Maschinenfabrik Berthold Hermle (MBH3) H1 2026 earnings summary

Executive summary

• H1 2026 turnover rose 7.9% YoY and orders received 16.1%; operating profit increased faster than sales, supported partly by one-off earnings effects.

• FY 2026 outlook: turnover expected to rise ~10%, toward the upper end of the forecast range, with consolidated profit roughly at the prior-year level.

Financial highlights

• Turnover increased to €239.2m from €221.6m; domestic revenue was €65.8m and overseas revenue €173.4m.

• Orders received rose to €273.9m from €235.9m; order backlog reached €125.3m versus €113.1m a year earlier and €90.6m at FY 2025-end.

• EBIT rose to €25.6m from €15.3m; net profit increased to €18.8m from €11.8m, and EPS was €3.76 ordinary / €3.79 preference.

• Profit benefited from higher capacity utilisation, profitable individual projects, product mix, FX movements and a one-off release of provisions for start-up customer order risks.

Outlook and guidance

• Growth is expected to slow in H2 against a strong H2 2025 comparison; one-off project and provision-release benefits from H1 are not expected to recur.

• FY 2026 turnover is forecast to rise ~10%, toward the upper end of the range; consolidated profit is expected roughly in line with 2025.

• Medium-term prospects are supported by demand for precise, efficient machining centres and automation, expansion into high-growth sectors and regions, and new products.