Germany · Delayed Price · Currency is EUR Novem Group Earnings Call Transcripts
Fiscal Year 2026
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Revenue declined 5.6% year-over-year, but Q4 stabilized with strong cash flow and margin discipline. Cost controls, new business wins, and loan extension supported resilience amid ongoing market volatility and geopolitical risks.
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Q3 saw a 5% revenue decline year-on-year, mainly from tooling delays, but free cash flow surged to EUR 21.3 million and net leverage improved to 1.8x. New business wins and disciplined cost control supported resilience, with a stable outlook and strong cash generation expected to continue.
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Revenue declined nearly 10% year-over-year in Q2 due to market weakness and tooling delays, but free cash flow and liquidity improved significantly. Cost control and new business wins in mobility segments support stabilization, though Q3 is expected to remain weak.
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Revenue declined 8% year-over-year due to tooling delays and industry headwinds, but free cash flow and working capital improved. Profitability was pressured, though new orders and cost controls provide some optimism for the second half.
Fiscal Year 2025
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Revenue fell 14.8% year-over-year amid weak demand and customer postponements, but profitability was supported by cost controls, restructuring, and strong free cash flow. Management maintains midterm margin guidance and sees opportunities from recent order wins and market consolidation.
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Q3 revenue fell 11% year-over-year to EUR 124 million, with adjusted EBIT margin at 8.1%. Market headwinds persist, prompting a reduction in midterm EBIT margin guidance to 11–12%. Americas remained stable, while Europe and Asia declined.
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Revenue and EBIT declined sharply year-over-year due to weak demand, external disruptions, and program phase-outs, with Americas outperforming other regions. The outlook remains challenging, but new business in the van and US EV segments offers future growth potential.
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Revenue fell 20% year-over-year to EUR 140 million, with Europe seeing the largest decline, but EBIT margin held at 10.1% due to cost controls. Americas outperformed with a 19.6% margin, and a major contract was secured for the Mercedes GLE in China.