Revenue Reported for Q1 2026
Revenue of EUR 53.4 million in Q1 2026 (company stated figure).
Strong Cash Generation and Improved Free Cash Flow
Operating cash flow of EUR 21.5 million and free cash flow of EUR 18.6 million, described as a significant improvement versus the same quarter last year due to a reduction in trade receivables.
Leverage and Balance Sheet Improvement
Net financial debt decreased versus prior-year and leverage (net debt / EBITDA LTM) improved to 3.1x from 3.3x at end-2025.
Systems / Instrument Business Momentum
Systems/instrument business shows ongoing positive trend with double-digit growth in the quarter, indicating stable demand and positioning for future service & consumables revenue.
Guidance Confirmed and Long-Term Targets
Company confirmed 2026 guidance: medium to high single-digit top-line growth (constant currency) with H2 loading; EBIT guidance at 2025 level (~10%). Long-term targets: 6%-8% CAGR (2025–2028) and EBIT margin targets of ≥13% by 2028 and ~15% by 2030.
Capital Discipline and Investment Guidance
Combined investments (tangible + intangible) guided to 6.5%–8.5% of revenue; current capex ratio at 5.4% of revenue (slightly below planned range) reflecting cautious/phased investment approach.
Order/Forecast Visibility Improvements
Shift of some customers from rolling forecasts to firmer order patterns (especially for year-end business) increases transparency and supports more plannable H2 manufacturing and logistics.