Maschinenfabrik Berthold Hermle (MBH3) Q1 2026 earnings summary

Executive summary

• Strong Q1 2026 start: orders rose 14.9% YoY to €138.2m, revenue increased 14.1% to €110.9m, and operating result improved YoY.

• Higher sales and capacity utilization more than offset increased staff costs and currency effects.

Financial highlights

• Revenue reached €110.9m, up 14.1% YoY from €97.2m; domestic revenue rose 28.9% to €35.2m and international revenue increased 8.3% to €75.7m.

• Operating result improved YoY, supported by higher revenue and capacity utilization; increased staff costs and currency effects were more than compensated for.

• Orders received increased 14.9% to €138.2m from €120.3m.

Outlook and guidance

• Multi-year investment program proceeded as planned; the new application centre and adjoining staff canteen in Gosheim are expected to open in 2027.