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Edge14 Aug 2026
Deutsche Qualität: The Story of Birkenstock
From an 18th-century German shoemaker to a global footwear brand, how Birkenstock turned an orthopedic insole into the world's most popular sandal.
Raute
Raute (RAUTE) investor relations material
Raute Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary12 Aug, 2026
Executive summary
Operational performance remained strong despite a highly uncertain and turbulent market, with profitability supported by efficient project execution, cost control, and project provision releases.
Order intake improved to EUR 18 million in Q2 2026 (EUR 12 million in Q2 2025), but the order book declined to EUR 66 million (EUR 115 million in Q2 2025), reflecting ongoing market weakness and delayed customer investment decisions.
Net sales for Q2 2026 were EUR 33.0 million, down 24.6% year-over-year, and H1 2026 net sales totaled EUR 66.5 million, down 30.5% year-over-year.
Strategic focus remains on operational excellence, margin management, and advancing digital and service offerings.
Early signs of improving customer sentiment observed, but not yet reflected in a material recovery in order intake.
Financial highlights
Q2 2026 net sales: EUR 33.0 million (EUR 43.8 million in Q2 2025); H1 2026: EUR 66.5 million (EUR 95.7 million in H1 2025).
Comparable EBITDA: EUR 4.0 million in Q2 (12.0% margin), EUR 8.2 million in H1 (12.3% margin), both down year-over-year.
Comparable operating profit: EUR 2.7 million in Q2 (8.2% margin), EUR 5.7 million in H1 (8.5% margin).
Earnings per share: EUR 0.36 in Q2 2026 (EUR 0.68 in Q2 2025), EUR 0.69 in H1 2026 (EUR 0.88 in H1 2025).
Operating cash flow for Q2 2026 was EUR -8.2 million and for H1 EUR -13.5 million, driven by high net working capital and timing of customer payments.
Outlook and guidance
2026 net sales guidance narrowed to EUR 125–145 million (previously EUR 125–160 million); comparable EBITDA guidance now EUR 11–18 million (previously EUR 10–19 million).
Guidance narrowed due to actual H1 performance and current order backlog.
Market environment remains uncertain, with customer investment decisions weighed down by economic and geopolitical factors, but long-term prospects supported by sustainability trends and technological development.
Focus remains on increasing share of services, recurring revenue, and analyzers.
Impact of provision releases on Q2 profitability
Detail drivers for record high working capital
Explain fixed cost levels in the service segment
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Latest events from Raute
- Net sales fell 35.5% as global uncertainty delayed investments, but profitability remained resilient.RAUTE
Q1 2026 - Record profitability in 2025 with €26.1M EBITDA and strong focus on sustainable growth.RAUTECorporate presentation
- Record EBITDA margin despite lower sales; 2026 outlook cautious with capital returns.RAUTEQ4 2025
- Strong Q3 2025 profitability and raised EBITDA guidance, despite lower net sales and order book.RAUTEQ3 2025
- Profitability rose to a 14.7% EBITDA margin, with 2025 guidance maintained despite market uncertainty.RAUTEQ2 2025
- Q3 profitability and sales surged, with record EBITDA margin and raised full-year guidance.RAUTEQ3 2024
- Record sales and profitability in H1 2024, with upgraded outlook and strong order backlog.RAUTEQ2 2024
- Record Q1 2025 profitability and raised guidance offset weak orders amid global uncertainty.RAUTEQ1 2025
- Record sales and profitability in 2024, with a strong outlook for 2025 despite market uncertainty.RAUTEQ4 2024
Next Raute earnings date
Q3 202630 Oct, 2026
Raute
Next Raute earnings date
Q3 202630 Oct, 2026
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