Biesse (BSS) Q2 2025 earnings summary

Executive summary

• Revenues for H1 2025 were €322.8 million, down 18.4% year-over-year, reflecting broad-based declines across all regions and segments due to macroeconomic uncertainties and global trade tensions.

• Adjusted EBITDA fell 51.4% to €16.0 million (5.0% margin), and net result turned negative at –€7.1 million compared to €3.9 million profit in H1 2024.

• The business environment was impacted by global trade tensions, US tariffs, and geopolitical instability, leading to reduced order intake and sales.

• The group is focused on cost rationalization, innovation, organizational restructuring, and reinforcing its sales network.

Financial highlights

• Sales decreased by €72.9 million compared to H1 2024, mainly in Lines and Machines, and across wood, stone, and glass markets.

• Adjusted EBITDA margin declined to 5.0% from 8.3% in H1 2024.

• EBIT before non-recurring items was –€2.4 million, down from €13.3 million last year; reported EBIT was –€6.7 million.

• Net financial position (excluding IFRS 16) was €4.7 million, down from €25.0 million at year-end 2024.

• Order backlog at June 30, 2025 was €250.4 million, down 1.9% from December 2024.

Outlook and guidance

• The outlook for the remainder of 2025 remains challenging due to persistent trade tensions, US tariffs, slow uptake of government incentives, and customer credit access issues.

• The Board withdrew the 2024–2026 plan, citing market uncertainty, but strategic objectives remain unchanged.

• Strategic transformation efforts will focus on customer-centric sales, innovation, and cost control.