Biesse (BSS) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was €153.3 million, down 21.7% year-over-year, with a net loss of €2.8 million and adjusted EBITDA of €4.4 million, reflecting broad-based declines across all regions and segments.

• The company is undergoing organizational transformation and cost alignment, accelerating strategic initiatives for operational efficiency.

• The Board withdrew the 2024-2026 Three Years Plan due to macroeconomic and geopolitical uncertainties, though strategic objectives remain.

• Order intake increased in Q1, but the backlog is down year-over-year and order intake for the first four months lags last year.

• Headcount reduced by over 440 year-over-year as part of ongoing right-sizing and cost control.

Financial highlights

• Revenues for Q1 2025 were €153.3 million, down €42.5 million (21.7%) year-over-year.

• Adjusted EBITDA was €4.4 million (2.9% margin), a 73.9% decrease from Q1 2024.

• Adjusted EBIT was negative at €4.7 million (-3.0% margin), compared to €7.6 million in Q1 2024.

• Net result was a loss of €2.8 million, compared to a profit of €2.8 million in Q1 2024.

• Net financial position (excluding IFRS 16) was €5.0 million, down from €25.0 million at year-end 2024.

Outlook and guidance

• The Three Years Plan 2024-2026 was withdrawn due to high uncertainty, but strategic guidelines remain in place.

• Management expects to limit revenue losses in coming months, supported by a growing order backlog and cost containment.

• The Board will consider a new business plan when market conditions stabilize.

• Tariff increases in the U.S. are expected to impact sales, especially in 2026.