Netum Group (NETUM) Q1 2026 earnings summary

Executive summary

• Revenue declined 25.2% year-over-year to EUR 8.4 million, reflecting a transitional phase after the completion of large projects in 2025.

• EBITDA dropped to EUR 0.3 million (3.3% margin), and operating profit was EUR 0.2 million (1.8% margin), both significantly lower than the prior year.

• Sales performance exceeded expectations, and demand is gradually increasing, supporting a stronger outlook for the second half of 2026.

• Major customer projects are set to begin in spring, enhancing revenue visibility and supporting future growth.

Financial highlights

• Revenue: EUR 8.4 million, down 25.2% from EUR 11.2 million year-over-year.

• EBITDA: EUR 0.3 million (3.3% of revenue), down from EUR 1.3 million (11.7%).

• EBITA: EUR 0.2 million (1.8% of revenue), down from EUR 1.1 million (10.2%).

• Result for the period: EUR -0.0 million (-0.3% of revenue), compared to EUR 0.8 million (7.1%).

• Number of employees at period end: 307, down from 387.

Outlook and guidance

• Revenue for 2026 expected to decline from 2025 due to the absence of large completed projects.

• Comparable EBITA margin anticipated to remain at 2025 levels (5.5%).

• Market shows slight recovery, with improved sales pace, pricing, and profitability.

• Price competition remains a risk to profitability.