{"url":"https://newsforagent.com/news/2026-10-21/norrhydro-interim-report-profit-growth","markdown_url":"https://newsforagent.com/news/2026-10-21/norrhydro-interim-report-profit-growth.md","title":"Norrhydro Posts EUR 21.5 Million Turnover, Profit Up 89%","headline":"Norrhydro Interim Report: Turnover Rises 2.3% as Operating Profit Jumps 88.7%","description":"Norrhydro reported EUR 21,454 thousand turnover for January-September 2026 and an 88.7% rise in operating profit.","section":"Earnings & Results","published_at":"2026-10-21T05:23:02+00:00","modified_at":"2026-10-21T05:23:02+00:00","author":"News Desk","key_takeaways":["Norrhydro's January-September 2026 turnover rose 2.3% to EUR 21,454 thousand, with EBITDA up 37.1% to EUR 2,394 thousand.","Operating profit climbed 88.7% to EUR 1,455 thousand, and earnings per share, undiluted, reached EUR 0.071.","Norrhydro kept its 2026 guidance at revenue of EUR 30,000-32,000 thousand and EBITDA of EUR 3,000-4,000 thousand."],"companies":[{"name":"Norrhydro","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0004ava/norrhydro","website":"https://www.norrhydro.com/en/home"}],"source":{"publisher":"TradingView","title":"Interim report of Norrhydro Group Plc 1 January–30 September 2026: On the Path to Profitable Growth","url":"https://www.tradingview.com/news/modular_finance:63efce23b8fd5:0-interim-report-of-norrhydro-group-plc-1-january-30-september-2026-on-the-path-to-profitable-growth/"},"other_sources":[],"tags":["Earnings & Results","Norrhydro"],"body_markdown":"[Norrhydro](https://akta.pro/company-profiles/0004ava/norrhydro) Group Plc reported turnover of EUR 21,454 thousand for January-September 2026, up 2.3%, and operating profit of EUR 1,455 thousand, up 88.7%, according to its interim report published by [TradingView](https://www.tradingview.com/news/modular_finance:63efce23b8fd5:0-interim-report-of-norrhydro-group-plc-1-january-30-september-2026-on-the-path-to-profitable-growth/). The Finnish maker of customised hydraulic cylinders and NorrDigi digital hydraulics for heavy mobile machinery also reported EBITDA of EUR 2,394 thousand, up 37.1%.\n\n## Norrhydro's Third-Quarter Turnover and Profit Gains\n\nTurnover for July-September 2026 rose 7.6% to EUR 6,555 thousand from EUR 6,093 thousand a year earlier. EBITDA for the quarter was EUR 1,047 thousand against EUR 520 thousand, and the EBITDA margin widened to 16.0% from 8.5%. Operating profit for the quarter was EUR 734 thousand, compared with EUR 199 thousand.\n\nFor the nine-month period, the EBITDA margin was 11.2% against 8.3%, and operating profit was 6.8% of turnover against 3.7%. Undiluted earnings per share were EUR 0.071, compared with a loss of EUR 0.007 per share a year earlier, and diluted earnings per share were EUR 0.067. Profit for the financial period was EUR 788 thousand against a loss of EUR 80 thousand, and cash flow from operating activities was EUR 1,317 thousand against EUR 124 thousand. Personnel at the end of the period numbered 137, against 138 a year earlier.\n\n\"Profitability improved as a result of revenue growth and implemented cost-saving and productivity improvement measures,\" CEO Yrjö Trög said. Trög said order intake increased during the third quarter compared with the comparison period, and that mining, defence and recycling showed the strongest growth among customer segments. Marketing for NorrDigi EMA products continued, with new orders received including from the defence sector, and functional testing of the NorrDigi MCC excavator is in its final phase with results expected before year-end.\n\n## Norrhydro's NorrDigi Launch and Funding History\n\nNorrhydro launched its NorrDigi MCC digital hydraulics technology commercially into the construction machinery market via Volvo CE in 2025, with field tests showing 50% fuel-efficiency gains and first commercial Volvo EC300 excavators shipping that year, according to akta.pro [company records](https://akta.pro/company-data). The same records list a 2018-11 grant of $3.6 million and a 2021-10 acquisition of a majority stake in Motiomax Oy, which added electromechanical cylinders, hub motors, industrial gear motors and automation solutions. Norrhydro completed an IPO on the Finnish public market in 2021.\n\n## Norrhydro's Full-Year 2026 Guidance\n\nNorrhydro said it has not changed the guidance issued in its financial statements release published on 19 February 2026. The company expects revenue of EUR 30,000-32,000 thousand, against EUR 28,702 thousand in 2025, and reported EBITDA of EUR 3,000-4,000 thousand, against EUR 2,651 thousand in 2025. Norrhydro said the main focus of growth is expected in the second half of 2026.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}