Polytec Holding AG (0GOX) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, dear ladies and gentlemen. Thank you for joining us for today's investor and analyst conference call on Polytech quarter one results 2025. I would like to start with the key message and the brief summary and the major financial figures. Polytech Group started the 2025 financial year with good news. We reached a positive net result as announced or even promised in our outlook three weeks ago. After net result has been negative for several quarters, earnings after tax took a positive turn in the first three months. Net profit amounted to plus 1 million euro, coming from minus 1.4 million euro in previous year. The positive net result is an important start in the right direction. We are convinced. Thus, from today's perspective, the management of Polytech Holding AG keeps the outlook unchanged. We expect planned consolidated sales revenues in the range of €650 to €700 million for the 2025 financial year and targeting an EBIT margin of around 2% to 3%. The measures introduced in previous periods to increase operational efficiency are showing improvements and are expected to take full effect in the year. Polytech increased its consolidated sales revenue by 5.3% to €181 million. EBITDA amounted to €10.8 million. This equals to a 6% EBITDA margin. EBIT totaled €3.2 million, coming from €1.4 million in previous quarter, Q1 2024. EBIT margin rose by one percentage point from 0.8% to 1.8%. The financial result amounted to minus 2.1 million, coming from minus 2.6 million euro year on year. The reduction was a consequent of lower interest rate level and reduced financial liabilities. Equity ratio was 41.8%, similar to the high level of the last balance sheet date in December with 41.7%. Now let's have a look on Polytech Group's sales split. In total, Polytech Gro...