Q1 2026 Luotea Oyj Earnings Call Transcript
Good morning and welcome to Luotea's Q1 2026 results webcast.
And thank you for joining us today. In this session, we will walk you through our first quarter performance and key financials and take a look at the Luotea's strategic direction going forward.
The presentation will be delivered by me together with our CFO, Mika Stirkkinen, and throughout the presentation, you can submit questions in the comment field and we will address them in a Q&A session at the end of the webcast.
I will start with some highlights from the first quarter. The big news from the first quarter is, of course, that our parcel demerger was executed successfully as planned and Luotea has now operated as a separate company since the beginning of the year. In Q1, our group net sales decreased by 0.6% from the first quarter of the last year, and this was largely caused by challenges in Finland, which I will cover in the more details later.
Our adjusted EBITDA was EUR0.3 million, down from EUR0.5 million in the corresponding
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