Want to see DE:VH2 full AI Analyst Report?
EarningsQ2 2026 Earnings Report
DE:VH2 Q2 2026 EPS Results
Actual EPS€2.50
Consensus EPS€2.50
Beat/MissMet expectations
One Year Ago EPS€0.98
DE:VH2 Q2 2026 Revenue Results
Actual Revenue€198.14M
Expected Revenue€198.10M
Beat/MissBeat by +€44.00K
YoY Revenue Growth+16.52%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeTBA
Conference CallThursday, August 13, 2026
DE:VH2 Upcoming Earnings
Friedrich Vorwerk Group SE's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:VH2 Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial strengths: strong Q2 revenue growth, record quarterly profitability, a large improvement in production output, enhanced cost efficiency, a materially stronger net cash position, upgraded full-year EBITDA guidance, strategic acquisitions (meterQ) and scalable growth initiatives (5C-Tech). Challenges were acknowledged but appear manageable: total project volume acquired declined year-on-year due to timing effects of large JV awards in the prior period, clean hydrogen revenue was weak in H1 but expected to ramp later, an A-Nord contractual adjustment is pending (to be reflected by Q4), and there is medium-term regulatory uncertainty around underground vs overhead lines. On balance, the positive operational momentum, cash strength, and margin improvements outweigh the transitory and structural headwinds.Company Guidance
Strong Q2 Revenue and Monthly Record
Q2 revenue of EUR 198 million, up 17% year-on-year; June achieved a record monthly revenue of EUR 73 million.
Large Increase in Production Output
Production output (including JV share) rose 35% to EUR 448 million in H1, reflecting higher activity and increased use of joint ventures.
Record Profitability in Q2
Q2 EBITDA increased 68% to EUR 60.8 million with an EBITDA margin of 30.7% (quarterly record); Q2 EBIT margin reached a record 26.7% (EUR 52.8 million). H1 EBITDA was EUR 92.6 million (27.4% margin) and H1 EBIT EUR 67.9 million.
Improved Cost Efficiency
Cost of materials reduced by EUR 10.7 million versus prior year; cost of materials ratio improved from 46.4% to 38.6% (improvement of 7.8 percentage points), driven by vertical integration and lower subcontractor/material use.
Order Intake and Healthy Book-to-Bill
Conventional order intake increased nearly 50% year-on-year to EUR 321 million. Book-to-bill remains above 1 and the order book is high and slightly increased versus the balance sheet date.
Strong Cash Position and Balance Sheet
Net cash position improved by EUR 128 million compared with Q2 2025, reaching EUR 212 million as of June 2026; working capital rose seasonally but balance sheet remains healthy.
Upgraded 2026 Guidance
EBITDA guidance raised to EUR 180–200 million (previously EUR 160–180m); revenue guidance maintained at EUR 730–780 million. Management notes guidance is based on organic growth only.
Strategic Acquisitions and Growth Initiatives
Acquisition of meterQ integrated into VORWERK Gas Technology (adds gas quality/H2-certified analyzers and 15 employees); 5C-Tech welding subsidiary scaling quickly with expected revenue >EUR 20 million in 2026 and midterm target ~EUR 50 million, plus a large 28,000-weld contract deployment to Kazakhstan.
Workforce Expansion Supporting Growth
Net hiring of more than 160 employees in H1 (≈15% increase in average headcount vs H1 2025); total headcount >2,400 as of June 30, 2026 (≈7% growth since start of year) with expectation to reach ~10% annual growth.
DE:VH2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed