Technotrans (TTR1) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 rose 4.6% to €183.5 million, driven by strong growth in Energy Management, Healthcare & Analytics, and Print markets.

• EBIT increased 68% to €12.8 million, with EBIT margin improving to 7.0% from 4.3% year-over-year.

• Net profit nearly doubled to €8.0 million, with EPS at €1.15, and ROCE/ROSI rose to 16.3%.

• Order backlog reached €86 million, with a book-to-bill ratio of 1.1, supporting future growth.

• Major orders secured in print, space communication, data centers, and e-buses, reinforcing market position.

Financial highlights

• Gross profit rose 12.1% to €53.6 million, with gross margin improving to 29.2%.

• EBITDA increased to €18.0 million, margin at 9.8%, and net income reached €8.0 million.

• Free cash flow surged to €8.0 million from €0.2 million last year.

• Net debt reduced to €16.9 million, with net debt/EBITDA at 0.69 and equity ratio stable at 59.9%.

• Earnings per share increased to €1.15 from €0.66.

Outlook and guidance

• 2025 revenue guidance confirmed at €245–265 million, EBIT margin 7–9%, and ROCE/ROSI 13–16%.

• Management expects positive Q4 2025 development, especially in focus markets.

• ROSI/ROCE expected to end in the upper half of guidance, already above 16%.

• Market environment seen as attractive, with 2030 ambitions: revenue over €350 million and EBIT margin 9–12%.

• Forecast subject to macroeconomic and geopolitical risks, including regulatory changes.