Financial Target AdjustmentThe company's financial targets have been lowered, with a cut in FY25E-26E EBITDA estimates by an average of 21%.
Geopolitical UncertaintyBiesse's reference market in 1H25 continued to be weak because of the uncertainty related to US duty negotiations with several countries, ongoing geopolitical tensions, the complexity of 5.0 incentives in Italy, and an ongoing difficulty to access credit, which determined a postponement of purchases for several customers.
Revenue Decline1H revenues declined by 18.4% to EUR 322.8M, mainly due to lower revenues of Lines and Machines, around EUR 64M.