Skip to content
Book a map

For CFOs and senior finance leaders Know what the market did to your plan,
before anyone asks.

Exchange rates, interest rates and materials, traced to the choices in your business, each with an owner and a date.

Become a design partnerBook a map
Q3 2026US$m
Results vs plan

What markets did to operating profit this quarter

Q3 2026Operating profit
Operating profitUS$37.5Mplan 40.0 · (2.5)
Operating margin11.5%plan 12.5% · (1.0) pt
Markets(US$4.0M)(1.2) pts of margin · (6¢) a share
Plan to actual · US$MCurrencies (3.0)Copper (1.0)
40.0
Plan
+3.0
Volume
(1.5)
Price
(4.0)
Markets
41.5 before markets37.5
Actual

Before markets, Q3 beat plan by US$1.5M. Markets took US$4.0M: currencies 3.0, copper 1.0.

Drivers by team

Markets (US$4.0M), by the team that can act on it

Q3 2026
Treasury(1.8)Procurement(1.0)Sales(0.6)Planning(0.6)
DriverTeamTraced toUS$MStatus
Euro fell on what customers oweTreasuryCover 42% against a 75% policy(1.2)Fix agreed
Copper up 10%, bought at spotProcurementSupplier contract, no index clause(1.0)Open
Peso and pound rose on costsTreasuryMexico plant, UK payroll(0.8)In policy
Customers paid 9–18 days lateSales14 invoices · Hartmann AG(0.6)Open
Volume above planPlanningPlan rows P-114, P-162(0.6)Re-planned
Peso forwardsTreasurySettled above the market+0.2Done

Copper: 3,600 t bought at spot while the price rose 10%. An index clause would have passed most of it to customers. Procurement owns the fix.

Board pack · Q3

What you’ll say, and what’s already in hand

Audit committee · 22 Oct
The line for the board

“Markets cut operating profit by US$4.0M against plan, 6¢ a share: US$3.0M from currencies and US$1.0M from copper. Before markets, Q3 beat plan by US$1.5M.”

✓ Every figure traced to the ledgerCopy
Decisions in hand
TreasuryEuro cover back to 75%, one €16.5M forward30 OctReady
ProcurementIndex copper in the next supplier contract15 DecDrafted
SalesHartmann AG back on 30-day terms15 NovAgreed
PlanningPlan Q4 at today’s rates31 OctDone
Before guidance
Where to guide the euro for Q4
1.071.051.03
Q4 operating profit against plan(1.1)(1.8)(2.6)today’s cover, 42%
With euro cover back to 75%(0.5)(0.8)(1.1)the €16.5M forward takes out 0.61.01.5

Try it

What does a 10% euro move do to next quarter?

Move the markets. The profit effect, and where it lands first, update as you go.

Scenario · next quarterKestrel Industries
Effect on operating profit, next quarter(US$5.6M)against a plan ofUS$40.0M
Germany GmbH · euro receivablesOwner · Treasury(4.0)
Copper bought at spotOwner · Procurement(1.0)
Mexico SA · peso supplier costsOwner · Procurement(0.6)

Same move, same answer, every time. US$m.

What you take into the room

The explanation, before anyone asks.

Earnings call note · Q3Ties to the books

FX reduced operating profit by US$3.0M against plan. US$2.0M came from currency moves; US$1.0M from late customer payments and higher volumes, net of hedges, which we are addressing.

Analysts

What the business chose, split from what the market did. It ties to your books, so it holds up.

Exposures · ownersBoard pack
EUR receivablesTreasury · 30 OctIn progress
MXN supplier invoicesProcurement · Q1Planned
Copper price contractProcurement · Q4Done

The board

Where you're exposed, how much, who owns it, and by when.

New exposureBefore results move

Mexico SA signed a supplier in MXN.

+MXN 48M from 1 Nov

The business

Exposure moves before results do. You see it first.

Hedge results against budgetFigures withheld
BudgetRateTimingHedgesActual

Four drivers, each in plain words.

A semiconductor maker

Hedge results against budget, explained in four drivers the CFO could repeat.

Where Orbit sits

Alongside the tools that make the numbers right.

Close and planning tools explain booked numbers, one function at a time. Orbit explains the exposure underneath, across all of them.

The exposure underneathThe booked number One teamAcross the business → Close tools FX specialists Planning Treasury systems Hedging providers Orbit
Built byCorporate data scientists and financial engineers
Advised byFX leaders from Bank of America, BMO, Magna
Backed byDiagram · SagardSOC 2 Type I · Type II in observation

Design partners

We're taking on three design partners.

You sponsor the work. We do it. What you find useful decides what we build next.

  1. YouPeer APeer B
    01 · Free · in days

    Your map

    What the market did to you and your peers, from public filings.

  2. ledger.csvhedges.xlsxplan.xlsx
    02 · Two weeks

    The pilot

    Send the files your team already exports. No integration.

  3. Q4 close explained1 new exposure flagged
    03 · Every close

    Running

    Each close explained, with an alert when exposure shifts.

Become a design partnerThe platform your treasury team uses →