Wolftank Group (WAH) Q1 2026 TU earnings summary

Executive summary

• Sales grew 46% year-over-year to EUR 37.6m in Q1 2026, with EBIT nearly quadrupling to EUR 2.2m.

• Profit after tax rose to EUR 1.0m, reflecting strong operational execution and efficiency measures.

• Order intake reached EUR 26.8m, with an order backlog of EUR 124.5m as of March 31, 2026.

Financial highlights

• EBITDA increased 70% year-over-year to EUR 3.5m, with margin improving to 9.3%.

• EBIT margin rose to 5.9% from 2.3% in Q1 2025.

• Profit before tax was EUR 1.8m, up from EUR 0.2m year-over-year.

Outlook and guidance

• Maintains 2026 guidance: EBITDA margin of 6-7% on sales of EUR 135m.

• Expects potential cost pressures from geopolitical uncertainties and rising energy prices.

• Margin may normalize seasonally due to project mix and external factors.