Viscom (V6C) Q4 2025 earnings summary

Executive summary

• Revenue declined 2.8% year-over-year to €81.7 million, within the forecast range despite weak market conditions and subdued demand in key markets, especially automotive and battery inspection.

• Incoming orders increased 7.9% to €80.98 million, confirming the viability of the sales strategy.

• EBIT improved significantly to €-1.8 million from €-11.8 million year-over-year, but remained below the forecast range due to higher material costs and provisions.

• Net loss narrowed to €-5.6 million from €-9.6 million in the prior year.

Financial highlights

• EBIT margin improved to -2.2% from -14.1% year-over-year.

• Earnings per share improved to €-0.61 from €-1.06 year-over-year.

• Personnel expenses fell by €8.2 million due to workforce adjustments.

• Cash flow from operating activities was €-1.9 million, down from €25.1 million in the prior year.

• Equity ratio decreased to 48.6% from 53.6% year-over-year.

Outlook and guidance

• For 2026, order intake and revenue are expected in the €80–90 million range, with an EBIT margin of 2–5% (EBIT €1.6–4.5 million).

• Focus for 2026 will be on consolidation, efficiency improvements, and strategic development amid ongoing market uncertainty.