Tecan Group (TECN) Q1 2026 TU earnings summary

Executive summary

• Achieved 3.4% sales growth in local currencies for Q1 2026, with order entry up 6.7%.

• Book-to-bill ratio remained above 1 in both business segments.

• The "Rewired" program for portfolio discipline and operational excellence is progressing as planned.

Financial highlights

• Q1 2026 sales grew 3.4% in local currencies compared to the same quarter last year.

• Order entry increased by 6.7% in local currencies year-over-year.

• 2025 full-year sales were CHF 883 million (USD 1,063 million; EUR 939 million).

Outlook and guidance

• 2026 guidance reaffirmed: low single-digit percentage sales growth in local currencies.

• Adjusted EBITDA margin expected between 15.5% and 16.5% of sales for 2026.

• Medium-term targets: CHF 1 billion sales and 20% adjusted EBITDA margin by 2028.

• Outlook assumes stable tariff rates and specific exchange rate forecasts (EUR/CHF 0.92, USD/CHF 0.80).