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Bertrandt (BDT) investor relations material
Bertrandt Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Market environment remains challenging but shows initial signs of recovery in Germany, especially in the automotive sector towards the end of the quarter.
Total revenues for Q1 2025/2026 were EUR 234.1 million, down 12.2% year-over-year, reflecting delayed projects and lower capacity utilization.
EBIT improved to EUR 0.238 million from EUR -2.143 million in the prior year, driven by cost-cutting and the 'Fit for Future' program.
Net loss after taxes narrowed to EUR -2.76 million, with EPS at EUR -0.27, compared to EUR -3.67 million and EPS of EUR -0.36 last year.
F³/'Fit for Future' earnings improvement programs and further cost measures contributed to positive EBIT and improved balance sheet metrics.
Financial highlights
Total sales for Q1 2025/2026 were EUR 234.1m, flat sequentially but down 12.2% year-over-year.
EBIT was slightly positive at EUR 0.238m, compared to EUR -2.143m in Q1 2024/2025.
EPS stood at EUR -0.27, an improvement from EUR -0.36 in the prior year.
Free cash flow was EUR 46.7m, up from EUR 38m year-over-year.
Equity ratio improved to 46.4% from 42.3% in the previous year.
Outlook and guidance
Economic and geopolitical environment expected to remain volatile and challenging.
Normalization in capacity call-offs anticipated from H2 2025/2026, with mounting cost benefits.
FY 2025/2026 revenues expected to be moderately up year-over-year; EBIT and operating cash flow forecasted to be significantly up to positive values.
Segment guidance indicates moderate revenue growth and significant EBIT improvement across all divisions.
Margin ambition set at 6-9% in a normalized sourcing environment within the next 2-3 years.
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