Technotrans (TTR1) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was €113.3 million, down 6% year-over-year, with sequential improvement in Q2 and resilience amid a challenging macroeconomic environment.

• EBIT margin increased to 7.1% from 7%, marking seven consecutive quarters of stable margins and reflecting efficiency gains and a favorable product mix.

• Order backlog rose to €96 million at end of June, up 14.3% year-over-year, with a book-to-bill ratio of 1.2, supported by new business across all focus markets.

• Major strategic orders were secured in all focus markets, including data centers, battery cooling for rail, CT scanner cooling systems, and Plastics, supporting mid- and long-term growth.

• Operational resilience demonstrated through improved product mix, efficiency measures, and robust service business.

Financial highlights

• Group revenue: €113.3 million (H1 2026) vs. €120.6 million (H1 2025), -6% year-over-year.

• EBIT: €8.0 million (H1 2026) vs. €8.4 million (H1 2025); EBIT margin: 7.1% vs. 7%.

• Gross margin improved to 30.2% from 29.8%.

• EBITDA: €11.2 million (H1 2026) vs. €11.9 million (H1 2025); EBITDA margin: 9.9% vs. 9.8%.

• Net profit: €4.9 million (H1 2026) vs. €5.2 million (H1 2025); EPS: €0.71 vs. €0.75.

• Free cash flow improved to €-0.5 million (H1), positive at €0.9 million in Q2, and up from €-1.1 million prior year.

• Cash and cash equivalents stood at €12.6 million, with available credit facilities of €17.2 million.

Outlook and guidance

• Full-year 2026 guidance confirmed: revenue €240–260 million, EBIT margin 6.5–8.5%, free cash flow slightly above €10 million.

• Revenue expected toward lower end of range due to ongoing supply chain and market volatility.

• Midterm targets: revenue >€350 million by 2030, EBIT margin 9–12%, sustainable free cash flow improvement.

• Energy Management anticipated as main growth driver, with gradual recovery in Print and Plastics.