Fortaco Group – Financial Reporting 2026

Initial Summary

• Fortaco has set the schedule for its financial reports for 2026, with four reports planned throughout the year.
• The group will publish the 2025 annual report in week 12 of 2026.
• The strategic guidelines include a capital strengthening through 20 million euros of new capital, the extension of bond maturities, and an optimization plan (“Fortaco 25”).
• The company estimates a recovery in profitability and sales starting from 2026.
• The main risks involve macroeconomic uncertainties, cost pressures, and liquidity needs.

Financial Reporting 2026: Dates and Structure

In the November 25, 2025 announcement, Fortaco released the schedule for financial publications:

2026 Publication Schedule

• February 27, 2026 – Financial Statements Bulletin 2025
  
• May 29, 2026 – Business Review Q1 (January–March)
• August 28, 2026 – Half-Year Review (January–June)
• November 27, 2026 – Business Review January–September
  

The reports will be available in Finnish and English on the company’s investor website.
Fortaco will also observe a 30-day silent period before each publication.

The Annual Report 2025, including the audited financial statements, corporate governance, and the Board’s report, is scheduled for week 12 of 2026.

Performance 2024 and First Half of 2025

• Revenue 2024: €356.5 million (down from €373.8 million in 2023)
• Operating result 2024: -24.2 million €
  
• Order intake Q1 2025: €93.3 million (vs €107.8 million in Q1 2024)
• Q1 2025 Revenue: €82.3 million (vs €105.8 million)
• Recurring EBITDA Q1 2025: €1.2 million (1.4% of sales, compared to 4.3% in 2024)

The company thus reports a still fragile environment, with margins under pressure and declining volumes.

Ongoing Financial Restructuring

Fortaco has initiated a Written Procedure with the holders of the senior secured bonds. The main requests:

1. Two-year extension of the bond maturity
2. Adjustment of the interest rate for 2025 and 2026
3. Possibility of voluntary partial refunds up to €20 million (price 101%)

Simultaneously, the controlling shareholder One Equity Partners commits to a capital injection of 20 million euros, aimed at strengthening liquidity and stabilizing the balance sheet.

According to the company, these measures are crucial to alleviate pressure on cash flow during 2025.

Economic Forecasts

Fortaco estimates a significant improvement as early as 2026:

• Revenue 2026: €375–400 million
• Revenue 2027: €400–425 million
• Recurring EBITDA 2026: €35–39 million
• Recurring EBITDA 2027: €44–48 million

The anticipated recovery is primarily based on the results of operational optimization programs and cost containment.
However, the free cash flow will remain negative in 2026 and may only turn positive from 2027 onwards.

Main Risks

• Weak demand in the off-highway sectors
• Cost pressure (inflation, materials, logistics, wages)
• Critical short-term liquidity, despite fresh capital and renegotiations
• Operational risks related to the turnaround of sites like Breitenau (Austria) and the ramp-up of Gliwice (Poland)

The new financial calendar and restructuring initiatives indicate that Fortaco is aiming for a recovery and relaunch strategy based on three pillars:

1. Financial Strengthening
   
2. Operational improvement with the Fortaco 25 program
   
3. Selective growth in key facilities and increased digitalization

Success will depend on the ability to generate stronger cash flows and the stability of demand in an still uncertain macro environment.

Fortaco Group is undergoing a complex but targeted path to rebuild financial solidity and competitiveness.
The 2026 reporting, debt restructuring, and the fresh capital of €20 million form the foundation of the turnaround.

The forecasts indicate signs of improvement, but the real test will be managing liquidity and the ability to maintain operational efficiency in a challenging market.