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Viscom (V6C) investor relations material

Viscom Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary13 Nov, 2025

Executive summary

  • Order intake increased by 8.8% to €63.2M for the first nine months of 2025, while revenue declined by 10.2% to €56.8M, mainly due to subdued demand in the automotive sector.

  • EBIT improved to -€1.8M from -€5.9M, with an EBIT margin of -3.1%, reflecting cost-cutting and restructuring benefits.

  • Net loss narrowed to -€2.3M from -€5.0M year-over-year; earnings per share improved to €-0.25 from €-0.57.

  • Cost pressures from materials and exchange rates persisted, but personnel and other operating expenses declined.

  • The company expects a strong Q4 and maintains full-year guidance for revenue of €80–90M and EBIT margin of 2–5%.

Financial highlights

  • Order backlog as of September 30, 2025, rose 10.6% to €26.4M.

  • Personnel expenses decreased by 15.8% to €26.3M, reflecting restructuring and workforce adjustments.

  • Cash and cash equivalents at September 30, 2025, were €4.4M, up from €4.0M a year earlier.

  • Cash flow from operating activities turned negative at -€2.2M, down from €17.4M in the prior year due to increased receivables.

  • Equity ratio was 50.8% (prior year: 54.0%).

Outlook and guidance

  • Full-year 2025 guidance: order intake and revenue expected between €80M and €90M, with EBIT forecasted between €1.6M and €4.5M and an EBIT margin of 2% to 5%.

  • Anticipates a strong Q4, with growth expected to resume in 2026.

  • Liquidity for 2025 secured through own funds and available credit lines.

  • Focus on AI-driven inspection solutions and new software for faster test program creation.

How will Q4 EBIT-Margin reach 2-5%?
Regional growth drivers for 2026
Material cost trends and FX impact
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Frequently asked questions

Viscom AG, based in Hanover, Germany, is a global provider of automated inspection systems used in the electronics manufacturing industry. Established in 1984, the company specializes in both optical inspection and X-ray technologies. Viscom AG develops, manufactures, and distributes a broad array of inspection systems, including solutions for solder paste inspection, placement monitoring, solder joint inspection, and X-ray inspection of printed circuit boards and other electronic assemblies. These systems find applications across various sectors, including automotive electronics, aerospace engineering, industrial and consumer electronics, medical technology, telecommunications, and energy storage. The company is headquartered in Hanover, Germany, and its shares are listed on the Munich Stock Exchange.

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