Friedrich Vorwerk Group (VH2) Q2 2026 TU earnings summary

Executive summary

• EBITDA rose 70% year-over-year to €92.6 million in H1 2026, driven by strong project execution and robust order intake.

• Revenue increased 11% year-over-year to €337.3 million, with production output up 35%.

• Net cash position improved to €212.0 million as of June 30, 2026, reflecting high cash conversion.

Financial highlights

• EBITDA reached €92.6 million in H1 2026, up from €54.5 million in H1 2025.

• Revenue for H1 2026 was €337.3 million, compared to €303.1 million in H1 2025.

• Production output increased to €448.1 million, up 35% year-over-year.

• Net cash rose by €128.5 million year-over-year to €212.0 million.

Outlook and guidance

• EBITDA guidance for FY 2026 raised to €180-200 million from €160-180 million.

• Revenue guidance for FY 2026 remains at €730-780 million.