Netherlands · Delayed Price · Currency is EUR Brunel International Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw a return to revenue and EBIT growth, with strong performance in most regions except the Netherlands, which faced significant challenges. Cost reductions supported margins, while geopolitical risks in the Middle East and sectoral headwinds in the Netherlands remain key uncertainties.
Fiscal Year 2025
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Revenue stabilized at EUR 300 million per quarter, with cost-saving programs and AI-driven efficiency supporting cautious optimism for 2026. Segment performance varied, with growth in Asia and the Middle East offsetting European softness. Dividend policy remains stable.
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Revenue stabilized in Q3 2025 after five quarters of decline, with cost reductions supporting profitability despite a 7% organic revenue drop and 16% gross profit decline year-over-year. Margin pressure persists in Europe, but growth continues in the Middle East, India, and Asia.
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Revenue and profit declined year-over-year, but cost savings exceeded targets and further measures are underway. Conventional energy projects are ramping up, while renewables remain weak; outlook for Q3 is stable with new growth expected in 2025-2026.
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Q1 2025 saw an 11% revenue decline and a 44% EBIT drop, with all regions impacted by project delays and client uncertainty. Cost savings helped, but visibility remains low, and recovery depends on new project starts. Offshore wind remains weak, while LNG and defense sectors show resilience.
Fiscal Year 2024
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Q4 EBIT nearly matched last year despite DACH and Asia headwinds, with strong cash flow and resilient regional performance. 2024 EBIT margin was 4.3%, and the outlook for 2025 is stable, with continued cost discipline and promising project pipelines.
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Q3 saw a slight revenue decline and lower EBIT, mainly due to weakness in Germany's automotive sector and project delays in Asia. Cost reductions improved cash flow, and a strong project pipeline supports optimism for 2025 and 2027 targets.
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Growth continues across key markets despite project delays and market headwinds, with EBIT stable year-over-year and a major EUR 20 million cost-saving program underway. Outlook remains positive, with cost efficiencies and a strong project pipeline supporting future profitability.