PVA TePla (TPE) Q3 2026 earnings summary

Executive summary

• 9M order intake reached a record €273.4m, up 54.9% YoY, with a 1.50 book-to-bill ratio and demand across both segments.

• 9M revenue rose 3.7% to €181.8m, while EBITDA fell to €10.4m from €18.7m; Q3 revenue and profitability recovered.

• Q3 revenue rose 12.3% YoY to €62.7m; EBITDA reached €6.0m and a 9.6% margin.

Financial highlights

• Q3 gross profit increased 17.3% to €19.3m; gross margin was 30.8%, versus 29.4% a year earlier and 28.1% in Q2.

• 9M gross profit was €52.9m versus €56.3m; gross margin fell to 29.1% from 32.1%.

• 9M EBIT was €1.6m versus €11.2m; net loss was €2.0m versus net profit of €6.2m. Q3 net profit was €0.8m.

Outlook and guidance

• FY 2026 revenue guidance remains €255m–€275m; EBITDA is expected at the lower end of the original €26m–€31m range.

• Q4 revenue is expected to rise significantly as Material Solutions orders from Q4 2025 and Q1 2026 enter production; Q4 gross margin is expected in the mid-30s with broadly flat OpEx.

• Higher utilization, stronger Metrology contributions and higher-margin Material Solutions projects are expected to improve Q4 earnings; management confirmed the €500m midterm revenue target for 2028.