Novem Group (NVM) Q1 2027 earnings summary

Executive summary

• Revenue increased 2.8% year-over-year to €132.6 million, driven by strong Tooling growth while Series revenue remained stable.

• Adjusted EBIT rose 14.1% to €8.8 million, with margin improving to 6.6% from 6.0% last year, supported by higher turnover and cost discipline.

• Free cash flow improved significantly to €4.8 million, more than tripling year-over-year, mainly due to stronger operating cash flow.

• New business wins with Scout Motors, BMW, General Motors, and Mercedes-Benz diversified the customer base and strengthened the order book.

• Investments in DLyte advanced surface finishing technology and expansion in Asia, including a new Shanghai office, enhanced capabilities and regional presence.

Financial highlights

• Revenue: €132.6 million (+2.8% YoY); Series revenue €116.4 million (stable or slightly down); Tooling revenue €16.2 million (+33.3%).

• Adjusted EBIT: €8.8 million (+14.1% YoY); margin improved to 6.6%.

• Free cash flow: €4.8 million (up from €1.3 million prior year); operating cash flow €5.9 million.

• Net financial debt reduced to €110.4 million (down from €150.7 million YoY); gross financial debt €192.6 million (down €101.3 million YoY).

• Capital expenditure: €1.7 million (1.3% of revenue), mainly for growth projects in Pilsen and Querétaro.

Outlook and guidance

• Continued focus on cost efficiency and operational discipline expected to support stable or slightly improved profitability.

• Market conditions remain volatile due to geopolitical tensions and regional differences, with limited visibility beyond the near term.

• No formal guidance issued; reference made to the previous annual report for detailed risks.