Prevas Reports Second Quarter Results, Impacted by Finnish Operations
Prevas reported adjusted EBITA of SEK 23.1 million for the second quarter, despite weaker performance in its Finnish operations. The company implemented restructuring measures to improve long-term profitability.
Prevas posted an adjusted EBITA of SEK 23.1 million (5.7%) for the second quarter, excluding restructuring costs of SEK 8.0 million. The overall group results were primarily impacted by weaker performance in its Finnish operations, although other parts of the group showed positive development compared to the previous year.
Restructuring measures were implemented during the quarter to strengthen long-term profitability. The company stated that an improved cost structure, higher utilization rates, and secured orders provide a stronger foundation for the second half of the year.
While specific figures for the Finnish operations' downturn were not detailed, the implemented measures are intended to address profitability challenges. The company indicated that the strengthened order book and operational improvements are expected to support future performance.
Prevas anticipates that the enhanced cost structure, increased utilization, and secured orders will contribute positively to the group's results in the latter half of the year.