797 | 1,853 |
President and CEO Jari Lotvonen:
Net sales growth continued in the third quarter of 2026. Net sales for July–September increased by 14.5% year on year to EUR 11.7 (10.2) million. Demand remained moderate in the agricultural and forestry machinery market, while demand in the mining machinery market remained strong. Operating profit was EUR 1.0 (1.1) million, representing an operating margin of 8.8% (10.5%). Investments in product development and preparations for the serial production of new products increased costs and personnel expenses during the review period, resulting in lower profitability than in the comparison period. We expect the new products to enter serial production in the second half of 2027, with production continuing for 5–10 years.
Net sales for January–September increased by 16.6% year on year to EUR 40.5 (34.8) million. Operating profit was EUR 5.0 (4.5) million, representing an operating margin of 12.3% (12.9%). Due to weak market conditions in agricultural and forestry machinery, we expect the net sales growth rate to slow in the fourth quarter.
Customer demand for product development projects was active. During the review period, we secured a new project covering the design and manufacture of an emission control system for engines with an output of more than 500 kW. The order marks a significant step in expanding our emission control solutions to higher engine power ranges and opens up new opportunities, particularly in power generation applications. Potential applications include generators used in data centers and for grid stabilization, where demand is expected to grow. The project’s product development phase will last approximately one year, and we expect serial production to begin at the end of 2027.
During the review period, we strengthened our pilot production capabilities for battery systems by investing in laser welding and production process automation.
During the remainder of the year, we will continue investing in the development of emission control solutions and battery systems, as well as advancing both existing and new customer projects. These investments provide a strong foundation for future growth.
Guidance for 2026 (unchanged)
Net sales and the operating profit are expected to increase in 2026 from the 2025 level. In 2025, net sales were EUR 47.4 million, and the operating profit was EUR 5.7 million.
Attachment: Proventia Business Review January–September 2026 (PDF)
About Proventia Group
Proventia is an internationally operating Finnish 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 systems. 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 around 200 industry professionals in Finland and the Czech Republic. Learn more at proventia.com and follow us on LinkedIn @proventia.
