KME Group (KME) H1 2025 earnings summary

Executive summary

• First half of 2025 marked by global economic uncertainty, with geopolitical tensions and new US protectionist policies impacting the environment, but global GDP still grew 2.6% in Q2 2025, down from 2.9% in Q1.

• Group benefited from a recovery in demand, especially in copper semi-finished products, and completed the acquisition of Sundwiger Messingwerk GmbH in January 2025.

• Announced closure of the Stolberg plant by September 2025, affecting about 130 employees, as part of ongoing cost containment and restructuring.

Financial highlights

• Consolidated revenues reached €1,022.9 million in H1 2025, up 29% year-over-year; revenues net of raw material costs were €307.6 million, up 10.7%.

• EBITDA was €53.3 million, slightly down from €54.4 million in H1 2024; EBIT at €29.8 million, up from €27.4 million.

• Net consolidated loss was €31.1 million, in line with the €31.2 million loss in H1 2024.

• Net financial debt increased to €517.5 million from €367.5 million at year-end 2024, mainly due to the Sundwiger acquisition and related lease liabilities.

• Group equity stood at €242.0 million at June 30, 2025, down from €270.3 million at December 31, 2024.

Outlook and guidance

• Group expects performance to remain closely tied to demand in its reference sectors and broader macroeconomic trends.

• Potential asset disposals could positively impact group indebtedness if realized.