Meier Tobler Group (MTG) H1 2026 earnings summary

Executive summary

• Revenue grew 3.4% year-over-year to CHF 242.7 million in H1 2026, reversing previous declines.

• EBITDA remained stable at CHF 17.3 million, with an EBITDA margin of 7.1%.

• Adjusted net income (before goodwill amortization) was CHF 12.0 million, slightly below prior year.

• Net profit after goodwill amortisation was CHF 6.8 million, down from CHF 7.3 million.

• CFO Lukas Leuenberger announced departure effective June 2027; succession planning is underway.

Financial highlights

• Net sales: CHF 242.7 million (+3.4% year-over-year).

• EBITDA: CHF 17.3 million (flat year-over-year); EBITDA margin 7.1% (prior year: 7.4%).

• EBIT: CHF 8.8 million (-10.6% year-over-year), impacted by higher depreciation from IT investments.

• Net income: CHF 6.8 million (-6.0% year-over-year).

• Operating cash flow improved to CHF -2.8 million (prior year: CHF -14.0 million).

Outlook and guidance

• Expects continued market recovery and improved profitability in H2 2026.

• Efficiency measures in service and cost management to support EBITDA and revenue growth for the full year.

• Plans to resume share buyback program in H2 2026.