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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.
Wolftank Group
Wolftank Group (WAH) investor relations material
Wolftank Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary17 Sep, 2026
Executive summary
Sales increased by 10.9% year-over-year to EUR 67.4m in H1 2026, with EBITDA rising to EUR 5.9m from a loss of EUR -2.6m in H1 2025, reflecting improved operational performance and cost discipline.
Returned to profitability in H1 2026, with profit after tax of EUR 1.3m versus EUR -5.9m in H1 2025.
Environmental Services expanded its contract base, securing multi-year agreements in Italy and launching a new waste recycling line, while Hydrogen & Renewable Energies transitioned several Italian projects from construction to operation.
The Group advanced its GreenLead 2030 strategy, focusing on PFAS remediation, battery recycling, and automated tank cleaning, with financial contributions expected mainly from 2027 onward.
Supervisory Board expanded to six members, strengthening capital markets expertise.
Financial highlights
H1 2026 sales: EUR 67.4m (H1 2025: EUR 60.8m); EBITDA: EUR 5.9m (H1 2025: EUR -2.6m); EBIT: EUR 3.5m (H1 2025: EUR -5.1m).
Profit before tax: EUR 2.5m (H1 2025: EUR -6.1m); profit after tax: EUR 1.3m (H1 2025: EUR -5.9m).
Operating cash flow: EUR 7.0m (H1 2025: EUR 4.6m); equity ratio improved to 19.8% (Dec 2025: 18.8%).
Net debt reduced to EUR 15.3m (Dec 2025: EUR 18.9m); total assets EUR 120.9m.
Order backlog at EUR 118m as of June 30, 2026, providing strong visibility.
Outlook and guidance
Full-year 2026 guidance reaffirmed: sales of approx. EUR 135m and EBITDA margin of 6-7%.
Medium-term targets under GreenLead 2030: sales of EUR 250m and EBITDA margin of 12%, with main financial impact expected from 2027.
Regulatory changes (EU Drinking Water Directive, Alternative Fuels Infrastructure Regulation) support long-term demand for PFAS remediation and hydrogen infrastructure.
Environmental Services expected to remain resilient; Hydrogen & Renewable Energies segment faces slower project awards post-PNRR funding in Italy.
Economic volatility, energy prices, and supply chain strains expected to persist.
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Latest events from Wolftank Group
- Q1 2026 sales up 46%, EBIT nearly quadrupled, and profit after tax reached EUR 1.0m.WAH
Q1 2026 TU - 2025 saw stable sales, improved operations, and a positive outlook for profitability in 2026.WAHQ4 2025
- Sales rose 7.6% in Q3 2025, with operational turnaround and strong order backlog supporting growth.WAHQ3 2025 TU
- Profitability fell on stable sales as legal provisions and project delays weighed on results.WAHQ2 2025
- Sales and profitability surged in H1 2024, with strong growth across all business segments.WAHH1 2024
- Sales, EBITDA, and order backlog all surged, with sales set to surpass EUR 100m milestone.WAHQ1-Q3 2024 TU
- Sales exceeded EUR 100m, with robust growth and a focus on profitability and consolidation.WAHQ4 2024
- Revenue up 9.8% and order backlog jumps to EUR 152m, supporting a positive outlook.WAHQ1 2025 TU
Next Wolftank Group earnings date
Q3 202625 Nov, 2026
Wolftank Group
Next Wolftank Group earnings date
Q3 202625 Nov, 2026
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