SCHMID Group NV posted a 268% year-over-year increase in equipment revenue to EUR 39.4 million in the first half of 2026, driving total revenue to EUR 46.0 million. Quarterly performance showed Q2 revenue at EUR 27.8 million, up 53% from EUR 18.2 million in Q1, which was described as seasonally weak.
The German equipment manufacturer’s shares fell 7.11% to $4.51 on August 25, 2026, despite the strong operational growth. The decline came after management lowered its full-year adjusted EBITDA margin guidance to 6%–9%, down from the prior target of above 12%. Analysts had projected revenue growth of 50% for 2026, with the company maintaining its full-year revenue target of at least EUR 100 million.
Order intake reached EUR 96.6 million year-to-date through mid-August, including EUR 52.3 million in the last eight weeks, supporting management’s raised guidance of EUR 125 million to EUR 150 million for the year. The order backlog stood at EUR 89 million. Gross profit margin improved to 21.2% in H1, while operating cash outflow totaled EUR 29.3 million, driven by EUR 26 million invested in working capital.
SCHMID reduced total debt by EUR 30.75 million to EUR 23 million through a debt-to-equity swap in May, and raised EUR 33 million in new net capital via convertible instruments. The company’s market capitalization was approximately $280 million, with shares still down 57% from the 52-week high of $10.65 but up 78% over the past year.
Management highlighted progress on its Sprint cost-reduction program, which achieved EUR 4 million in annualized savings and reduced overhead headcount by over 40 full-time equivalents. A second phase targets at least 5% savings on purchasing expenses by year-end. Additionally, SCHMID plans to consolidate its China operations into a single owned manufacturing campus in Zhongshan, Guangdong Province, with a EUR 11 million investment and expected operational capacity of EUR 100 million in revenue by Q4 2027.
CFO Arthur Schütz noted the balance sheet repair and strong order momentum but acknowledged 2026 as a transition year. The company faces foreign exchange losses of EUR 1.7 million in H1, compared with EUR 6.3 million in gains a year earlier, and interest expenses of approximately EUR 875,000 on debt.
