Betolar’s result fell short of the forecast | Trade magazine

Materials technology company Betolarin the operating loss in January–June was 3.0 million euros, while the operating loss at the same time last year was 3.1 million euros.

The loss was greater than Inderes in the forecast, where an operating loss of 2.8 million euros was expected.

The company’s turnover increased to 0.9 million euros from 0.4 million euros in the comparison period. Turnover fell short of Inderes’ forecast, which was EUR 1.0 million.

Betolar’s EBITDA in the review period was EUR 2.1 million in loss, while a year earlier it was EUR 2.1 million in loss. The loss was greater than Inderes’ forecast, which expected a loss of 1.8 million euros in EBITDA.

Earnings per share were -0.15 euros, while a year earlier it was -0.14 euros.

The company expects the turnover in 2026 to increase significantly from the previous year, states the company’s press release. The instructions remained unchanged.

Moving into the second half of the year, the company will deepen its investment in the commercialization of solutions and the introduction of customers, CEO Vibeke Krohn states in the announcement.

In April–June, Betolar’s turnover was EUR 0.5 million and EBITDA was EUR 1.1 million in loss. At the same time last year, turnover was EUR 0.3 million and EBITDA was EUR 1.1 million in loss.

The orders received by the company fell to 0.3 million euros in January–June from 0.5 million euros in the comparison period.

In the review period, the materials technology company raised new funding with a three million euro convertible hybrid loan, a three million euro term loan facility and new public funding.

The company sharpened its strategy into three business areas: metal recovery, critical infrastructure protection solutions and circular economy materials.

The news is based on the company’s stock exchange release and analyst forecast, if one has been available. The news has been prepared by artificial intelligence and checked by the editor before publication.