Aumann AG, Beelen
Aumann in figures
Three months (unaudited) | 2026 €k | 2025 €k | Δ 2026 / 2025 % |
Order backlog | 119,538 | 173,447 | -31.1 |
Order intake | 34,429 | 51,339 | -32.9 |
Earnings figures IFRS | €k | €k | % |
Revenue | 37,273 | 60,511 | -38.4 |
thereof E-mobility | 27,956 | 50,971 | -45.2 |
Operating performance | 37,600 | 60,538 | -37.9 |
Total performance | 39,141 | 61,702 | -36.6 |
Cost of materials | -16,302 | -32,636 | -50.1 |
Personnel costs | -16,517 | -19,472 | -15.2 |
EBITDA | 4,026 | 6,583 | -38.8 |
EBITDA margin | 10.8% | 10.9% | |
EBIT | 2,468 | 5,012 | -50.8 |
EBIT margin | 6.6% | 8.3% | |
EBT | 2,926 | 5,635 | -48.1 |
EBT margin | 7.9% | 9.3% | |
Consolidated net profit | 2,013 | 3,898 | -48.4 |
Earnings figures IFRS (adjusted)* | €k | €k % | |
Adj. EBITDA | 4,026 | 6,748 | -40.3 |
Adj. EBITDA margin | 10.8% | 11.2% | |
Adj. EBIT | 2,483 | 5,198 | -52.2 |
Adj. EBIT margin | 6.7% | 8.6% | |
Adj. EBT | 2,941 | 5,821 | -49.5 |
Adj. EBT margin | 7.9% | 9.6% | |
Figures from the statement | 31 Mar | 31 Dec | |
of financial position IFRS | €k | €k % | |
Non-current assets | 77,142 | 78,468 | -1.7 |
Current assets | 212,025 | 214,513 | -1.2 |
thereof cash and equivalents ** | 148,403 | 152,779 | -2.9 |
Issued capital (share capital) | 12,917 | 12,917 | 0.0 |
Other equity | 184,498 | 182,468 | 1.1 |
Total equity | 197,415 | 195,385 | 1.0 |
Equity ratio | 68.3% | 66.7% | |
Non-current liabilities | 30,605 | 31,346 | -2.4 |
Current liabilities | 61,146 | 66,249 | -7.7 |
Total assets | 289,166 | 292,980 | -1.3 |
Net cash (+) or net debt (-) ** | 144,226 | 148,109 | -2.6 |
Employees | 741 | 773 | -4.1 |
* For details of adjustments please see the information in the results of operations, financial position and net assets.
** This figure includes securities and the interest receivable on them.
Rounding differences can occur in this report with regard to percentages and figures.
Business performance, result of operations, financial position and net assets
Business performance
Aumann AG recorded an expected decrease in business performance in the first quarter of 2026 in a still challenging market environment. Revenue amounted to €37.3 million, below the prior-year figure of
€60.5 million. This was mainly attributable to the subdued investment activity of automotive manufacturers as well as the overall restrained demand for new production capacities in recent quarters.
Despite the significant decrease in revenue, Aumann continued to achieve positive EBITDA of €4.0 million in the first quarter of 2026, compared to €6.6 million in the previous year. At 10.8%, the EBITDA margin once again remained at a robust level and was therefore almost on par with the prior-year level. This underlines the flexibility of the business model as well as the effectiveness of the measures implemented to adjust costs.
Order intake amounted to €34.4 million in the first quarter of 2026, compared to €51.3 million in the prior-year period. Order backlog amounted to €119.5 million at the end of the quarter. Despite the continued subdued market environment, Aumann therefore continues to have a solid basis for the coming quarters.
As at 31 March 2026, liquidity and equity remained at a strong level. Cash and cash equivalents including securities and the interest receivable on them amounted to €148.4 million. Equity totalled €197.4 million, corresponding to an equity ratio of 68.3%. Aumann therefore continues to have high financial stability and strategic flexibility.
Alongside the further optimisation of the cost structure, Aumann continues to drive diversification in the Next Automation segment and is focusing in particular on growth markets such as Clean Tech, Aerospace and Life Sciences. The aim remains to further diversify the business beyond the traditional automotive industry and to strengthen Aumann's market position over the long term.
The Executive Board and the Supervisory Board will propose a dividend to the Annual General Meeting. The dividend is intended to amount to €0.25 per dividend-bearing share.
Results of operations, financial position and net assets
The results of operations, financial position and net assets of the Aumann Group remained solid despite the significantly lower revenue level. Consolidated revenue for the first three months of the 2026 financial year amounted to €37.3 million, compared to €60.5 million in the previous year. Total performance, taking into account capitalised development costs and other operating income, amounted to €39.1 million, below the prior-year figure of €61.7 million.
Cost of materials decreased disproportionately in relation to revenue to €16.3 million, compared to
€32.6 million in the previous year. At the same time, personnel costs decreased to €16.5 million, compared to €19.5 million in the previous year. Other operating expenses amounted to €2.3 million, compared to €3.0 million in the previous year.
EBITDA (earnings before interest, taxes, depreciation and amortisation) amounted to €4.0 million in the first three months of 2026, compared to €6.6 million in the previous year. Despite the dec rease in revenue, the EBITDA margin remained stable at 10.8%, almost on par with the prior-year level of 10.9%. After depreciation and amortisation of €1.6 million (previous year: €1.6 million), EBIT (earnings before interest and taxes) amounted to €2.5 million, compared to €5.0 million in the previous year.
The financial result for the first three months amounted to €0.5 million, compared to €0.6 million in the previous year, resulting in EBT (earnings before taxes) of €2.9 million (previous year: €5.6 million). Consolidated net profit amounted to €2.0 million, compared to €3.9 million in the previous year. Earnings per share amounted to €0.16, compared to €0.27 in the previous year.
In addition, amortisation of assets capitalised in the course of the purchase price allocation of Aumann Limbach-Oberfrohna GmbH and Aumann Lauchheim GmbH in the amount of €15 thousand (previous year: €21 thousand) was adjusted. This adjustment had a positive effect on adjusted EBIT, which therefore amounted to €2.5 million (previous year: €5.2 million).
Order intake in the first three months of 2026 amounted to €34.4 million (previous year: €51.3 million). Order backlog amounted to a total of €119.5 million as at 31 March 2026 (previous year: €173.4 million).
Equity of the Aumann Group amounted to a total of €197.4 million as at 31 March 2026, compared to
€195.4 million as at 31 December 2025. Based on the consolidated balance sheet total of €289.2 million, the equity ratio remained at a very high level of 68.3%. As at 31 March 2026, the Aumann Group held cash and cash equivalents including securities and the interest receivable on them amounting to
€148.4 million, compared to €152.8 million as at 31 December 2025. After deducting financial liabilities, the Group therefore continues to have a very comfortable net liquidity position of €144.2 million (31 December 2025: €148.1 million).
Segments
In the E-mobility segment, revenue amounted to €27.9 million in the first quarter of 2026 (previous year:
€51.0 million). Segment EBITDA totalled €3.7 million after three months (previous year: €6.2 million). EBIT amounted to €2.6 million (previous year: €4.9 million). Order intake in the E-mobility segment reached €15.0 million (previous year: €42.8 million).
In the first three months of the year, revenue in the Next Automation segment amounted to €9.3 million (previous year: €9.5 million). Segment EBITDA totalled €1.0 million after three months (previous year:
€1.4 million). EBIT amounted to €0.6 million (previous year: €1.1 million). Order intake in the Next Automation segment reached €19.4 million (previous year: €8.5 million).
Events after the end of the reporting period
No events occured after the reporting date.
Outlook
For the 2026 financial year, Aumann continues to expect revenue of around €160 million with an EBITDA margin of 6% and 8%.
Beelen, 12 May 2026
The Executive Board of Aumann AG
IFRS interim consolidated financial statements
IFRS consolidated statement of profit or loss | 1 Jan - 31 Mar 2026 | 1 Jan - 31 Mar 2025 |
unaudited | €k | €k |
Revenue | 37,273 | 60,511 |
Increase (+) / decrease (-) in finished goods and work in progress | 326 | 27 |
Operating performance | 37,600 | 60,538 |
Capitalised development costs | 171 | 747 |
Other operating income | 1,370 | 417 |
Total performance | 39,141 | 61,702 |
Cost of raw materials and supplies | -13,982 | -27,972 |
Cost of purchased services | -2,320 | -4,664 |
Cost of materials | -16,302 | -32,636 |
Wages and salaries | -13,675 | -14,825 |
Social security and pension costs | -2,842 | -4,647 |
Personnel costs | -16,517 | -19,472 |
Other operating expenses | -2,297 | -3,010 |
Earnings before interest, taxes, depreciation and amortisation (EBITDA) | 4,026 | 6,583 |
Depreciation and amortisation | -1,557 | -1,571 |
Earnings before interest and taxes (EBIT) | 2,468 | 5,012 |
Other interest and similar income | 506 | 733 |
Interest and similar expenses | -47 | -110 |
Net finance costs | 458 | 623 |
Earnings before taxes (EBT) | 2,926 | 5,635 |
Income tax expense | -882 | -1,708 |
Other taxes | -31 | -29 |
Earnings after taxes | 2,013 | 3,898 |
Earnings per share (in €) - undiluted Earnings per share (in €) - diluted | 0.16 | 0.27 |
0.16 | 0.27 | |
IFRS consolidated statement of comprehensive income | 1 Jan - 31 Mar 2026 | 1 Jan - 31 Mar 2025 |
unaudited | €k | €k |
Earnings after taxes | 2,013 | 3,898 |
Items that may be reclassified subsequently to profit or loss | ||
Currency translation differences | 90 | -94 |
Fair Value Reserve - Debt instruments | -81 | -10 |
Reclassifications to profit or loss (debt instruments) | 8 | -45 |
Other comprehensive income after taxes | 17 | -149 |
Comprehensive income for the reporting period | 2,030 | 3,749 |
Statement of financial position | 31 Mar 2026 | 31 Dec 2025 |
Assets (IFRS) | unaudited | audited |
€k | €k | |
Non-current assets | ||
Internally generated intangible assets | 11,459 | 11,916 |
Concessions, industrial property rights and similar rights | 553 | 750 |
Goodwill | 38,484 | 38,484 |
Intangible assets | 50,496 | 51,151 |
Land and buildings including buildings on third-party land | 19,460 | 19,729 |
Technical equipment and machinery | 2,158 | 2,319 |
Other equipment, operating and office equipment | 3,507 | 3,646 |
Advance payments and assets under development | 1,475 | 1,365 |
Property, plant and equipment | 26,600 | 27,059 |
Deferred tax assets | 46 | 258 |
77,142 | 78,468 | |
Current assets | ||
Raw materials and supplies | 2,395 | 2,302 |
Work in progress | 2,687 | 2,338 |
Advance payments | 2,172 | 3,594 |
Inventories | 7,255 | 8,234 |
Trade receivables | 9,609 | 17,029 |
Contract assets | 41,753 | 31,546 |
Other current assets | 5,080 | 4,981 |
Trade receivables and other current assets | 56,442 | 53,556 |
Securities | 11,138 | 12,181 |
Cash in hand | 3 | 11 |
Bank balances | 137,187 | 140,530 |
Cash in hand, bank balances | 137,190 | 140,541 |
212,025 | 214,513 | |
Total assets 289,166 292,980
Statement of financial position | 31 Mar 2026 | 31 Dec 2025 |
Equity and liabilities (IFRS) | unaudited | audited |
€k | €k | |
Equity | ||
Issued capital | 12,917 | 12,917 |
Capital reserves | 7,926 | 7,926 |
Retained earnings | 176,572 | 174,542 |
197,415 | 195,385 | |
Non-current liabilities | ||
Pension provisions | 12,649 | 12,782 |
Liabilities to banks | 1,347 | 1,556 |
Liabilities from leasing | 998 | 1,019 |
Other provisions | 562 | 590 |
Deferred tax liabilities | 14,363 | 14,286 |
Other liabilities | 685 | 1,113 |
30,605 | 31,346 | |
Current liabilities | ||
Other provisions | 19,645 | 16,853 |
Trade payables | 6,574 | 14,815 |
Contract liabilities | 15,702 | 16,385 |
Provisions with the nature of a liability | 9,725 | 7,616 |
Liabilities to banks | 1,040 | 1,245 |
Liabilities from leasing | 792 | 849 |
Tax provisions | 5,046 | 5,046 |
Other liabilities | 2,622 | 3,439 |
61,146 | 66,249 | |
Total equity and liabilities 289,166 292,980
Page 7 | ||
Consolidated statement of cash flows | 1 Jan - 31 Mar 2026 | 1 Jan - 31 Mar 2025 |
unaudited | €k | €k |
1. Cash flow from operating activities | ||
Earnings before interest and taxes (EBIT) | 2,468 | 5,012 |
Depreciation and amortisation | 1,557 | 1,571 |
Increase (+)/ decrease (-) in provisions | 2,632 | 3,680 |
Gains (-)/ Losses (+) from disposal of PPE | 4 | -5 |
Other non-cash expenses/income | -77 | -56 |
Adjustments for non-cash transactions | 4,116 | 5,190 |
Increase (-)/ decrease (+) in inventories, trade receivables and other assets | -2,236 | -10,768 |
Decrease (-)/ increase (+) in trade payables and other liabilities | -8,061 | -3,692 |
Change in working capital | -10,297 | -14,460 |
Income taxes paid | -244 | -232 |
Other tax payments | -31 | -29 |
Interest received | 532 | 792 |
Cash flow from operating activities | -3,455 | -3,726 |
2. Cash flow from investing activities | ||
Investments (-)/ divestments (+) intangible assets Investments (-)/ divestments (+) property, plant and equipment Proceeds from financial assets and securities | -85 -176 1,002 | -381 -576 2,001 |
Cash flow from investing activities 740 1,044 | ||
3. Cash flow from financing activities | ||
Repayments of financial loans | -414 -262 -47 | -414 |
Repayments of leasing liabilities Interest payments | -265 -110 | |
Cash flow from financing activities -723 -789 | ||
Cash and cash equivalents at end of period | ||
Change in cash and cash equivalents (Subtotal 1.-3.) | -3,438 87 140,541 | -3,471 |
Effects of changes in foreign exchange rates (no cash effect) | -38 | |
Cash and cash equivalents at start of reporting period | 139,246 | |
Cash and cash equivalents at end of period 137,190 135,738 | ||
Page 8
Segment reporting | Next Automation | E-mobility | Reconciliation | Group |
1 Jan - 31 Mar 2026 | €k | €k | €k | €k |
unaudited | ||||
Revenue | 9,317 | 27,956 | 0 | 37,273 |
EBITDA | 971 | 3,708 | -653 | 4,026 |
Depreciation and amortisation | -389 | -1,153 | -16 | -1,557 |
EBIT | 581 | 2,556 | -669 | 2,468 |
Net finance cost | -23 | -24 | 506 | 458 |
EBT | 558 | 2,532 | -163 | 2,926 |
EBITDA margin | 10.4% | 13.3% | 10.8% | |
EBIT margin | 6.2% | 9.1% | 6.6% | |
Trade receivables and Receivables from construction contracts | 24,435 | 26,927 | 0 | 51,362 |
Contract liabilities | 2,609 | 13,093 | 0 | 15,702 |
Segment reporting | Next Automation | E-mobility | Reconciliation | Group |
1 Jan - 31 Mar 2025 | €k | €k | €k | €k |
unaudited | ||||
Revenue EBITDA | 9,540 1,352 | 50,971 6,210 | 0 -978 | 60,511 6,583 |
Depreciation and amortisation | -262 | -1,290 | -19 | -1,571 |
EBIT | 1,089 | 4,920 | -997 | 5,012 |
Net finance cost | -24 | -12 | 658 | 623 |
EBT | 1,065 | 4,908 | -339 | 5,635 |
EBITDA margin | 14.2% | 12.2% | 10.9% | |
EBIT margin | 11.4% | 9.7% | 8.3% | |
Trade receivables and Receivables | 16,159 | 70,377 | 0 | 86,536 |
from construction contracts | ||||
Contract liabilities | 4,048 | 18,720 | 0 | 22,767 |