Half-Year Financial Report January-June 2026 (unaudited): Strong cash generation and focus on improving returns

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Key figures

(EUR 1,000 unless stated otherwise)4-6/
2026
4-6/
2025
Change
1-6/
2026
1-6/
2025
Change12
months
rolling
Change1-12/
2025
Net sales110,47782,899+33%229,481165,697+38%447,178+17%383,394
EBITDA13,56811,775+15%31,54924,774+27%61,909+12%55,134
EBITA6,1687,198-14%17,94516,150+11%36,717+5%34,922
EBITA margin5.6%8.7%7.8%9.7%8.2%9.1%
Adjusted EBITA 1) 2)8,0427,566+6%20,87316,749+25%42,540+11%38,416
Adjusted EBITA margin 1) 2)7.3%9.1%9.1%10.1%9.5%10.0%
Operating profit4,1506,264-34%13,94114,410-3%29,065-2%29,534
Profit for the period-5661,4766,3857,333-13%14,756-6%15,704
Earnings per share, basic-0.090.080.240.41-42%0.64-21%0.81
Adj. EPS excl. acquisitions, basic 1) 2)0.120.15-20%0.610.54+14%1.37+6%1.29
Cash flow from operations6,810-22117,1632,44048,672+43%33,949
Net Debt to EBITDA, LTM3.654.36-16%3.80
Net Debt to EBITDA, LTM (non-IFRS) 2)4.353.59+21%4.42
Return on net working capital 2) 3)42.8%47.7%41.5%
Return on capital employed 2) 3)10.8%12.8%11.1%
The change percentages in the tables have been calculated on exact figures before the amounts were rounded to millions of euros.
 
1) Excluding IACs and purchase price allocation adjustments and amortisations (PPAs) as applicable
2) Alternative Performance Measure (“APM”)
3) The calculation formula of this key figure has been changed starting from the Q1 2026 interim report. The comparison period key figure has been restated accordingly.
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