Technotrans (TTR1) Q1 2026 earnings summary

Executive summary

• Revenue declined 8.7% year-over-year to €54.9 million in Q1 2026 amid challenging macro and geopolitical conditions, especially in Germany and the Middle East.

• EBIT margin improved to 7.0% from 6.7% due to cost discipline, favorable product mix, and restructuring, despite lower sales.

• Strategic focus on Energy Management and Healthcare & Analytics drove growth and resilience, while Print and Plastics remained weak.

• Order backlog increased to €84 million, with a book-to-bill ratio of 1.1, reflecting strong order intake in growth markets.

• Free cash flow improved significantly to €-1.4 million from €-5.8 million year-over-year.

Financial highlights

• Consolidated revenue was €54.9 million, down 8.7% year-over-year, with gross margin rising to 30.5% (from 29.9%).

• EBIT was €3.8 million (vs. €4.0 million prior year); EBIT margin improved to 7.0% from 6.7%.

• Net profit was €2.4 million; earnings per share nearly stable at €0.35.

• Equity ratio increased to 65.5%; net debt at €10.2 million, net debt/EBITDA ratio of 0.43.

• Total assets amounted to €165.3 million, up €2.7 million from year-end.

Outlook and guidance

• Guidance for FY 2026 confirmed: revenue €240–260 million, EBIT margin 6.5–8.5%, free cash flow slightly above €10 million.

• Expectation of demand stabilization and stronger momentum in H2 2026, especially in Energy Management and Healthcare & Analytics.

• Print and Plastics expected to recover in the second half of the year.

• Midterm targets: revenue >€350 million and EBIT margin 9–12% by 2030.