Voltatron (VOTR) Q1 2026 earnings summary

Executive summary

• Achieved Q1 2026 revenue of €12.6M from continuing operations, a significant year-over-year increase driven by the consolidation of acquired subsidiaries, notably KOMITEC electronics GmbH.

• Integration of KOMITEC electronics GmbH completed, strengthening the electronics manufacturing segment and broadening the customer base.

• Focused on expanding organic growth and continuing the buy-and-build M&A strategy, with an increased international orientation.

• Operational performance in line with expectations despite challenging macroeconomic and industry conditions.

• Management confirmed the 2026 forecast despite a challenging market environment.

Financial highlights

• Revenue from continuing operations rose to €12.6M (Q1 2025: €1.7M), up 619%.

• EBITDA from continuing operations at €2.1M (16.6% margin); adjusted EBITDA at €1.0M (8.1% margin).

• EBIT from continuing operations at €0.7M; adjusted EBIT at €0.6M, margin 4.6%.

• Net income for continuing operations was €0.3M, compared to a loss of €0.5M in Q1 2025.

• Basic earnings per share at €0.02 (Q1 2025: €0.10 or -€0.02 for continuing operations).

Outlook and guidance

• FY 2026 revenue expected between €47M and €51M.

• Targeted adjusted EBITDA margin between 7% and 10%; adjusted EBT margin between 3% and 4%.

• Operating gross margin forecasted at 37–44%.

• No change to guidance despite ongoing macroeconomic and supply chain uncertainties.

• Focus on organic growth and further M&A to drive platform expansion.