News

This is a tender results for our new Business Site in Poland

Informacja o wynikach zapytaniach nr 31 i 32

This is a tender results for our new Business Site in Poland.

In connection with the planned implementation of the project entitled “Fortaco smart factory – establishment of a new plant in Knurów” financed under:

THE NATIONAL RECOVERY AND RESILIENCE PLAN,

Component A ‘Resilience and competitiveness of the economy’,

Specific objective: Development of the national innovation system: strengthening coordination, stimulating innovation potential and cooperation between enterprises and research organisations, including in the field of environmental technologies,

Reform: A 2.1. Accelerating robotization, digitization and innovation processes.

The tender results are shown in attached file, click here to read them.

by Fortaco

Change in Fortaco’s Group Leadership Team: CFO Kimmo Raunio to move to a new position outside the company

Fortaco Group Holdco Plc  |  Stock Exchange Release  |  29 January 2026 at 9:00 am EET

Kimmo Raunio, Fortaco's CFO and Deputy to President & CEO, has announced that he will leave Fortaco to join another company. The recruitment process for the new CFO will be initiated immediately.

"I would like to thank Kimmo for his long career at Fortaco and for his valuable contribution, when we have built Fortaco the leading independent strategic partner for the global heavy off-highway equipment industries. I wish Kimmo all the best in his new challenges," says Mika Mahlberg, President & CEO of Fortaco.

"I would like to warmly thank Fortaco's entire Leadership Team, my great own team and other colleagues for these years together. These years have included many great moments that we can be proud of. I wish Fortaco success and all the best in the future," says Kimmo Raunio.

Further information

Mika Mahlberg
President & CEO
+358 40548 3353
mika.mahlberg@fortacogroup.com

Categories: Stock exchange releases

by Fortaco

Change in Fortaco Group Holdco Plc’s Supervisory Board

Fortaco Group Holdco Plc  |  Stock Exchange Release  |  23 December 2025 at 5 pm EET

Fortaco Group Holdco Plc’s sole shareholder OEP 81 B.V., a company governed by One Equity Partners, has on 23 December 2025 made a decision in a matter falling under the competence of the General Meeting in accordance with Chapter 5, Section 1(2) of the Finnish Limited Liability Companies Act (624/2006, as amended) without convening a General Meeting, stating that Markus Sjöholm, currently a member of the Supervisory Board, has been appointed Chairman of the Supervisory Board as of 1 January 2026 following the current Chairman Panu Routila expressing a wish to step down due to the demands of his other board responsibilities.

As of 1 January 2026, the members of Fortaco’s Supervisory Board are Markus Sjöholm (Chairman), Lars Hellberg, Marc Lindhorst and Sebastian Schatton.

More information

Mika Mahlberg
President & CEO
+358 40548 3353
mika.mahlberg@fortacogroup.com

Categories: Stock exchange releases

by Fortaco

Correction: Fortaco Group Holdco Plc’s Business Review January–September 2025

Fortaco Group Holdco Plc  |  Business Review  |  12 December 2025 at 4 p.m. EET

This is a correction to Fortaco Group Holdco Plc’s Business Review for January–September 2025 published on 26 November 2025 at 2:00 p.m. EET.

In the Business Review for January–September 2025, in the table “Consolidated statement of cash flow” on page 9, under “Repayments from current loans” in the period 1.7.–30.9.2025 an incorrect value of EUR -12,831 thousand was given (the correct value is EUR -7,375 thousand), and in the period 1.1.–30.9.2025, an incorrect value of EUR -21,143 thousand was given (the correct value is EUR -15,687 thousand).

Additionally, under ”Repayments of leasing liabilities” in the period 1.7.–30.9.2025 an incorrect value of EUR 3,542 thousand was given (the correct value is EUR -1,914 thousand), and in the period 1.1.–30.9.2025, an incorrect value of EUR -1,029 thousand was given (the correct value is EUR -6,485 thousand).

The errors concern only the values in question, and consequently, the summary lines in the consolidated cash flow statement are unchanged.

The corrected Business Review is attached to this release.

Fortaco Group Holdco Plc

Further information

Kimmo Raunio

Senior Executive Vice President & CFO

+358 40593 6854

kimmo.raunio@fortacogroup.com

Distribution

Nasdaq Helsinki Oy

Financial Supervisory Authority

Main media
investors.fortacogroup.com

Categories: Stock exchange releases

by Fortaco

Grow Together with Fortaco

Business Site Kurikka - Defense Supplier Day 2025

The first Fortaco Kurikka Supplier Day for suppliers delivering for the defense sector, was held with uplifting and collaborative energy. The day was organised to offer suppliers a chance to network, increase understanding of future needs, strengthen cooperation, and share information and insights of the industry. 

Our goals was to spark inspiration and excitement about the potentials this growing field offers, and also discuss how to move through risks and challenges together. The suppliers working with Fortaco in the defense sector are mostly the same as those who deliver parts to our other vehicle cabin products. The event gathered together partners from Finland and Europe.

One of our end customers, BAE Systems Hägglund, also attended, which brought extra value to the event. Their representative, Emil Berglund, Project Manager, walked us through the Beowulf Story — a story for their amphibious vehicle for military applications, Humanitarian Aid Disaster Relief, fire fighting and rescue operations. Beowulf is built for flexibility, and it has an outstanding pedigree of reliability, durability and high system availability. The needs of the Beowulf cabins are increasingly adapting from a dual-purpose cabin to a defense equipment cabin. BAE also offered great insights into the market situation and the keys and factors enabling success in the industry.  

Organized panel discussion answered to questions related to sourcing, and what is expected from suppliers in terms of defense industry requirements, delivery reliability, product quality, competitive pricing and enablers to these. Fortaco’s Defense Team focused on the end customer's requirements, the intended use of the product and the requirements it brings, as well as change management. One of the most highlights was the possibility to explore Beowulf, the front and rear cabins — to witness where suppliers’ products are being installed. 

We are grateful for all the visitors who attended, even in a bigger group than we expected. The feedback has been encouraging and highlighted a need to bring together the players within the industry to create strong and resilient cooperation.
 
Special thanks to Jonna Wakeman, Heta Hyvärinen, Arto Aro, Aki Komulainen, Gustav Svärd, Peter Green, and Anna-Maija Ilkka from Team Fortaco. They brought the event to life and people together, offering great hosting.

Let us together strengthen cooperation and innovation and bring forward moving energy to the industry — now and in the future.

by Fortaco

Fortaco Group Holdco Plc’s Business Review January–September 2025: Net sales and profitability trend improved during the latest quarter

Fortaco Group Holdco Plc’s Business Review  |  26 November 2025 at 2.00 p.m. EET

This release is a summary of Fortaco Group Holdco Plc’s Business Review for January–September 2025. The full release is attached and available on our website at https://investors.fortacogroup.com.

Unless stated otherwise, comparison figures in parentheses refer to the corresponding period in the previous year.

Financial highlights: July–September 2025

Reported financials

• Order intake was EUR 77.1 (70.3) million.
• Net sales were EUR 79.7 (73.3) million. Net sales increased due to gradually improving market during the review period, although Fortaco completed certain divestments after the comparison period.
• Recurring EBITDA was EUR 4.3 (3.7) million, i.e. 5.4 (5.0) per cent of net sales. Ramp-up costs impacting EBITDA in Gliwice, Poland, amounted to EUR -1.7 million. Recurring EBITDA excluding ramp-up costs in Gliwice amounted to EUR 6.0 million, i.e. 7.5 per cent of net sales.   
• EBITDA was EUR 3.9 (1.8) million, i.e. 4.9 (2.4) per cent of net sales.

Financials excluding divested businesses

Note: The financials presented below are based on the “New Fortaco” scope, i.e. excluding the marine, energy and heavy project businesses in Jászberény, Hungary and Kalajoki & Sepänkylä, Finland, which have been divested during 2024 as well as the marine and energy business in Gruza, Serbia, divested in 2025.

• Order intake was EUR 77.1 (66.6) million.
• Net sales were EUR 79.7 (69.0) million. Net sales increased due to gradually improving market during the review period.
• Recurring EBITDA was EUR 4.3 (3.6) million, i.e. 5.4 (5.3) per cent of net sales. Ramp-up costs impacting EBITDA in Gliwice, Poland, amounted to EUR -1.7 million during the period. Recurring EBITDA excluding ramp-up costs in Gliwice amounted to EUR 6.0 million, i.e. 7.5 per cent of net sales.
• EBITDA was EUR 3.9 (1.7) million, i.e. 4.9 (2.5) per cent of net sales.

Financial highlights: January–September 2025

Reported financials

• Order intake was EUR 268.2 (275.8) million.
• Net sales were EUR 251.1 (280.1) million. Net sales decreased due to continued soft market environment during the first half of the year and divestments completed after the comparison period.
• Recurring EBITDA was EUR 10.2 (14.7) million, i.e. 4.1 (5.3) per cent of net sales. Ramp-up costs impacting EBITDA in Gliwice, Poland, amounted to EUR -5.2 million. Recurring EBITDA, excluding ramp-up costs in Gliwice amounted to EUR 15.4 million, i.e. 6.1 per cent of net sales.
• EBITDA was EUR 8.0 (7.8) million, i.e. 3.2 (2.8) per cent of net sales.

Financials excluding divested businesses

Note: The financials presented below are based on the “New Fortaco” scope, i.e. excluding the marine, energy and heavy project businesses in Jászberény, Hungary and Kalajoki & Sepänkylä, Finland, which have been divested during 2024 as well as the marine and energy business in Gruza, Serbia, divested in 2025.

• Order intake was EUR 264.9 (254.1) million.
• Net sales were EUR 249.0 (257.8) million. Net sales decreased due to continued soft market environment during the first half of the year.
• Recurring EBITDA was EUR 10.4 (16.2) million, i.e. 4.2 (6.4) per cent of net sales. Ramp-up costs impacting EBITDA in Gliwice, Poland, amounted to EUR -5.2 million. Recurring EBITDA excluding ramp-up costs in Gliwice amounted to EUR 15.7 million, i.e. 6.3 per cent of net sales.
• EBITDA was EUR 8.3 (8.7) million, i.e. 3.3 (3.4) per cent of net sales.

Operational highlights

• Group-wide performance improvement programme focused on identifying and executing both profitability and cashflow improvement opportunities continued with full focus and is expected to deliver results as planned as year 2025 progresses. A new programme with even wider scope has been started, with focus on delivering profitability and cash flow improvements during 2026.
• Structural investments in Narva (Estonia), Holic (Slovakia) and Gliwice (Poland) were completed, and operations were started. The start-up and ramp-up phase of the Gliwice investment is impacting profitability negatively in 2025.
• On 23 May 2025, Fortaco Oy, a subsidiary of Fortaco Group Holdco Plc, signed an agreement on the sale of its Serbian subsidiary and its marine and energy business in Gruza, to Entec Evotec AS. The transaction was completed on 11 June 2025.
• Fortaco completed the reorganisation of its financing, including the extension of the maturity of the bond debt by two years, EUR 20 million of new equity to further strengthen the balance sheet and the liquidity position, other favourable amendments to the terms and conditions of the bond contributing to cash-flow improvements in 2025 and 2026 as well as extending the maturity of the EUR 7.5 million super senior revolving credit facility by two years.

Key figures

Fortaco Group’s key financials

Guidance for 2025

Fortaco estimates that its net sales will be in a range of EUR 335–350 (last year EUR 332 million, excluding divested businesses) million and recurring EBITDA in a range of EUR 20–23 million in 2025 (last year EUR 20 million excluding divested businesses).

President & CEO Mika Mahlberg’s comments

As we had estimated earlier this year, in the third quarter of 2025, the market situation showed signs of recovery, although there are significant differences in demand volumes between different market segments. The recovery of the market situation was also reflected in our comparable order intake, which increased by 16 per cent during the quarter compared to the corresponding period last year and amounted to EUR 77.1 million.

Our comparable net sales for July–September increased by 16% year on year and totalled EUR 79.7 (69.0) million. Operational profitability also improved. Our recurring EBITDA was EUR 4.3 (3.7) million, or 5.4% (5.0%) of net sales. The result continued to be significantly burdened by the ramp-up costs of the business unit in Gliwice, Poland, but this was offset by the increase in net sales and the Fortaco 25 performance improvement programme, which have resulted in a positive development in the profitability and cash flow of our core business.

The long-term outsourcing trend of OEMs continued in the third quarter, and we started contract manufacturing for several new strategic customers. In August, our Kurikka business unit in Finland also received NATO's AQAP-2110 certificate, which is NATO's quality standard for defence sector partners. Thanks to the certificate, we strengthen our position as a reliable preferred partner in demanding projects in the defence segment.

We continue our performance improvement programme

Next year, we will continue our determined efforts to improve profitability. We are currently planning the Fortaco 26 programme, which will continue and expand our current performance improvement programme throughout the Group.

Although market uncertainty continues, for example due to the US tariff policy, we believe that the market will continue to pick up cautiously during the rest of the year. However, the visibility of most of our customers does not extend beyond six months, so the outlook for next year is still uncertain. The market has been in a deep rut and has not yet returned to normal levels, although the trend is reversing.

The development of our sustainability programme continued

In the third quarter, we continued to advance our sustainability programme, for example by developing our climate programme. We set climate targets and prepared a transition plan and assessed climate risks and related economic impacts.

We also strive for responsible sourcing by promoting the use of more sustainable materials. Supplier Assurance is our preferred external rating platform used by many of our key customers. Our score has increased from around 60 in 2023 to around 80 in 2025 (the highest possible score is 100), and based on the results, we are ahead of both country-specific and industry-specific average results.

I would like to thank all Fortaco employees for their dedicated work and our partners for their smooth cooperation, as well as our customers and principal shareholder for the trust they have shown.

Events after the review period

On 1 October 2025, Fortaco completed the divestment of real estate used by its former marine and energy business in Kalajoki and Sepänkylä in Finland to Componenta. The purchase price was EUR 940 thousand. The divestment was the final part of the divestment of the marine and energy business in Kalajoki and Sepänkylä in Finland to Componenta, which was announced on 22 July 2024 and closed on 1 October 2024.

On 10 October 2025, Fortaco concluded an agreement, whereby it received without a consideration a long-term loan receivable of EUR 5.9 million (principal) from the sole shareholder of Fortaco Group, OEP 81 B.V. The agreement was a positive conclusion of a commercial dialogue between Fortaco Group, its shareholder and a certain seller of one of the previously conducted acquisitions.

Financial reporting in 2026

In 2026, Fortaco Group Holdco Plc will publish the following financial reviews:

• Financial Statements Bulletin for the year 2025 on Friday 27 February 2026
• Business Review January–March 2026 on Friday 29 May 2026
• Half-Year Review January–June 2026 on Friday 28 August 2026
• Business Review January–September 2026 on Friday 27 November 2026

Fortaco Group Holdco Plc
Board of Directors

Further information

Mika Mahlberg

President & CEO
+358 40 548 3353

mika.mahlberg@fortacogroup.com

Kimmo Raunio

Senior Executive Vice President & CFO

+358 40593 6854

kimmo.raunio@fortacogroup.com

Distribution

Nasdaq Helsinki Oy

Financial Supervisory Authority

Main media

investors.fortacogroup.com

Categories: Stock exchange releases

by Fortaco

Fortaco Group Holdco Plc’s financial reporting in 2026

Fortaco Group Holdco Plc  |  Stock Exchange Release  |  25 November 2025 at 4.00 pm EET

In 2026, Fortaco Group Holdco Plc will publish the following financial reviews:

• Financial Statements Bulletin for the year 2025 on Friday 27 February 2026
• Business Review January–March 2026 on Friday 29 May 2026
• Half-Year Review January–June 2026 on Friday 28 August 2026
• Business Review January–September 2026 on Friday 27 November 2026

Financial reviews are published in Finnish and English, and they can be accessed on the company website at investors.fortacogroup.com from the moment of publication. Fortaco observes a 30-day silent period before the publication of financial reviews.

Fortaco plans to publish its Annual Report for 2025 on week 12/2026 (the week beginning on 16 March 2026). The Annual Report includes the Board of Directors’ Report, audited Financial Statements, and Corporate Governance Report.

Further information:

Kimmo Raunio, Senior Executive Vice President & CFO

+358 40 593 6854

kimmo.raunio@fortacogroup.com

Categories: Stock exchange releases

by Fortaco

Fortaco Webinar - How Emotions Improve Decisions, Teamwork & Leadership | November 24

In the fast changing business landscape in-between digitalisation, automation and AI, some of the important skills to acquire are the skills that make us human.

Emotional Intelligence belongs to these, offering practical tools and framework inside which to grow professionally, personally, and as a leader.

It supports our problem solving, leadership, collaboration across countries, and decision making under pressure, helping leaders to understand how to guide their teams in more effective ways emotionally and mentally.

Join us November 24 / 12.00 CET to widen your understanding and to reflect your experiences around the topic.

In our webinar, we explore the science and the daily reality behind EI:

• how emotions affect performance and safety
• what emotionally intelligent leadership looks like
• how to stay calm under pressure
• how to understand others without losing accountability.

We have invited a great group of leaders and professionals from the field of EI to share their insights from the real world with practical examples:

Johanna Kuisma, Director, Financial Control, Fortaco Group
Mikael Persson, Executive Advisor
Birgitta Söderström, Licensed Psychotherapist, EQ-People
Pavel Maksimenko, Emotional Intelligence & Decision Psychology Coach, Co-Owner, Adeptus Oy

Register to the webinar, click here

See you in there!

by Fortaco