The company expects that some of the revenue planned for fiscal year 2025 will likely be postponed to fiscal year 2026. This would result in a corresponding underfulfillment of the revenue and earnings targets for fiscal year 2025 compared to the previous forecast. In view of the current considerable trade policy uncertainties, the Management Board is therefore forecasting revenue between EUR 235-255 million and EBITDA of EUR 25-30 million for fiscal year 2025.
The delays in the third quarter of 2025 have resulted in preliminary third-quarter revenue of EUR 55.8 million (Q3/2024: EUR 63.0 million) and preliminary EBITDA of EUR 3.8 million (Q3/2024: EUR 10.5 million), corresponding to a preliminary EBITDA margin of around 6.7% (Q3/2024: 16.6%). Preliminary order intake amounted to EUR 72.8 million in the third quarter of 2025 (Q3/2024: EUR 34.7 million).
In the first nine months of 2025, preliminary revenue amounted to EUR 175.4 million (Q3/2024: EUR 198.3 million) and preliminary EBITDA to EUR 18.7 million (Q3/2024: EUR 32.4 million). This corresponds to a preliminary EBITDA margin of 10.7% (Q3/2024: 16.3%). Preliminary order intake for the first nine months 2025 amounted to EUR 176.5 million (Q3/2024: 107.2 million).
The medium-term market outlook and the strategic positioning of the company remain unchanged.
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Explanatory note:
The current project delays are primarily related to the ongoing uncertain geopolitical environment, which is affecting delivery times and customer acceptance. This affects several ongoing projects. These are temporary delays in project implementation and currently have no significant impact on PVA TePla's order intake.
“We continue to see high demand, but it cannot currently be realized at the anticipated pace. The delays do not change our customers’ needs, but merely affect the timing of project realization,” says Jalin Ketter, CEO of PVA TePla AG.
The medium-term growth drivers remain intact, supported by continuing strong trends in the semiconductor, energy, and aerospace industries. The project postponements therefore have no impact on the company's strategic positioning or long-term growth potential. This is underpinned by the continued positive momentum in order intake, which already stands at EUR 176.5 million in the first nine months of 2025 (9M 2024: EUR 107.2 million). At the same time, PVA TePla is working closely with customers, suppliers, and authorities to shorten lead times in the affected markets and bring projects to fruition quickly.
The full interim report as of September 30, 2025, will be published on November 12, 2025.