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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.
Merus Power
Merus Power (MERUS) investor relations material
Merus Power CMD 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.CMD 2026 summary30 Sep, 2026
Strategic achievements and current position
Achieved strong growth during 2021–2026 with a 53% CAGR and successful shift from power quality to energy storage markets.
Established market leadership in Finland and initiated internationalization in energy storage.
Maintained financial stability with over 30% equity ratio and reached a profitability turning point in 2024.
2025 revenue reached €55M, with €24M in H1/2026 and an order backlog of €50M.
Net sales have increased approximately tenfold since 2020, reflecting strong recent growth.
Strategic direction and priorities
Aims to become a leading technology provider for power system stability, flexibility, and energy efficiency during the energy transition.
Focuses on profitable growth, internationalisation, technology leadership, and long-term shareholder value.
Growth to be driven by expanding energy storage business in Europe, power quality business, and increased services share.
Plans to shift towards productised, repeatable solutions and services covering the full delivery life cycle.
Targets new customer segments such as data centres, green steel, electric rail transport, and hydrogen industry.
Financial targets and guidance
Targets €160M revenue and EBITDA of at least 12% of revenue by 2030.
2025 revenue reached €55M, with guidance for 2026: revenue growth and EBITDA of €2–4M.
Equity ratio to exceed 35% by 2030, with profits reinvested for growth and dividends possible toward the end of the period.
Profitability improvements expected from business scaling, modular products, and a growing installed base.
Service business to be strengthened on the expanding installed base.
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Latest events from Merus Power
- Net sales dropped sharply but record orders and a strong backlog signal growth ahead.MERUS
H1 2024 - Net sales up 23.4% to EUR 35.8m, orders up 58.6%, but profitability impacted by investments.MERUSH2 2024
- Targeting €80M sales by 2026, growth is fueled by energy storage, innovation, and new markets.MERUSCompany presentation
- Record order intake and improved profitability highlight strong growth momentum in H1 2026.MERUSH1 2026
- Net sales up 52.5% to €54.6M, EBITDA at €1.8M, driven by energy storage and power quality orders.MERUSH2 2025
- Revenue up 273.8% to €24.9M, EBITDA positive, strong growth outlook for 2025.MERUSH1 2025
Next Merus Power earnings date
H2 20264 Feb, 2027
Merus Power
Next Merus Power earnings date
H2 20264 Feb, 2027
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