ViaCon Group (VIACON) investor relations material

Executive summary

• Q1 EBITDA declined to EUR -2.1 million from EUR 3 million year-over-year, mainly due to severe winter weather and a strong prior-year comparison driven by mining industry sales outside Europe.

• Net sales declined by 25.8% year-over-year to EUR 27.5 million, mainly due to harsh winter weather and a strong prior-year comparison.

• Order intake was robust at EUR 41.7 million, up from EUR 38.9 million in Q1 last year, with positive trends continuing into Q2.

• A new organizational structure was implemented, merging GeoTechnical and StormWater Solutions into Water & Ground Solutions to enhance scalability and reduce administration.

• The business was reorganized into two areas: Bridges & Culverts Solutions and Water & Ground Solutions.

Financial highlights

• Organic revenue growth was -23% in Q1, reflecting weather impacts and absence of last year's mining sales.

• EBITDA was EUR -2.2 million (EUR 2.3 million last year), with an EBITDA margin of -7.9%.

• Cash flow from operating activities was EUR -8 million, an improvement from EUR -8.9 million last year.

• Net debt at end of March was EUR 98.1 million, down from EUR 111 million a year ago; cash and equivalents were EUR 16.2 million.

• Total available cash, including credit facilities, was EUR 21.2 million, up from EUR 14.6 million last year.

Outlook and guidance

• Order intake remains strong, supported by ongoing infrastructure investments and EU financing.

• Market activity has not fully normalized post-pandemic, and raw material price increases, especially plastics, are being managed through pricing and efficiencies.

• Long-term outlook is positive, with a promising pipeline for future quarters.

• The new organizational structure is expected to support efficiency and profitable growth.