In Q2 2025, Storent continued its growth trajectory, reaching a turnover of 12.3 million euro, reflecting an increase of nearly 8% compared to the same period last year. The biggest increase, 17%, was bought from own equipment rental thus resulting in more than 35% year-on-year raise of EBITDA, reaching 3.8 million euro. This quarterly growth was primarily driven by the Group’s strategic expansion of its depot network, targeted investments in the rental fleet, and intensified sales efforts across all markets — all while maintaining disciplined cost control and operational efficiency
For the first half of 2025, Storent reported total revenue of 22.1 million euro, marking an 11% increase compared to 19.9 million euro in H1 2024. Revenue from own equipment rental increased by 19% in H1, underscoring strong demand and effective asset utilization. EBITDA for H1 2025 reached 5.8 million euro, up from 4.4 million euro in the same period last year — a growth of over 31%.
Storent continued to invest strategically in its equipment fleet to fully capitalize on the high season. With nearly €10 million invested in the first half of 2025, and building on significant investments made over the past two years, the company has successfully modernized its rental base — resulting in 40% of the fleet now being less than two years old.
The market in the Baltic region is gradually growing. The team is strengthening its market position by actively deploying the new rental fleet across various segments. Focus remains on military, events, and renewable energy projects, while residential construction is gaining momentum. Rail Baltica continues advancing across the Baltics, creating additional market opportunities. According to construction market analysis and forecasting company Forecon, the construction rental market in Baltics is growing at 4% annually, yet Storent continues to outperform the industry average with stronger, sustained growth.
The Nordics are laying groundwork for sustainable future growth with increased pace. Storent’s operations in the Nordic region follow a targeted niche strategy, concentrating on specialized equipment and premium service offerings tailored to customers who prioritize quality and reliability.
The third quarter represents the primary profit-generating period for the Group, characterized by a marked increase in equipment utilization due to seasonal demand. During this critical phase, the strategic investments made in fleet expansion, depot enhancements, and digital platform development are expected to yield their most significant returns. Continued emphasis on operational efficiency—through optimized fleet management, rigorous maintenance protocols, and expedited service processes—aims to maximize rental volumes and elevate customer satisfaction throughout this peak season.
Looking beyond the high season, the Group’s focus will shift toward preparing for the next stage of growth. One of the key priorities is strengthening the management team across all countries, ensuring we have the leadership capacity to scale effectively. Work has also begun on preparing for entry into the U.S. market, where Storent aims to apply its tested rental model in selected regions with high construction activity. With the right people, a clear strategy and bold ambitions, Storent is well positioned to seize new opportunities and shape a stronger future.
Baiba Onkele
Member of the Management Board and CFO of Storent Holding
E-mail: baiba.onkele@storent.com
www.storentholding.com