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Railway

Key figures Q3/2025

Key figures

7-9/2025

7-9/2024

1-9/2025

1-9/2024

1-12/2024

Net sales, M€

 308.5

331.0

920.0

959.1

1,294.7

Comparable EBITDA, MEUR*

86.1

87.5

229.8

198.9

271.6

% of net sales

27.9

26.4

25.0

20.7

21.0

Operating result (EBIT), MEUR

40.0

43.8

115.6

54.5

76.1

% of net sales

13.0

13.2

12.6

5.7

5.9

Comparable operating result (EBIT), MEUR*

42.3

41.0

100.8

58.5

84.6

% of net sales

13.7

12.4

11.0

6.1

6.5

Net profit/loss for the period, MEUR

26.8

28.9

79.4

34.9

48.6

Cash flow from operating activities, MEUR

35.4

51.3

193.3

153.7

226.9

Investments, MEUR

51.4

54.2

144.3

174.3

234.1

Capital invested at the end of the period, MEUR

1,819.1

1,795.6

1,819.1

1,795.6

1,817.9

Comparable return on capital employed (ROCE), %*

9.6

9.5

7.9

4.8

5.2

Comparable return on equity (ROE), %

9.2

8.4

6.8

4.2

4.7

Net interest-bearing debt at the end of the period, MEUR

397.1

447.7

397.1

447.7

443.4

Gearing, %

30.3

36.1

30.3

36.1

35.1

Employees on average, FTE

7,801

7,741

7,551

8,046

7,919

* VR presents comparable EBITDA and operating result (EBIT) as an alternative performance indicators. The aim of comparable performance indicator is to improve comparability between reporting periods.

Comparable key figures are excluding items affecting comparability. These items are linked to unpredictable events of a significant nature that do not form part of normal day-to-day business, such as disposal gains and losses, impairments or impairment reversals, down-sizing of major units, change in non-recurring provisions or other major non-recurring costs or income.

This report is unaudited.

The comparative figures in brackets refer to the corresponding time period in the previous year, unless otherwise stated.