Novem Group (NVM) Q4 2026 earnings summary

Executive summary

• Full-year revenue reached €510.9m, down 5.6% year-over-year amid muted market conditions.

• Adjusted EBIT for the year was €31.8m, down 35.0%, with a margin of 6.2%.

• Free cash flow for the year was €48.1m, up 68.9% from the previous year, highlighting strong cash generation.

• Persistent macroeconomic headwinds, including protectionism and tariffs, continued to impact demand.

• New business wins in China and contracts with GM and Porsche supported order intake above €60m.

Financial highlights

• Q4 revenue was €138.6m, up 0.4% year-over-year, driven by strong Tooling business.

• Revenue Series declined 5.4% in Q4, while Tooling revenue rose 36.3% due to favorable project phasing.

• Q4 Adj. EBIT was €9.6m, down 24.3% year-over-year; full-year Adj. EBIT dropped by €17.1m (-35.0% y/y).

• Free cash flow in Q4 was €9.7m, below last year by €17.0m, but full-year free cash flow rose to €48.1m.

• Full-year capital expenditure totaled €12.4m, with a capex ratio of 2.4%.

Outlook and guidance

• Persistent macroeconomic uncertainties, protectionism, and tariffs are expected to continue impacting demand.

• Cost structure improvements anticipated from completed severance program in Germany.

• Continued focus on cost-control initiatives and deleveraging to support financial stability.

• Diversification into adjacent mobility segments reinforced by positive feedback at Aircraft Interiors Expo.