Viscom (V6C) Q1 2026 earnings summary

Executive summary

• Order intake rose 7% year-over-year to €21.8M in Q1 2026, with order backlog up 29.9% to €26.6M, indicating expected improvement in future quarters.

• Revenue declined 27.4% year-over-year to €14.4M in Q1 2026, mainly due to lower order conversion and a changed product mix.

• EBIT dropped to -€4.0M from €24K in Q1 2025, resulting in a net loss of €4.7M.

• Management expects positive revenue and earnings trends for the remainder of 2026, supported by a robust order book and stabilizing demand.

Financial highlights

• Net profit for Q1 2026 was €-4.67M, compared to €-0.34M in Q1 2025; EPS was €-0.52 (Q1 2025: €-0.03).

• Cash flow from operating activities improved to €2.32M from €-2.38M year-over-year, mainly from reduced receivables.

• Cash and cash equivalents at period end were €4.42M, up from €3.63M a year earlier.

• Equity ratio declined to 46.5% from 52.5% year-over-year.

• EBIT margin turned negative, with a €4.0M loss versus breakeven last year.

Outlook and guidance

• Full-year 2026 guidance: order intake/revenue of €80–90M, EBIT of €1.6–4.5M, EBIT margin 2–5%.

• Positive performance anticipated later in the year due to robust order backlog and stabilizing demand.

• Market environment expected to remain volatile, with modest recovery in Germany and continued geopolitical risks.

• Liquidity for 2026 will be ensured through internal resources and available credit facilities.

• High cost discipline targeted to restore profitability.