Biesse (BSS) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenues were €153.3 million, down 21.7% year-over-year, with a net loss of €2.8 million and adjusted EBITDA of €4.4 million, reflecting sharp declines due to macroeconomic and geopolitical uncertainties.

• The company is present in over 90 markets, with EMEA accounting for 63.5–64% and the Americas 22% of Q1 sales.

• The Board withdrew the 2024-2026 Three Years Plan due to market uncertainty, though strategic objectives and transformation initiatives continue.

• Headcount reduced by 440–444 year-over-year as part of ongoing right-sizing and cost alignment.

• Organizational transformation and process optimization are underway to improve efficiency.

Financial highlights

• Q1 turnover was €153.3 million, down €42.5 million (21.7%) year-over-year.

• Adjusted EBITDA was €4.4 million (2.9% margin), a 73.8–73.9% decrease from Q1 2024.

• EBIT before non-recurring items was negative at €4.7 million (-3.0% margin).

• Net result was a loss of €2.8 million, down €5.7 million from Q1 2024.

• Net financial position was €5.0 million positive at March-end, down €19.9–20 million from year-end 2024.

Outlook and guidance

• Economic and financial targets from the three-year plan have been withdrawn due to high uncertainty, but strategic guidelines remain.

• Management expects to limit further revenue losses, supported by a growing order backlog and cost containment.

• Tariff increases in the U.S. are expected to impact sales, especially in 2026.