News
11 August 2022

Solid earnings and strategy execution on track

April-June 2022

  • Net sales improved by 16 per cent to EUR 245.0 million (212.1). Organic growth1) was 10 per cent.
  • Adjusted EBITDA improved by 4 per cent to EUR 27.8 million (26.8), corresponding to an adjusted EBITDA margin of 11.4 per cent (12.6).
  • EBIT was EUR 15.9 million (17.7), which included EUR -3.6 million (-1.0) of comparability adjustments.
  • Cash flow from operating activities was EUR 32.0 million (12.6) 

January-June 2022

  • Net sales improved by 20 per cent to EUR 481.2 million (402.5). Organic growth1) was 15 per cent.
  • Adjusted EBITDA improved by 2 per cent to EUR 57.0 million (55.9), corresponding to an adjusted EBITDA margin of 11.9 per cent (13.9).
  • EBIT was EUR 30.0 million (36.4), which included EUR -11.1 million (-3.9) of comparability adjustments.
  • Cash flow from operating activities was EUR -6.9 million (5.6) 
  • The acquisition of Thermotech was completed on 1 March 2022

The half-year report has been published today and is available in English and Finnish on Purmo Group’s website at https://investors.purmogroup.com/ir-material/

 

Financial guidance for 2022

Purmo Group reiterates its financial guidance for 2022: For 2022, Purmo Group expects net sales to increase from 2021 (EUR 843.6 million). Adjusted EBITDA is expected to be comparable to 2021 (EUR 103.9 million). Comparable means a change within +/- 5 per cent from the previous year.

 
News conference and webcast for analysts, investors and media

CEO John Peter Leesi and CFO Erik Hedin will present the results to analysts, investors and media representatives in a live webcast at https://purmogroup.videosync.fi/half-year-report-2022/ on Thursday 11 August 2022 at 10:00 Finnish time (EEST). The event, including the Q&A session, will be held in English.

The webcast can also be attended via teleconference. To participate in the teleconference, participants are asked to dial in at least 5 minutes before the start of the event using one of the following telephone numbers and teleconference pin:

Finland Toll: +358 (0)9 7479 0572
Sweden Toll: +46 (0)8 5664 2754
United Kingdom Toll: +44 (0)330 165 3641
United States Toll: +1 646-828-8082

Teleconference PIN: 996752#

A recording of the event will be available on https://investors.purmogroup.com/ir-material/shortly after the event has ended.