Tecnotree (TEM1V) Q1 2026 earnings summary

Executive summary

• Revenue remained stable at EUR 16.8 million, down 0.2% YoY, with constant currency growth of 1.0%.

• EBIT margin improved to 27.4%, up 50 basis points YoY, with EBIT at EUR 4.6 million (+1.8% YoY).

• Net income rose 36.5% YoY to EUR 2.1 million, supported by favorable FX gains.

• Order book surged 50% YoY to EUR 105.4 million, driven by new orders in Africa and Latin America.

• Free cash flow declined sharply to EUR 0.2 million due to collection challenges in the Middle East.

Financial highlights

• Revenue: EUR 16.8 million (Q1 2025: EUR 16.9 million).

• EBIT: EUR 4.6 million (Q1 2025: EUR 4.5 million); EBIT margin: 27.4%.

• Net income: EUR 2.1 million (Q1 2025: EUR 1.5 million).

• Free cash flow: EUR 0.2 million (Q1 2025: EUR 1.0 million).

• Cash and cash equivalents: EUR 18.5 million.

Outlook and guidance

• Revenue expected to grow by low to mid single-digit percentage in constant currency for 2026.

• Free cash flow guidance for 2026 set at over EUR 5.0 million.

• Guidance assumes current market outlook and exchange rate trends, especially USD/EUR.