Wolftank Group (WAH) Q1 2025 TU earnings summary

Executive summary

• Sales increased by 9.8% year-over-year to EUR 25.7m in Q1 2025 despite challenging economic conditions.

• EBITDA remained stable at EUR 2.1m, while EBIT doubled to EUR 0.6m compared to Q1 2024.

• Order backlog rose from EUR 100m at quarter-end to EUR 152m after securing additional contracts.

• Segment structure was simplified to two focused areas: Environmental Services and Hydrogen & Renewable Energies.

• Strategic review process initiated to develop a long-term growth and profitability plan.

Financial highlights

• Revenue reached EUR 25.7m, up from EUR 23.4m in Q1 2024.

• EBITDA was EUR 2.1m (margin 8.2%), nearly unchanged from EUR 2.0m (margin 8.5%) in Q1 2024.

• EBIT increased to EUR 0.6m from EUR 0.3m year-over-year.

Outlook and guidance

• Strong order backlog of EUR 152m provides confidence for revenue development in the remainder of 2025.

• Medium- and long-term strategy to be finalized and presented in the second half of 2025.