Transformer manufacturer R&S posted a sharply lower net profit in the first half of 2026, as revenue and order intake both fell double digits. The company confirmed its full-year outlook on Wednesday.
Net profit dropped 25.4% to CHF 22.4 million, compared with a figure that had more than doubled in the year-ago period, according to the company's announcement.
Revenue declined 13% to CHF 179.2 million, while order intake fell 11% to CHF 216.8 million. EBITDA contracted 23% to CHF 34.0 million, with the EBITDA margin narrowing to 19.0% from 21.3% in the prior-year period. These figures were initially communicated in early August.
No further details emerged regarding the abrupt CEO departure announced roughly a week earlier. CFO Matthias Weibel is continuing to lead the company on an interim basis.
For the full year, R&S reaffirmed its guidance of revenue around CHF 410 million to CHF 420 million and an EBITDA margin within the previously stated range of 19% to 21%. The company expects a stronger second half of the year.
Although full-year 2026 revenue is likely to fall below the span of its medium-term targets, R&S said the order backlog and solid business outlook continue to underpin the longer-term guidance.
