Meier Tobler Group (MTG) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 was CHF 234.8 million, down 1.7% year-over-year; organic decline was 0.9% after adjusting for a divestiture.

• EBITDA increased 0.7% to CHF 17.3 million, with margin improving to 7.4% from 7.2% year-over-year.

• Net income fell to CHF 7.3 million from CHF 8.0 million, mainly due to higher tax expenses and ongoing goodwill amortization.

• Operational progress included logistics optimization and successful SAP S/4HANA ERP rollout.

Financial highlights

• EBIT was CHF 9.8 million, stable year-over-year.

• EPS (weighted) was CHF 0.66, down from CHF 0.72 year-over-year.

• Operating cash flow was negative CHF 14.0 million, slightly improved from negative CHF 14.5 million in H1 2024.

• Net debt increased to CHF 54.3 million from CHF 43.8 million a year earlier.

• Equity ratio stood at 47.8% at June 30, 2025, compared to 48.3% a year ago.

Outlook and guidance

• Strategy focuses on growth in four business areas and operational improvements.

• Positive market indicators (building permits, interest rates) suggest potential recovery.

• No financial guidance issued due to geopolitical uncertainties.

• Further details on share buyback program to be provided in Q3 2025.