Uzin Utz (UZU) Q1 2025 earnings summary

Executive summary

• Sales reached €124.1 million in Q1 2025, up 3.4% year-over-year, with EBIT rising 6.8% to €10.2 million and EPS increasing 19.7% to €1.4.

• The share price grew 19.3% during the quarter, peaking at €64.50 before closing at €58.00.

• The workforce expanded to 1,522 employees, with personnel costs rising by €1.5 million.

Financial highlights

• EBIT margin improved to 8.2% from 7.9% year-over-year.

• Equity ratio remained strong at 61.2% as of March 31, 2025.

• Personnel cost ratio increased slightly to 27.4%.

Outlook and guidance

• Global GDP growth forecast revised down to 2.8% for 2025, with eurozone at 0.8%.

• Germany's GDP growth forecast at 0.2%, with construction turnover expected to decline by 2.5%.

• US GDP growth projected at 2.6% in the base scenario, but subject to high policy uncertainty.

• UK and France face lowered growth forecasts and construction sector challenges.

• Slight sales growth expected for the year, supported by a €500 billion German infrastructure stimulus.