Kapsch TrafficCom (KTCG) Q4 2026 earnings summary

Executive summary

• Revenues declined by 19% year-over-year to €431mn, mainly due to the removal of major operation projects and market challenges.

• EBIT reached €5.6mn, impacted by lower revenue and a €2mn impairment.

• Net result attributable to equity holders was €-18.7mn, with EPS at €-1.31.

• Comprehensive restructuring and cost adjustments were initiated to address the downturn, with effects expected in 2026/27.

Financial highlights

• Revenue for FY 2025/26 was €430.6mn, down 18.8% from €530.3mn in FY 2024/25.

• EBIT decreased 23.6% to €5.6mn; EBIT margin was 1.3%, down 0.1 percentage points.

• Result attributable to equity holders was €-18.7mn; EPS was €-1.31.

• Free cash flow dropped 92% to €1.7mn; cash and cash equivalents fell to €23mn.

• Net debt increased 11.7% to €113.4mn; financial liabilities reported as current at €110mn due to covenant breaches.

Outlook and guidance

• Revenues and EBIT are expected to rise in FY 2026/27, driven by project catch-up, a strong order backlog of €1.3bn, and cost adjustments.

• Additional positive impact anticipated from the sale of the majority stake in tolltickets GmbH.

• Continued strong focus on costs, liquidity management, and maintaining capacity for growth.