Uzin Utz (UZU) Q1 2026 earnings summary

Executive summary

• Completed PASSION 2025 strategy and launched new GROW BIGGER strategy targeting 8–12% annual revenue growth and EBIT margin above 10% by 2030.

• Initiated growth investments under the new strategy.

• Revenue increased 6.6% year-over-year in Q1 2026 despite a weak construction sector start.

• EBIT declined due to higher material, logistics, and personnel costs.

• Business resilience measures strengthened in response to Iran conflict.

Financial highlights

• Group sales reached €132.2m, up 6.6% year-over-year.

• EBIT was €8.7m, down 14.2% from Q1 2025; EBIT margin fell to 6.6% (down 1.6 percentage points).

• Earnings per share dropped 22.3% to €1.1.

• Investments totaled €4.5m, up 6.9% year-over-year.

• Free cash flow was negative at -€17.4m, a 46.7% decline, mainly due to lower EBIT and higher receivables.

Outlook and guidance

• Sales revenue for 2026 expected to increase slightly despite geopolitical risks.

• No reliable EBIT forecast possible; EBIT may deteriorate moderately to sharply versus prior year.

• Management expects robust demand in renovation and modernization, with selective international growth.