Pfeiffer Vacuum (PFV) H2 2025 earnings summary

Executive summary

• Revenue declined by 3.9% to €850.1 million in 2025 amid subdued global demand, missing the prior forecast of stable sales.

• EBIT rose to €90.6 million (10.7% margin), driven by a €24.0 million one-time gain from divestitures; adjusted EBIT margin was 7.8%.

• Net income increased to €60.5 million from €37.7 million year-over-year.

• Cash flow from operations fell to €41.6 million, and cash and equivalents decreased to €115.2 million.

• The company maintained a strong equity ratio of 56.0% and reduced financial liabilities to €167.1 million.

Financial highlights

• Revenue: €850.1 million (down from €884.6 million in 2024).

• EBIT: €90.6 million (up from €57.9 million); adjusted EBIT: €66.6 million.

• EBIT margin: 10.7% (adjusted: 7.8%).

• Net income: €60.5 million (up from €37.7 million).

• EPS: €6.13 (up from €3.82).

• Operating cash flow: €41.6 million (down from €69.3 million).

• Investments: €45.8 million (down from €71.0 million).

• Equity ratio: 56.0% (up from 54.0%).

Outlook and guidance

• 2026 revenue expected to remain stable, with growth in the semiconductor sector offset by a smaller consolidation scope.

• EBIT margin guidance for 2026 is 7–8% on an operational basis, with EBIT projected at €59–68 million.

• Macroeconomic and geopolitical uncertainties, including US tariffs and Middle East tensions, are not expected to materially impact results.