Paul Hartmann (PHH2) Q1 2025 earnings summary

Executive summary

• Achieved organic revenue growth of 1.3% year-over-year in Q1 2025, reaching €607.3 million in sales.

• Adjusted EBITDA increased by €1.9 million to €70.9 million, with margin rising to 11.7%.

• New product launches and ongoing transformation program contributed to performance.

• Maintained guidance for moderate organic revenue growth and adjusted EBITDA of €260–300 million for 2025.

Financial highlights

• Revenue rose to €607.3 million from €599.0 million year-over-year.

• Adjusted EBITDA reached €70.9 million, up from €69.0 million; margin improved to 11.7%.

• Equity ratio stable at 56.9%; net financial status improved to -€104.6 million.

• Market capitalization increased to €868.1 million; share price rose from €220 to €243.

Outlook and guidance

• Expects moderate organic revenue growth and adjusted EBITDA between €260–300 million for 2025.

• Transformation program anticipated to contribute around €50 million to results in 2025.

• Strategy focuses on strengthening earnings power and market leadership despite rising material costs and tariffs.