Hoenle AG: Sales stabilised, earnings improved after nine months
Gilching (pta008/18.08.2026/08:30 UTC+2)
- Hoenle Group realises sales of € 69.0 million (-1.1%) after nine months
- Reluctance to invest in mechanical and plant engineering weighs on Curing Business Unit
- Efficiency measures and focus on profitable business areas are having an effect
- Sales and earnings increase in the Adhesive Systems and Disinfection Business Units
- Group EBITDA climbs from € 3.6 million in the previous year to € 4.5 million in FY 2025/26
In the first nine months of the 2025/26 financial year, the picture for the Hoenle Group was divided. On the one hand, the economic weakness in mechanical and plant engineering and especially in the printing industry weighed on business development. In addition, structural changes and consolidations within the industry had an impact on the development of the Curing Business Unit. On the other hand, sales and earnings in both the Adhesive Systems Business Unit and the Disinfection Business Unit were significantly higher than in the previous year and in line with expectations. In the current financial year, the Hoenle Group generated consolidated sales of T€ 69,026, which was slightly below the previous year's level of T€ 69,809.
The restructuring measures initiated and the consistent focus on profitable business areas had a positive effect. This led to an improved product mix, but also to an improvement in the cost of materials ratios in all Business Units.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) improved from T€ 3,554 to T€ 4,471, while EBIT was positive again at T€ 432 (previous year: T€ -554). Net income improved to T€ -1,070 from T€ -1,320 in the previous year, corresponding to earnings per share of € -0.17 (previous year: € -0.22).
Outlook
Adhesive Systems Business Unit
The Adhesive Systems Business Unit has a comprehensive portfolio of UV-curable adhesives and matching curing systems for the implementation of demanding industrial joining processes. By combining material and process expertise, the Hoenle Group develops customer-specific solutions that, in addition to connecting components, fulfil additional functions such as electrical contacting, thermal management, structural stabilisation and the protection of sensitive components.
The focus of further business development is on the strategic markets of Electronics, Medical and Optics. In these areas, the demand for high-performance adhesive solutions and energy-efficient UV curing processes that enable shorter process times and reduced heat input is increasing. The current high number of development and qualification projects with international customers forms a solid basis for future series applications.
Against the backdrop of ongoing innovation projects, the continuous expansion of the product portfolio and increasing internationalization, the Management Board expects above-average sales growth in the coming years. In addition, efficiency increases in operating processes and the consistent focus of the product portfolio on high-margin applications are expected to contribute to a sustainable improvement in profitability.
Business Unit Curing
The Curing Business Unit bundles solutions for UV, UV LED and IR curing for the printing and coating industry. The main fields of application are packaging printing, the coating of two- and three-dimensional surfaces and the processing of technical films and labels. Due to increasing demands on product quality, productivity and process reliability, the Hoenle Group sees attractive growth prospects in these markets in the long term.
The continued subdued investment activity in mechanical and plant engineering in the year under review had a notable negative impact on the Business Unit's business development. However, with a gradual economic recovery and an increasing willingness of customers to invest, the Management Board expects a slight improvement in specific market segment conditions. At the same time, measures to expand the service, spare parts and modernization business are being systematically pursued in order to further stabilize business development and strengthen recurring revenues.
After stabilization in the second half of the calendar year, the Management Board expects a positive sales and earnings development in the Curing Business Unit in the coming years due to the further development of innovative product and process solutions, the expansion of the after-sales business and consistent cost and product management.
Business Unit Disinfection
The Disinfection Business Unit comprises solutions for UV-based disinfection of water, air and surfaces. The most important fields of application include ballast water treatment, the treatment of process, drinking and wastewater as well as disinfection solutions in the food industry. In addition, the Hoenle Group is continuously opening up new areas of application for its technologies.
With the expansion of its range of services into an integrated portfolio of systems and components that includes UV lamps, LED technologies, pulsed UV systems and microbiological services, the Business Unit has a strong basis for further growth. Additional market potential arises from ongoing customer projects, qualifications such as those in the semiconductor industry for ultrapure water treatment, as well as increasing demand for disinfection and quality assurance solutions in the food industry.
The Management Board sees UV-based disinfection as a sustainable and resource-saving key technology with good long-term growth prospects. In addition to a positive development in the existing fields of application, additional impetus is expected from new areas of application as well as from further international market penetration, especially in Asia and North America. Therefore, as in recent years, the Disinfection Business Unit will continue to make a growing contribution to the Hoenle Group's sales and earnings in the coming years.
Overall statement on future business development
The Hoenle Group is consistently continuing the measures it has initiated to focus on its core business and improve profitability. These include the further streamlining of the product portfolio, efficiency increases in structures and processes, intensified modularization in development and production, and the expansion of the after-sales business. As communicated in the announcement dated 22.07.2026, the Management Board expects the Hoenle Group to generate revenues of € 92 million to € 95 million (previous year: € 93.7 million) and operating profit before depreciation and amortisation (EBITDA) of € 5 million to € 6 million (previous year: € 5.8 million) in the 2025/26 financial year.
The complete Q3 statement is published on the website of Hoenle AG at https://www.hoenle.com/investors/publications/.
About Hoenle
The Hoenle AG is a listed technology company based in Gilching. The Hoenle Group develops innovative solutions with a focus on UV technology for a wide range of industrial applications with its 600 employees. A business unit includes the development and sale of industrial adhesives and adhesive curing devices. The company also produces drying systems for the printing and coating industry. Another business area deals with the environmentally friendly disinfection of water, air and surfaces. The Hoenle Group supplies technology and global market leaders worldwide and is represented in over 20 countries with its own companies and partner companies.
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| Emitter: |
Hoenle AG Nicolaus-Otto-Str. 2 82205 Gilching Germany |
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|---|---|---|
| Contact Person: | Peter Weinert | |
| Phone: | +49 8105 2083 173 | |
| E-Mail: | peter.weinert@hoenle.com | |
| Website: | www.hoenle.com | |
| ISIN(s): | DE0005157101 (Share) | |
| Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Dusseldorf, Hamburg, Hannover, Munich, Stuttgart, Tradegate BSX |