Financial information

Lamor’s H1/2025: Equipment orders at a good level, profitability above comparison period – Company accelerates efficiency initiatives

31 July 2025

After the second quarter, Lamor’s profitability and order intake are above the comparison period, but in terms of revenue, the company fell further back from the comparison period than anticipated. The market demand for environmental protection equipment remained strong. However, increased volatility in the global economic outlook has led to delays in customer decision-making related to service projects. To improve profitability, Lamor is accelerating operational efficiency initiatives according to the strategy. The aim is to achieve annual savings worth EUR 8 million by the end of 2026 compared to the level of 2024.

Click below to find the complete report:

 Lamor Interim Report January–June 2025

April–June 2025 in brief

• Revenue was EUR 21.1 million (27.1), a decrease of 22.1%
• EBIT was EUR 1.0 million (1.3) or 4.5% of revenue (4.8%), a decrease of 26,4%
• Adjusted EBIT was EUR 1.0 million (1.4) or 4.9% of revenue (5.2%), a decrease of 25.9%
• Net cash flow from operating activities was EUR +1.4 million (+1.8)
• Earnings per share (basic) was EUR -0.01 (-0.02)
• Orders received was EUR 20.3 million (13.6*), an increase of 49.0%

January–June 2025 in brief

• Revenue was EUR 40.2 million (51.0), a decrease of 21.3%
• EBIT was EUR 2.6 million (1.7) or 6.4% of revenue (3.3%), an increase of 52.3%
• Adjusted EBIT was EUR 2.8 million (1.9) or 6.9% of revenue (3.7%), an increase of 46.9%
• Net cash flow from operating activities was EUR -4.3 million (-11.3)
• Net working capital decreased by 33,9% compared to Q2/2024, amounting to EUR 51.4 million euros at the end of the period (77.8)
• Earnings per share (basic) was EUR -0.01 (-0.03)
• Orders received was EUR 47.9 million (29.7*), an increase of 61.4%

The figures in brackets refer to the comparison period, which is the same period the previous year, unless otherwise stated.

*Order intake and the order backlog for the second quarter of 2024 have been adjusted in the Q4/2024 report to reflect the updated order for the NEOM project.

Guidance for 2025 (unchanged)

• Revenue is expected to increase compared to the previous year (2024: EUR 114.4 million). 
• Adjusted operating profit is expected to increase compared to the previous year (2024: EUR 6.4 million).