Earnings Calls

Last Earnings Call

Fiscal Period
Q3 2026
Call Date
Aug 3, 2026
AI Summary
Q3 2026

Revenue: Third-quarter revenue came in at EUR 299 million, about 4% to 4.5% below last year, as China and broader Asia Pacific weakness weighed on sales.

Margins: Despite softer sales, EBIT margin improved to 10.8% from 10.5% last year, helped by efficiency work and a stronger mix toward industrial business.

Portfolio shift: The sale of Tech Products and Fabreeka was completed, and management said the divestiture helps the company focus on core automation, robotics, and industrial motion control.

Deleveraging: Debt fell from EUR 631 million to EUR 554 million, and net leverage declined to 2.77 after using divestment proceeds to pay down debt.

Outlook: Full-year guidance was narrowed but left broadly intact at about EUR 1.15 billion revenue, around 10% adjusted EBIT margin, and about EUR 90 million free cash flow.

Growth pockets: Management pointed to door actuation, defense, and humanoid robot actuator projects as future growth drivers, but said humanoids will only contribute sample parts this year and low-single-digit-million sales next year.

Key Financials
Revenue
EUR 299 million
EBIT margin
10.8%
Organic revenue growth
-4.4%
Industrial organic growth
8%
Automotive organic growth
-15%
APAC sales growth
-18%
Free cash flow
EUR 28.5 million
Net debt
EUR 554 million
Net leverage
2.77
Covenant headroom
3.9
Net working capital
20.5%
Cost savings
EUR 15.4 million
Restructuring expense
EUR 7.6 million
Restructuring cash outflow
EUR 7.3 million
Price erosion in APAC
5% to 6%
Revenue guidance
EUR 1.15 billion
Adjusted EBIT margin guidance
Around 10%
Free cash flow guidance
EUR 90 million
Earnings Call Recording

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