POLYTEC HOLDING AG: Positive net result confirmed in first half-year 2025, despite challenging environment

Hörsching (pta013/14.08.2025/07:55 UTC+2)

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The POLYTEC GROUP's consolidated sales revenue in the first half of 2025 amounted to EUR 357.6 million, up 2.3% on the same period of the previous year (H1 2024: EUR 349.6 million). The increase is mainly due to higher tooling and other engineering sales revenues.

Earnings before interest and taxes (EBIT) rose from EUR 3.5 million in the first half of 2024 to EUR 5.6 million in the first half of 2025. The EBIT margin increased by 0.6 percentage points from 1.0% to 1.6% compared to the same period of the previous year.

Consolidated earnings after tax for the first half of 2025 amounted to EUR 1.4 million (H1 2024: minus EUR 2.7 million). This corresponds to earnings per share of EUR 0.06 (H1 2024: minus EUR 0.11).

From today's perspective, the management of POLYTEC Holding AG expects planned consolidated sales revenues in the range of EUR 650 million to EUR 700 million for the 2025 financial year and is targeting an EBIT margin of around 2% to 3%.

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Key figures H1 2025

* Group sales revenues amounted to EUR 357.6 million (H1 2024: EUR 349.6 million)

* EBITDA amounted to EUR 21.1 million (H1 2024: EUR 19.1 million)

* EBITDA margin 5.9% (H1 2024: 5.5%)

* EBIT totalled EUR 5.6 million (H1 2024: EUR 3.5 million)

* EBIT margin 1.6% (H1 2024: 1.0%)

* Earnings after tax EUR 1.4 million (H1 2024: minus EUR 2.7 million)

* Earnings per share EUR 0.06 (H1 2024: minus EUR 0.11)

* Equity ratio at 41.9% (30.06.2024: 41.0%)

* Net debt amounted to EUR 52.1 million (30.06.2024: EUR 71.1 million)

* Employees (incl. leasing personnel, FTE) as at 30.06.2025: 3,606 (30.06.2024: 3,906)

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In the Passenger Cars & Light Commercial Vehicles market area, the POLYTEC GROUP's strongest revenue area with 75.6% (H1 2024: 73.2%), sales revenues of EUR 270.3 million were generated in the months from January to June 2025, up 5.7% or EUR 14.5 million on the previous year's figure (H1 2024: EUR 255.8 million).

Sales revenue in the Commercial Vehicles market area (share 14.1%; H1 2024: 14.4%) was at the previous year's level of EUR 50.4 million, EUR 50.5 million.

Sales revenues in the Smart Plastics & Industrial Applications market area declined by 14.8% or EUR 6.4 million to EUR 36.9 million in the first half of 2025 compared to the high level of the previous year (H1 2024: EUR 43.3 million). The share of this market area in the POLYTEC GROUP's consolidated sales decreased by 2.1 percentage points to 10.3% compared to the first half of 2024.

In the first six months of 2025, the POLYTEC GROUP's material expenses increased by 5.8% or EUR 10.3 million to EUR 189.4 million compared to the same period of the previous year. The increase is mainly due to the higher tooling and other engineering business.

In contrast, the Group's personnel expenses in the first half of 2025 decreased by 2.5% or EUR 3.0 million to EUR 118.7 million compared to the same period of the previous year. In connection with the planned closure of the Weierbach plant in Germany and further staff reductions, negative one-off effects of EUR 3.0 million are included in the first half of 2025. As at 30 June 2025, the POLYTEC GROUP had a total of 3,606 employees (including leasing personnel, full-time equivalents). Compared with the previous year's reporting date (3,906 FTE), the number of employees was reduced by a total of 300 FTE, or 7.7%.

The EBITDA of the POLYTEC GROUP increased by 10.3% in the first six months of 2025 compared to the same period of the previous year, from EUR 19.1 million to EUR 21.1 million. The EBITDA margin increased by 0.4 percentage points year-on-year to 5.9%.

The financial result in the first half of 2025 amounted to minus EUR 4.1 million (H1 2024: minus EUR 5.8 million).

As at 30 June 2025, the Group's balance sheet total decreased by EUR 6.4 million to EUR 501.0 million compared to 31 December 2024. The equity ratio was 41.9% and was thus 0.2 percentage points higher than on the last annual balance sheet date and has been at a solid level for years.

Net debt amounted to EUR 52.1 million as at 30 June 2025, an increase of EUR 9.8 million compared to the balance sheet date of 31 December 2024 (EUR 42.4 million), mainly due to increased working capital. The gearing ratio was 0.25.

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Material events after the 30 June 2025

At the Supervisory Board meeting of POLYTEC Holding AG held on 7 July 2025, the Supervisory Board was also informed that the Weierbach plant in Idar-Oberstein, Germany, is to be closed at the end of April 2026. Significant declines in call-offs, the discontinuation of key customer projects and an increasingly difficult to calculate market development in the "Painted Exterior" product area have prompted the management to find an economically responsible solution. For the approximately 250 affected employees, a corresponding social plan with a reconciliation of interests was negotiated in close coordination with the employee representatives. The Supervisory Board has approved the closure of the plant.

On 7 July 2025 at 2:25 p.m., POLYTEC Holding AG disclosed inside information according to Article 17 MAR that the member of the Board of Directors Peter Bernscher is leaving the POLYTEC GROUP due to an external attractive offer.

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Outlook 2025 financial year (unchanged)

From today's perspective, the management of POLYTEC Holding AG expects planned consolidated sales revenues in the range of EUR 650 million to EUR 700 million for the 2025 financial year and is 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 course of the year.

In order to optimise the strategic orientation and future economic performance of the POLYTEC GROUP, work is being done to adapt the current production and service portfolio. As a result, the earnings situation is expected to improve further in the medium term.

Due to the significant reduction in net debt and improvement in the financial result in conjunction with an assumed further decline in interest rates, a positive result after tax is targeted for the 2025 financial year.

However, achieving this outlook is subject to uncertainty. The automotive industry continues to be characterised by a volatile market environment, uncertain development of demand and the faltering transformation towards e-mobility.

The POLYTEC GROUP has a strong market position within and outside the automotive sector and is confident for the future.

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The half-year financial report of POLYTEC Holding AG as at 30 June 2025 closing date is available for downloading on the investor relations, publications section of the group's website.

https://www.polytec-group.com/en/investor-relations/publications

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Emitter:	POLYTEC HOLDING AG Polytec-Straße 1 4063 Hörsching Austria
Contact Person:	Paul Rettenbacher
Phone:	+43 7221 701 292
E-Mail:	paul.rettenbacher@polytec-group.com
Website:	www.polytec-group.com
ISIN(s):	AT0000A00XX9 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)