Biesse (BSS) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw a 14% year-over-year decline in net sales to €482.4 million, with significant reductions across all major segments and geographies, and a negative net result of €8.9 million.

• Order intake and backlog declined sharply, with order intake down by €53 million and backlog at €210.9 million, reflecting ongoing market pressures.

• Headcount was reduced by 408 employees year-over-year as part of restructuring and cost containment efforts.

• New management implemented cost-saving measures, rationalized investments, and approved a new executive appointment and share buyback program.

• Merger of Bavelloni S.p.A. into the company was approved as part of intra-group reorganization.

Financial highlights

• Net sales for Q3 2025 were €482.4 million, down 14% from Q3 2024.

• Adjusted EBITDA was €25.2 million (5.2% margin), down 42.7% year-over-year.

• EBIT before non-recurring items was -€1.9 million (-0.4% margin); after non-recurring items, EBIT was -€6.7 million.

• Net result was negative €8.9 million (-1.8% of revenues), compared to a positive €2.6 million in Q3 2024.

• Net financial position (with IFRS 16) was -€48.2 million at Q3 2025, deteriorating from -€25 million at December 2024.

Outlook and guidance

• Management expects gradual improvement in financial indicators and order intake starting in Q4, with Q4 anticipated to be the strongest quarter.

• Strategic initiatives, including cost containment and process review, are expected to yield tangible results next quarter.

• Slight headcount and labor cost increases are expected in 2026 due to selective hiring.

• Industrial integration, particularly with GMM, will continue into the first half of 2026.

• The slowdown in order intake and backlog suggests continued pressure on future revenues.