Bertrandt Ag · XETR:BDT
Bertrandt — Q1 2025/2026 Earnings Presentation
15 slides from Bertrandt's earnings presentation, Feb 12, 2026
Slide 1: Welcome to the Q1 2025/2026 Analyst & Investor Conferences
Welcome to the Q1 2025/2026 Analyst & Investor Conferences Markus Ruf, Björn Voss | February 2026
Slide 2: Market environment
Market environment − General conditions unchanged to prior quarters, and economic environment still challenging, but… − …initial signs of recovery in Germany towards the end of the quarter Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 − German automotive industry with improved sen
Slide 3: Q1 2025/2026 at a glance
Q1 2025/2026 at a glance Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 Total Sales EBIT EPS Free cashflow Equity ratio EUR 234m EUR 0.2m EUR -0.27 EUR +47m 46% 12.02.2026 flat qoq Q1 24/25: EUR -2m Q1 24/25: EUR -0.36 Q1 24/25: EUR +38m Q1 24/25: 42% -12% yoy 3
Slide 4: Total sales stabilized qoq
Total sales stabilized qoq − High prior year base, capacity reduction, short-time work − Sales stable qoq despite adverse working day effect (-3 qoq) − Germany: -13% yoy, RoW: -16% yoy (France) Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 2024/2025 2025/2026 GE: -2.606 Int.: 12 1
Slide 5: EBIT slightly positive
EBIT slightly positive 2024/2025 2025/2026 − F3 benefits support EBIT Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 − All cost items reduced − Personnel expenses: -27.9m yoy 3.418 0.238 − Material expenses: -2.1m yoy -2.143 − Other operating expenses: -2.3m yoy -12.236 − D&A: -1.9
Slide 6: P&L KPIs: cost optimizations offset top line decline
P&L KPIs: cost optimizations offset top line decline Item Q1 Q1 (% sales) (% sales) Comment (EUR m) 2025/2026 2024/2025 Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 Market environment still characterized by weak capacity call-offs Total sales 234.052 - 266.451 - in Germany and ab
Slide 7: Balance sheet KPIs: significant deleveraging
Balance sheet KPIs: significant deleveraging Q1 2025/2026 2024/2025 Item (EUR m) Comment (end of period) (end of period) Balance sheet total 655.576 734.261 D&A vs CapEx, WC improvement Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 Working Capital (WC) 201.894 238.896 WC managemen
Slide 8: Forecast for fiscal year 2025/2026
Forecast for fiscal year 2025/2026 Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 Economic and Ongoing and Normalization in Customers announced Regulatory (geo)-political accelerated transfer capacity call-offs many new models requirements, environment remain of R&D into expected f
Slide 9: Forecast FY 2025/2026 and mid-term ambition
Forecast FY 2025/2026 and mid-term ambition Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 Total EBIT FY Operating Margin Revenues 25/26 Cashflow Ambition* Moderately up yoy Significantly up yoy Significantly up yoy 6-9% in a (FY 2024/2025: to positive value (FY 2024/2025: normaliz
Slide 10: Summary and outlook
Summary and outlook − Market environment stabilizing − Recovery of OI Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 − Sales still down yoy on higher prior-year base, but stable qoq − Benefits from F3 earnings improvement program and additional measures (admin, leadership) offset s
Slide 11: Q&A
Q&A Markus Ruf, Björn Voss 11 12.02.2026 Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026
Slide 12: Thank you very much for your participation!
Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 Thank you very much for your participation! 12.02.2026 Do you have any questions? Please contact: bjoern.voss@bertrandt.com 12
Slide 13: Financial calendar and download links
Financial calendar and download links 18 December 2025 FY 2024/2025, Investor, Analyst & Press conferences 12 February 2026 Q1 2025/2026 Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 18 February 2026 AGM (Sindelfingen) 13 May 2026 Q2 2025/2026, Capital Market Day (Ehningen) 03 Aug
Slide 14: Contact details
Markus Ruf Member of the Board, Finance Bertrandt AG, Birkensee 1, 71139 Q1 Analyst & Investor Conferences | Bertrandt AG I February 2026 Ehningen, Germany +49 7034 656 13076 Björn Voss Vice President Investor Relations and M&A bjoern.voss@bertrandt.com www.bertrandt.com 12.02.2026 14
Slide 15: Disclaimer
Disclaimer This presentation contains, among other things, certain forward-looking statements about future developments that are based on management's current estimates. Such statements are subject to certain risks and uncertainties. If any of these or other Q1 Analyst & Investor Conferences | Bertr