Theon International
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Theon International (THEON) investor relations material

Theon International Q1 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 TU earnings summary5 May, 2026

Executive summary

  • Q1 2026 delivered strong revenue growth and margin resilience, with continued confidence in full-year guidance and medium-term targets.

  • Organic and inorganic growth strategies are advancing, including new acquisitions and strategic partnerships.

  • Platform-based products and geographic diversification are contributing to top-line expansion.

Financial highlights

  • Revenue rose 32.3% year-over-year to €120.1m, outpacing the addressable market.

  • Adjusted EBITDA increased 28.5% to €31.8m; Adjusted EBIT up 26.2% to €30.0m.

  • Adjusted EBIT margin remained robust at 25.0% despite new business integration.

  • EPS surged 175.3% year-over-year to €0.692, aided by Exosens stake appreciation.

  • Order intake declined 40.6% to €70m due to seasonality, but options added €40m to future potential.

  • Soft backlog stable at €1,420m, with options on backlog up 4.7% sequentially.

  • Net debt position at €228.2m, with leverage (Net Debt/LTM EBITDA) at 1.8x.

Outlook and guidance

  • FY 2026 revenue guidance reaffirmed at €570–600m, with mid-twenties adjusted EBIT margin.

  • Organic growth target above 15% per annum, supported by bolt-on M&A.

  • Capex expected at €30m; dividend proposal of €24.4m at upcoming AGM.

  • Platform products targeted to represent 20% of group revenues in the medium term.

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Q2 2026 TU27 Jul, 2026
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