Valmet Results Q2 2026: Revenue, Profit and Margins

Latest report: Valmet half-year report Jan–Jun 2026, published July 24, 2026

In Q2 2026, Valmet’s revenue was €1,315.0 million, up 6.0% from Q2 2025. Operating profit was €127.0 million, an operating margin of 9.7% (Q2 2025: 4.6%). Net income for the period was €75.0 million and earnings per share €0.40.

Valmet: Where the revenue went, Q2 '26, EUR million. Source: Valmet half-year report Jan–Jun 2026.
Valmet: Where the revenue went · Q2 '26, EUR million
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Key figures for Q2 2026

Valmet key figures, Q2 2026 vs Q2 2025
Q2 2026Q2 2025Change
Revenue, €M1,315.01,241.0+6.0%
Gross profit, €M359.0351.0+2.3%
Gross margin27.3%28.3%−1.0 pp
Operating profit, €M127.057.0+122.8%
Operating margin9.7%4.6%+5.1 pp
Adjusted EBITA, €M152.0143.0+6.3%
Net income, €M75.028.0+167.9%
Net margin5.7%2.3%+3.4 pp
Earnings per share€0.40€0.15+166.7%

Valmet in charts

Valmet: From revenue to net income, Q2 '26, EUR million. Source: Valmet half-year report Jan–Jun 2026.
Valmet: From revenue to net income · Q2 '26, EUR million
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Valmet: What drove the change in operating profit, Q2 '25 → Q2 '26, EUR million. Source: Valmet half-year report Jan–Jun 2026.
Valmet: What drove the change in operating profit · Q2 '25 → Q2 '26, EUR million
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Valmet: Revenue by segment, Quarterly, EUR million. Source: Valmet half-year report Jan–Jun 2026.
Valmet: Revenue by segment · Quarterly, EUR million
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Valmet: Revenue by business area, Quarterly, EUR million. Source: Valmet half-year report Jan–Jun 2026.
Valmet: Revenue by business area · Quarterly, EUR million
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Valmet: Profitability, Quarterly, % of revenue. Source: Valmet half-year report Jan–Jun 2026.
Valmet: Profitability · Quarterly, % of revenue
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Valmet: Revenue trend, Quarterly, EUR million. Source: Valmet half-year report Jan–Jun 2026.
Valmet: Revenue trend · Quarterly, EUR million
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Valmet: Operating profit trend, Quarterly, EUR million. Source: Valmet half-year report Jan–Jun 2026.
Valmet: Operating profit trend · Quarterly, EUR million
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Valmet: Revenue and earnings, last twelve months, Rolling four-quarter sum, EUR million. Source: Valmet half-year report Jan–Jun 2026.
Valmet: Revenue and earnings, last twelve months · Rolling four-quarter sum, EUR million
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Valmet: Earnings per share, Quarterly, EUR. Source: Valmet half-year report Jan–Jun 2026.
Valmet: Earnings per share · Quarterly, EUR
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Quarterly results

Valmet quarterly results (€M unless stated)
QuarterRevenueChange y/yOperating profitOperating marginNet incomeEPS
Q2 20261,315.0+6.0%127.09.7%75.0€0.40
Q1 20261,244.0+5.1%58.04.7%34.0€0.19
Q4 20251,477.0−3.3%167.011.3%105.0€0.57
Q3 20251,295.00.0%125.09.7%86.0€0.46
Q2 20251,241.0−6.3%57.04.6%28.0€0.15
Q1 20251,184.0−2.3%89.07.5%61.0€0.33
Q4 20241,528.0+1.9%150.09.8%98.0€0.53
Q3 20241,295.00.0%109.08.4%68.0€0.37

Annual results

Valmet annual results (€M unless stated)
YearRevenueOperating profitOperating marginNet incomeEPS
20255,197.0438.08.4%279.0€1.52
20245,359.0449.08.4%281.0€1.52
20235,532.0507.09.2%359.0€1.94

Revenue by segment

Valmet revenue by segment, Q2 2026 vs Q2 2025 (€M)
SegmentQ2 2026Q2 2025Change
Process Performance Solutions370.0372.0−0.5%
Biomaterial Solutions and Services945.0869.0+8.7%

Revenue by business area

Valmet revenue by business area, Q2 2026 vs Q2 2025 (€M)
Business areaQ2 2026Q2 2025Change
Tissue173.0125.0+38.4%
Flow Control206.0196.0+5.1%
Packaging and Paper360.0361.0−0.3%
Automation Solutions164.0176.0−6.8%
Pulp, Energy and Circularity411.0383.0+7.3%

Dividends

Valmet dividend per share by financial year
Financial yearDividend per shareEPSPayout ratioStatusSource
2025€1.35€1.5288.8%Board proposalRelease
2024€1.35€1.5288.8%Decided by the AGMRelease

“Board proposal” is the dividend the board proposed in the financial statements release. The annual general meeting usually approves it, but check the company’s AGM release for the final decision. Payout ratio is dividend per share divided by basic earnings per share (payout ratio calculator); N/M means not meaningful (loss).

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About Valmet

Valmet is a Finnish supplier of process technologies, automation and services for the pulp, paper and energy industries.

Sources
  1. Valmet half-year report Jan–Jun 2026, published Jul 24, 2026
  2. Valmet interim report Jan–Mar 2026, published Apr 28, 2026
  3. Valmet financial statements release 2025, published Feb 6, 2026
  4. Valmet interim report Jan–Sep 2025, published Oct 29, 2025
  5. Valmet half-year report Jan–Jun 2025, published Jul 23, 2025
  6. Valmet interim report Jan–Mar 2025, published Apr 23, 2025
  7. Valmet financial statements release 2024, published Feb 13, 2025
  8. Valmet interim report Jan–Sep 2024, published Oct 30, 2024
  9. Valmet half-year report Jan–Jun 2024, published Jul 24, 2024

About these figures. All figures come from Valmet’s published interim reports and financial statements releases, linked above, and are checked against them before publication. Errors are still possible, so confirm any figure in the original report before relying on it. Amounts are in millions of the reporting currency. Quarters reported only cumulatively (for example the fourth quarter) are derived by subtraction, and when a company restates earlier figures, older quarters on the previous basis are left out of comparisons. Margins and changes are calculated by Finpendium. This page is for information only and is not investment advice or a recommendation to buy or sell any security. See how the figures are checked and our Disclaimer. Spotted an error? Let us know.