Technotrans (TTR1) Q1 2026 earnings summary

Executive summary

• Revenue declined 8.7% year-over-year to €54.9 million in Q1 2026 amid challenging macroeconomic and geopolitical conditions, but EBIT margin improved to 7.0% due to cost discipline and a favorable product mix.

• Strategic focus on Energy Management and Healthcare & Analytics drove growth and resilience, while Print and Plastics segments faced declines.

• Free cash flow improved significantly to €-1.4 million from €-5.8 million year-over-year, and order backlog increased to €84 million with a book-to-bill ratio of 1.1.

• Restructuring and disciplined cost management led to a stable EBIT margin for six consecutive quarters.

• Major contracts secured in battery thermal management for rail and data center cooling, supporting long-term growth.

Financial highlights

• Consolidated revenue was €54.9 million, down 8.7% year-over-year; EBIT was €3.8 million, with EBIT margin at 7.0%.

• Gross margin rose to 30.5% (from 29.9%), EBITDA margin to 9.8% (from 9.6%), and net profit was €2.4 million; EPS stable at €0.35.

• Free cash flow improved to €-1.4 million from €-5.8 million year-over-year.

• Equity ratio increased to 65.5%; net debt at €10.2 million, net debt/EBITDA ratio of 0.43.

• Total assets amounted to €165.3 million.

Outlook and guidance

• Guidance for FY 2026 confirmed: revenue €240–260 million, EBIT margin 6.5–8.5%, free cash flow slightly above €10 million.

• Expectation of demand stabilization and stronger momentum in H2 2026, especially in Energy Management and Healthcare & Analytics; Print and Plastics expected to recover later in the year.

• Midterm targets: revenue above €350 million and EBIT margin 9–12% by 2030.

• Forecast assumes stable political and economic conditions.