Elecster (ELEAV) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was €6.6 million, down 14.1% year-over-year from €7.7 million.

• Operating loss was €0.2 million, compared to a near break-even result last year.

• Pre-tax loss was €0.5 million, slightly improved from a €0.6 million loss a year ago.

• EPS remained at -€0.14.

• Order backlog increased to €8.6 million from €7.1 million, mainly due to new machinery orders.

Financial highlights

• Gross margin impacted by higher raw material costs and unfavorable timing of customer orders.

• Equity ratio improved to 63.1% from 58.4% year-over-year.

• Net debt decreased as interest-bearing liabilities fell to €9.5 million from €11.9 million.

• Cash flow from operations was €0.4 million, up from -€0.7 million last year.

• No dividend was paid for 2025.

Outlook and guidance

• Revenue and EPS are expected to improve in 2026 compared to 2025.

• Positive short-term outlook supported by strong order backlog, but geopolitical risks may slow new orders.