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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Funkwerk
Funkwerk (FEW) investor relations material
Funkwerk has been delisted
Funkwerk Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary27 Nov, 2025
Executive summary
Revenue for the first nine months of 2025 increased by 19.6% year-over-year to €147.0 million, driven by large framework contracts from the previous year becoming effective.
EBIT more than doubled to €20.7 million compared to €10.1 million in the prior-year period.
Order intake normalized at €148.0 million (prior year: €203.9 million), while order backlog rose to €279.2 million from €256.4 million.
Net income after taxes reached €15.6 million, up from €5.7 million year-over-year.
Financial highlights
Gross margin improved to 58.2% from 56.8% year-over-year.
Personnel expenses increased to €45.1 million due to workforce expansion and higher wage costs.
Equity ratio strengthened to 59.7% as of September 30, 2025 (December 31, 2024: 57.8%).
Cash and cash equivalents decreased to €43.9 million, mainly due to a €6.0 million dividend payout.
Outlook and guidance
Full-year 2025 revenue expected between €200–210 million, with EBIT forecasted at €25–28 million.
All four business segments are anticipated to contribute to growth.
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Frequently asked questions
Funkwerk AG develops and sells communication, information, and security systems worldwide. These products are primarily deployed in wireless networks, systems engineering projects, and public infrastructure. The company's revenue originates from networking solutions, primarily for private customers like major telecommunication providers. Major clients include BASF AG, Advantest Corporation and Vattenfall Europe Nuclear Services GmbH.