Müller (MLL) H1 2026 earnings summary

Executive summary

• Revenue increased by 1.1% year-over-year to €124.1 million in H1 2026, despite a challenging economic environment and declining volumes in the automotive sector, offset by growth in other sectors such as electronics.

• EBIT decreased by 4.0% to €3.5 million, while EBITDA rose by 1.4% to €20.5 million year-over-year.

• Net income dropped 32.3% to €0.85 million, with EPS at €0.11 compared to €0.16 in the prior year.

• The company maintained a stable cash flow from operations and increased its investment in automation.

Financial highlights

• Revenue: €124.1 million (+1.1% YoY); EBITDA: €20.5 million (+1.4% YoY); EBIT: €3.5 million (-4.0% YoY).

• Net income: €0.85 million (-32.3% YoY); EPS: €0.11.

• Equity ratio: 21.6% (vs. 21.4% prior year); cash and equivalents: €15.6 million (vs. €8.4 million prior year).

• Cash flow from operations: €17.7 million (stable YoY); investments: €7.8 million, mainly in automation.

• Dividend of €0.15 per share approved for 2025, up from €0.10 prior year.

Outlook and guidance

• Full-year 2026 revenue expected between €245 million and €253 million.

• EBIT guidance confirmed at €7.3 million to €8.6 million.

• Management notes that actual results may deviate from forecasts due to uncertainties.