Germany · Delayed Price · Currency is EUR Bertrandt Aktiengesellschaft Earnings Call Transcripts
Fiscal Year 2026
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Q1 sales stabilized quarter-on-quarter at €234 million, with EBIT turning positive and strong free cash flow. Cost optimization and market recovery support a positive outlook, with guidance for moderate revenue growth and improved margins confirmed.
Fiscal Year 2025
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Revenue fell 18% year-over-year amid weak German automotive demand and restructuring, but cost optimization and international diversification are driving a return to positive EBIT and cash flow. Defense and aerospace segments are expected to fuel growth, with margin recovery targeted for 2025/26.
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Nine-month results show a 19% sales decline and negative EBIT, driven by underutilization and one-offs, but strong R&D demand and major defense contracts support diversification. Cost optimization and more working days are expected to improve Q4, with management targeting a 6%-9% EBIT margin on recovery.
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H1 sales fell 18% year-over-year amid automotive market pressure and project delays, with EBIT negative and workforce reduced. Cost optimization is on track, and guidance for EBIT is confirmed but remains uncertain, with hopes for recovery in H2.
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Q1 revenue fell 13.6% year-over-year but stabilized sequentially, with EBIT improving due to cost optimization. International growth offset a 20% decline in Germany, and strong cash flow and equity position support a positive outlook as project decisions and higher utilization are expected in H2.