Financial key performance indicators
In millions of euros |
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BY |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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1st quarter 2025/26 |
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2nd quarter 2025/26 |
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3rd quarter 2025/26 |
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4th quarter 2025/26 |
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2025/26 |
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2024/25 |
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Change |
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Revenue |
|
1,087.0 |
|
1,018.3 |
|
983.7 |
|
965.7 |
|
4,054.7 |
|
4,167.9 |
|
−2.7 |
EBITDA |
|
102.0 |
|
89.9 |
|
77.5 |
|
105.1 |
|
374.5 |
|
461.1 |
|
−18.8 |
EBITDA margin |
|
9.4% |
|
8.8% |
|
7.9% |
|
10.9% |
|
9.2% |
|
11.1% |
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|
EBIT |
|
54.4 |
|
42.3 |
|
29.5 |
|
57.8 |
|
184.0 |
|
273.5 |
|
−32.7 |
EBIT margin |
|
5.0% |
|
4.2% |
|
3.0% |
|
6.0% |
|
4.5% |
|
6.6% |
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|
Employees (full-time equivalent) |
|
15,008 |
|
15,186 |
|
14,992 |
|
14,914 |
|
14,914 |
|
15,071 |
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−1.0 |
Division decreased by 2.7% year-over-year in the 2025/26 business year, from EUR 4,167.9 million in the 2024/25 business year to EUR 4,054.7 million in the current reporting period. The main reasons for this were declining shipment volumes and lower contract prices in the Tubulars (seamless tubes) product segment, which faced high import tariffs, particularly in the key U.S. market. In contrast, the division was able to increase sales volumes in the Rails and Wire product segments.
The Metal Engineering Division’s operating result (EBITDA) for the current reporting period was EUR 374.5 million (margin 9.2%), down 18.8% from the prior-year figure of EUR 461.1 million (margin 11.1%). Difficult market conditions led to a significant decline in earnings in the Industrial Systems business unit—and here, above all, in the Tubulars segment. The Railway Systems business unit also remained slightly below the high earnings level of the previous year. The division’s EBIT decreased by 32.7% year-over-year, from EUR 273.5 million (margin 6.6%) to EUR 184.0 million (margin 4.5%).
In a direct quarter-on-quarter comparison between the third and fourth quarters of 2025/26, revenue declined slightly, while earnings showed a significant improvement. Revenue decreased by 1.8% from EUR 983.7 million to EUR 965.7 million. The Railway Systems business unit recorded a slight decline in revenue but maintained a consistently strong operating profit performance (EBITDA). The Industrial Systems business unit, on the other hand, was able to increase both revenue and earnings despite the continued challenging operating environment. Overall, the Metal Engineering Division increased EBITDA by 35.6% from EUR 77.5 million (margin 7.9%) to EUR 105.1 million (margin 10.9%). EBIT reached EUR 57.8 million (margin 6.0%) in the fourth quarter of the 2025/26 business year, representing a 95.9% increase over the previous quarter (EUR 29.5 million, margin 3.0%).
As of March 31, 2026, the Metal Engineering Division employed 14,914 full-time equivalents (FTEs). Compared to the reporting date at the end of the 2024/25 business year (15,071), this represents a decrease of 1.0%.