Viscom (V6C) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 was €39.3 million, down 4.9% year-over-year, with EBIT turning positive at €52 thousand compared to a loss of €4.8 million in the prior year.

• Incoming orders rose 15.9% to €42.8 million, but order backlog decreased 4.7% year-over-year to €23.4 million.

• Net loss for the period improved to €-0.7 million from €-4.1 million year-over-year; earnings per share were €-0.07 versus €-0.47.

• Workforce reduced by 123 employees to 460, mainly in Europe and Asia, as part of cost optimization.

• The company remains focused on high-tech innovations, AI-supported software, and modular product design to address market trends in electrification, digitalization, and mobility.

Financial highlights

• EBIT margin improved to 0.1% from -11.7% year-over-year, mainly due to lower personnel expenses.

• Cash flow from operating activities was €-3.0 million, down from €15.1 million in the prior year, mainly due to changes in inventories and receivables.

• Cash and cash equivalents stood at €4.4 million, down from €6.4 million year-over-year.

• Investments in intangible assets and property, plant, and equipment totaled €1.6 million, with most allocated to capitalized development costs.

• Equity ratio remained stable at 52.3%.

Outlook and guidance

• For 2025, the company expects incoming orders and revenue between €80–90 million, with an EBIT margin of 2–5% (EBIT €1.6–4.5 million).

• Management remains cautiously optimistic, expecting growth to resume in 2026 amid ongoing market challenges and subdued demand, especially in automotive electronics.

• Liquidity for 2025 is expected to be secured from internal funds and available credit lines.