FORTEC Elektronik (FEV) Q3 2026 earnings summary

Executive summary

• Revenue increased 1.7% year-over-year to EUR 58.9 million for the first nine months, despite a subdued economic environment and cautious investment demand in core markets.

• Major contracts secured in the defence sector, including two power supply deals totaling USD 8.2 million and a data visualisation contract worth USD 3.4 million, with most revenue recognition expected in future quarters.

• Operational and strategic restructuring measures are underway, showing early positive effects on earnings and aimed at sustainable profitability and growth.

• Integration of Benelux acquisitions is progressing, expanding the service portfolio and growth potential.

Financial highlights

• EBIT dropped 54% year-over-year to EUR 0.7 million, mainly due to one-off effects; net profit fell 76% to EUR 0.2 million.

• EBITDA decreased 7.5% to EUR 2.5 million; operational EBITDA (adjusted) rose 10.2% to EUR 3.0 million.

• Earnings per share declined to EUR 0.07 from EUR 0.30 year-over-year.

• Order book increased to EUR 50.1 million as of March 2026, up from EUR 44.9 million at December 2025.

Outlook and guidance

• Full-year 2025/2026 revenue expected between EUR 76 million and EUR 80 million; operational EBIT (adjusted) forecasted at break-even to slightly positive.

• Further one-off restructuring and efficiency expenses anticipated, with amounts not yet quantifiable.

• Medium-term (2030) revenue targets to be reviewed after new Executive Board appointments.