Lamor swings to Q3 operating loss of EUR 550,000
Bitget2026/11/06 08:05- Lamor swung to a third-quarter 2026 loss of EUR 1.75 million.
- Revenue fell 21% to EUR 17.49 million due to delayed customer decisions in the Middle East and Europe.
- Orders received dropped 72% to EUR 4.8 million, while the period-end order backlog declined 58% to EUR 35.03 million.
- The Kilpilahti plant resumed circular oil production on October 29 following repairs to a gas leak that caused a minor fire.
- The 2026 revenue outlook remained unchanged at EUR 65 million–EUR 75 million, with some anticipated orders and deliveries expected in 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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