Ovaro swings to H1 FY26 net loss of EUR 1.89 million; operating loss widens to EUR 1.3 million
Reuters2026/08/20 05:34- Ovaro Kiinteistösijoitus posted a net loss of EUR 1.89 million in H1 2026, swinging from a profit a year earlier.
- Operating profit turned to a loss of EUR 1.3 million, while revenue edged up to EUR 2.1 million.
- CEO Marko Huttunen called the result unsatisfactory, citing no recognized gains yet from development projects and EUR 0.4 million one-off costs.
- Cash fell to EUR 1.6 million; equity ratio dropped 5.9 percentage points to 49.6% and loan-to-value rose 12.1 percentage points to 60.4%.
- Board plans to propose a move to Nasdaq First North; Ovaro withdrew its 2026 earnings guidance and issued no new outlook.
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.
You may also like
Australian Dollar holds early losses driven by weak job data
SK Hynix (SKHY.US) "sky-high bonus" distribution plan preliminarily confirmed: 60% in shares, 40% in cash, with an average per capita bonus expected to reach 779 million KRW
According to a source familiar with the matter, South Korean chip giant SK Hynix has reached a preliminary wage agreement to distribute 60% of this year's employee bonuses in the form of company stock, with the remaining 40% to be paid in cash.
Bpost invests in 19 double-deck trailers to boost parcel transport capacity
AcadeMedia agrees to buy Dutch Florencius school group
