Things didn’t go quite according to plan for L&T’s spin-off either: Luotea Oyj:n osavuosikatsaus 1.1. - 31.3.2026 | Kauppalehti
JANUARY–MARCH
- Revenue for the first quarter of the year was EUR 86.0 million (86.6). Revenue decreased by 0.6%.
- Adjusted EBITA for the first quarter was EUR 0.3 million (0.5), which was 0.4% (0.5%) of revenue.
- Adjusted operating profit for the first quarter was EUR -0.0 million (0.1), which was -0.0% (0.1%) of revenue. Operating profit was EUR -0.4 million (-0.0), which was -0.5% (-0.1%) of revenue.
- Net cash flow from operating activities after investments was EUR 3.6 million (6.6; the comparison period includes both continuing and discontinued operations).
- Earnings per share for the quarter were EUR -0.02 (0.09).
- The Annual General Meeting of Luotea Plc decided after the end of the review period on a dividend of EUR 0.07 per share.
CEO ANTTI NIITYNPÄÄ:
In Finland, the property services market continued to be characterized by intense price competition, ongoing customer savings programs, delays in investment decisions, and general economic uncertainty. In Sweden, the economic operating environment and the real estate market developed more positively, which was also reflected in the momentum of Luotea’s business.