Business delivering largely as anticipated, guidance retained
H1 results were broadly in-line with our forecasts at the revenue and EBIT lines. EBITDA was ~EUR1m below our forecast which was offset by lower depreciation. Higher taxes drove the net result below our forecast. Management reiterated guidance (2025 revenues/EBITDA to be at least in-line with 2024 levels) with improved order book visibility alongside the recovery underway in the US increasing confidence. Overall visibility continues ....

13 Aug 2025
Business delivering as anticipated ahead of November CMD

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Business delivering as anticipated ahead of November CMD
Business delivering largely as anticipated, guidance retained
H1 results were broadly in-line with our forecasts at the revenue and EBIT lines. EBITDA was ~EUR1m below our forecast which was offset by lower depreciation. Higher taxes drove the net result below our forecast. Management reiterated guidance (2025 revenues/EBITDA to be at least in-line with 2024 levels) with improved order book visibility alongside the recovery underway in the US increasing confidence. Overall visibility continues ....