Novem Group (NVM) Q2 2027 earnings summary

Executive summary

• Q2 revenue rose 14.5% YoY to €143.7m; adjusted EBIT increased 39.4% to €10.7m, with margin improving to 7.5%.

• HY revenue grew 8.6% to €276.3m and adjusted EBIT rose 26.8% to €19.5m, supported by Tooling project closures.

Financial highlights

• Q2 revenue was €143.7m versus €125.5m; adjusted EBIT was €10.7m versus €7.7m, and reported EBIT was €9.6m versus €6.3m.

• HY reported EBIT rose to €17.9m from €13.8m; adjusted EBIT was €19.5m versus €15.4m, and adjusted EBITDA was €33.9m versus €31.1m.

• HY profit was €4.9m versus €18.3m; the financial result swung to an €8.4m expense from €10.8m income, while basic and diluted EPS fell to €0.11 from €0.43.

• HY operating cash flow was €20.4m versus €19.6m; free cash flow rose to €18.6m from €17.2m. Q2 free cash flow was €13.7m versus €15.8m.

• At prior-year constant exchange rates, HY revenue would have declined 0.5%.

Segment performance

• HY Series revenue declined 2.6% to €226.8m; Tooling revenue more than doubled to €49.5m, primarily due to project timing and closures.

• Q2 Series revenue fell 4.8% to €110.5m, mainly due to the Americas; Tooling revenue rose to €33.2m after closures including BMW 7-Series, Mercedes-Benz GLE and BMW X5 projects.

• Q2 Europe revenue increased €26.5m, while Americas revenue fell €7.0m and Asia revenue declined €1.3m.

• HY Europe revenue rose 32.4% to €128.3m and adjusted EBIT improved to -€0.7m from -€10.6m; Americas revenue fell 5.3% to €123.1m and adjusted EBIT declined 24.1% to €19.3m.

• HY Asia revenue decreased 9.9% to €25.0m; adjusted EBIT rose to €0.9m from €0.5m, with margin improving to 2.7% from 1.4%.