AS-i Harju Elekter Group majandustulemused, 1-3/2026
View original at globenewswire.com“Perioodi puhaskasum 192 [EUR'000] ... 2026 (Q1)”
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Selling expenses grew 45.2% to 1.9 million EUR, driven by growth in marketing and sales services to support market activity, including participation in international trade fairs to strengthen visibility and showcase HECON EVO and Elektra Sense developments
60% confidenceMiddle East geopolitical tensions affect Harju Elekter primarily indirectly through global supply chains, logistics, and input prices; instability in international transport channels extends delivery times and raises freight costs
60% confidenceQ1 2026 was considerably more difficult than expected and results did not meet expectations; the primary cause was supply chain disruptions that delayed deliveries and pushed order fulfillment to subsequent periods
60% confidenceUneven material flow disrupts planned work organisation, causes temporary stoppages, and loads production floor space, making resource management and production planning more complex than usual
60% confidenceBoth Estonian and Swedish unit order books are above average; a significant portion of pending orders is expected to materialize as revenue in the current financial year
60% confidenceThe company approaches the full year 2026 with moderate optimism but caution, as there are signs of a possible new crisis
60% confidenceMaterial and component price increases will add to already long delivery times in the near future; first signals and new price lists have been received from suppliers; positive P&L impact expected with 1–2 quarter lag via framework contract indexation
60% confidenceRapid cost reduction is not possible without risking the inability to respond quickly enough to growing demand; retaining competency, team readiness, and capacity to respond when peak season arrives are strategically critical
60% confidenceNo order cancellations have occurred to date, but customer behaviour shows caution
60% confidenceLithuania unit's persistently low sales and resulting high idle production capacity indicate market challenges and the need for more effective sales organisation
60% confidenceThe majority of Estonian, Swedish, and Finnish unit results will materialize in Q2 and Q3, when substation deliveries to framework contract customers begin
60% confidence