Frauenthal Holding (FKA) H1 2025 earnings summary

Executive summary

• Structural changes and strict cost measures implemented in both divisions to counteract low call-off volumes in Automotive and weak market demand in Handel.

• Group EBITDA for H1 2025 rises to €20.9m, up €2.7m year-over-year, driven by Handel division.

• Group net result remains negative at -€1.4m, but improved from -€4.4m in H1 2024.

• Equity increases by €0.5m to €164.9m, equity ratio up 1.4pp to 36.4%.

Financial highlights

• Revenue for H1 2025 at €499.9m, down €3.0m (-0.6%) year-over-year.

• EBITDA up to €20.9m (H1 2024: €18.2m); EBIT rises to €4.7m (H1 2024: €1.3m).

• Net result after tax at -€1.4m (H1 2024: -€4.4m); EPS at -€0.18 (H1 2024: -€0.50).

• Net financial debt increases by €16.0m to €105.5m as of June 30, 2025.

• Cash and equivalents decrease to €10.4m (Dec 2024: €48.4m).

Outlook and guidance

• Management expects a result for FY 2025 above prior year, but notes high volatility and uncertainty, especially in Automotive due to US tariffs and recession risks.

• No reliable forecast for revenue or earnings due to market volatility; focus remains on cost reduction and efficiency.

• Construction sector in Austria expected to decline by -0.5% in 2025, with residential construction down -1.6%.