Aumann (AAG) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue was €60.5 million, down 6.2% year-over-year, with a strong EBITDA margin of 10.9% and stable profitability.

• Order intake declined 32.4% year-over-year to €51.3 million but improved sequentially over the last two quarters.

• Order backlog at quarter-end was €173.4 million, down 44.7% from a year ago, but remains solid in profitability.

• Net cash position is strong at €133.3 million, with an equity ratio of 56.9%.

• E-mobility revenue grew 4.9% to €51 million, while Next Automation revenue fell 40% to €9.5 million, but order intake in Next Automation increased.

Financial highlights

• EBITDA for Q1 2025 was €6.6 million (10.9% margin), nearly flat year-over-year.

• EBIT for the quarter was €5.6 million, representing a 9.3% margin.

• Cash and cash equivalents totaled up to €140 million at quarter-end.

• E-mobility EBITDA rose 16% to €6.2 million (12.2% margin); Next Automation EBITDA margin was 14.2%.

• Order intake at €51.3 million, down from €76.0 million year-over-year.

Outlook and guidance

• 2025 revenue is expected to decline to €210–230 million due to market headwinds and investment reluctance.

• EBITDA margin guidance for 2025 is 8–10%, supported by a high-quality order backlog.

• Signs of recovery are anticipated in the second half of 2025, especially in e-mobility and next automation.

• Management expects to maintain solid profitability despite lower revenue.

• Growth in electric vehicle sales and EU regulatory changes are expected to support electromobility.