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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.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.
- Record order intake and 26% revenue growth set the stage for ambitious 2026 targets.THEON
H2 202521 Apr 2026 - FY 2026 revenue guided at €570–600m, digital products to reach 25% of sales.THEON
Investor update6 Mar 2026 - Record FY 2025 results with 25.9% revenue growth and 182% order surge; 30% growth targeted for FY 2026.THEON
H2 2025 TU20 Feb 2026 - Record revenue and profit growth driven by strategic acquisitions and global expansion.THEON
H1 202421 Jan 2026 - Revenue up 25.5%, EBIT up 32.8%, and FY 2025 guidance raised on strong growth.THEON
Q3 2025 TU15 Dec 2025 - 61% revenue growth, 25.1% margin, and record backlog drive strong 2025 outlook.THEON
H2 202429 Nov 2025 - Strong order growth, global expansion, and digital innovation drive robust financial outlook.THEON
CMD 2025 Presentation7 Nov 2025 - Strong H1 2025 growth, high margins, and global expansion support a robust outlook.THEON
H1 20258 Sep 2025 - Record H1 2025 results driven by robust orders, margin expansion, and accelerating growth strategy.THEON
H1 2025 TU28 Jul 2025
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