Pressmeddelanden, rapporter och bolagsmeddelande för Lamor Corporation Oyj

Lamor Corporation has released its interim financial report for Q1 2024, showing a revenue of 23.9 million euros, a 4.5% increase from the same period in the previous year. The adjusted EBIT for the quarter was approximately 0.5 million euros, representing 2.0% of revenue. New orders in the first quarter amounted to 16 million euros, a 48% increase from the comparison period, with significant orders related to equipment deliveries and smaller service projects. The geopolitical situation has affected business, particularly in the Middle East and South America. Lamor has also successfully initiated soil washing plants in Kuwait and won smaller-scale projects in Latin America and Oman. The company has established a new entity in the Netherlands focusing on oil spill response technologies and continued its environmental protection project in Saudi Arabia. Lamor's material recycling efforts are progressing, with a new agreement with Remeo for plastic waste supply and the expected commencement of plastic recycling by the end of 2024.

Lamor Corporation reported a 4.5% increase in revenue for Q1 2024, reaching €23.9 million. Adjusted EBIT was €0.5 million, with an adjusted EBIT margin of 2.0% of revenue. Despite geopolitical challenges, the value of new orders increased by 48% to €16.0 million. Significant orders were related to equipment deliveries and smaller service projects. Lamor's soil remediation services in Kuwait, Latin America, and Oman were noted, with new projects won in the latter two regions. The company also participated in environmental clean-up projects in Peru and Ecuador. A new entity was established in the Netherlands focusing on oil spill response technologies, primarily serving the European Maritime Safety Agency’s oil spill response preparedness in the North Sea. The company's material recycling efforts progressed with the delivery of the MARPOL port reception facility and oil spill response technologies to Bangladesh, and an agreement with Remeo for the supply of sorted plastic waste for a chemical recycling concept facility in Finland. Lamor's guidance for 2024 estimates its revenue to be at least at the same level as in 2023 (€122.5 million), but does not provide profitability guidance due to market uncertainties.