A strong start to the year, significant new customer agreements support long-term growth.

April–June 2025 in brief

  • The Group’s net sales increased by 6.3% from the previous year to EUR 12.4 (11.7) million
  • The operating profit was EUR 1.6 (1.7) million
  • The profit for the period was EUR 1.0 (1.4) million
  • Earnings per share (undiluted) were EUR 0.06 (0.08)

January–June 2025 in brief

  • The Group’s net sales increased by 10.8% from the previous year to EUR 24.6 (22.2) million
  • The operating profit was EUR 3.4 (2.9) million
  • The profit for the period was EUR 2.4 (2.1) million
  • Earnings per share (undiluted) were EUR 0.15 (0.14)
  • The group had 173 (177) employees at the end of June

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

President and CEO Jari Lotvonen:

In the second quarter of 2025, net sales increased by 6.3% compared to the corresponding period of the previous year, reaching 12.4 (11.7) million euros. Operating profit was 1.6 (1.7) million euros, with an operating profit margin of 13.2% (14.2), slightly below the level of the corresponding period last year. This was mainly due to changes in the sales mix between different product groups.

In Proventia’s key customer segment, the global market for off-highway machinery, engine and machine sales volumes remain below average, and we have not yet seen signs of improvement. Despite the market situation, we managed to grow, supported in part by the start of mass production of two new products at our Czech factory in the fall of 2024. In the Emission Control product group, we entered into three strategically highly significant product development and manufacturing contracts during the review period with some of the world’s leading operators in the off-highway machine industry. The development phase of the new products will take 2–5 years, after which serial production will continue well into the late 2030s, significantly strengthening our long-term growth prospects.

The expansion of the Oulunsalo Technology Center is progressing according to plan and is scheduled for completion in the final quarter of this year. This expansion will significantly enhance our product development capacity. At the same time, we have invested in boosting efficiency and strengthening cost competitiveness across both engineering and production.

Key figures

EUR 1,0004-6/20254-6/20241-6/20251-6/20241-12/2024
Net sales12,40211,67224,55722,15641,927
Change in net sales, %6.3%–10.8%–-1.5%
Operating profit1,6321,6533,4112,8895,175
Operating profit, %13.2%14.2%13.9%13.0%12.3%
Earnings per share (EPS), undiluted, EUR0.060.080.150.130.24
Earnings per share (EPS), diluted, EUR0.060.080.140.120.23
Return on equity (ROE), %6.6%15.6%6.6%15.6%5.8%
Equity ratio, %66.2%64.2%66.2%64.2%67.1%
Return on capital employed (ROCE), %10.6%18.9%10.6%18.9%9.1%
Interest-bearing liabilities3,2464,1283,2464,1283,419
Net debt-1,035-7,912-1,035-7,912-1,800
Investments2395961,2991,4653,538

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, we decided to discontinue the Test Solutions business by the end of this year. As a result of this decision, we made impairment write-downs amounting EUR 819 thousand euros on the assets of the Test Solutions business. These write-downs have no cash flow impact and do not affect the results or balance sheet position of the continuing operations.

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.

Attachement: Proventia Group Corporation’s Half-year Report January-June 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.