Assets

The company's long-term assets, comprising of property, plant and equipment, intangible assets, and right-of-use assets, demonstrate a stable and consistent growth trend, indicating a well-planned and executed capital expenditure strategy. Conversely, the short-term assets, including cash and cash equivalents, trade and other receivables, and inventories, exhibit a more volatile pattern, suggesting a need for improved working capital management to optimize liquidity and minimize the risk of cash flow disruptions. Overall, the company's total assets and investments appear to be well-balanced, with a suitable mix of long-term and short-term assets, but closer scrutiny is required to assess the underlying drivers of these trends and identify areas for potential improvement.

Shareholders Equity

The Shareholders' Equity section of the financial statements suggests a stable trend in retained earnings, with a notable increase in the current period, indicating a strong ability to generate profits. However, the decrease in invested unrestricted equity fund may be a concern, potentially indicating a reduction in the company's ability to absorb losses or fund future growth initiatives. Furthermore, the relatively stable total equity position suggests a well-managed capital structure, but closer examination of the underlying components is necessary to fully understand the implications for shareholders.

The equity value for Q2 2026 is 99.3 million Euros, and the predicted equity value for Q2 2027 (e) is 126.0 million Euros. The expected change in equity from Q2 2026 to Q2 2027 (e) is 26.7 million Euros, which represents a 26.9% increase. The equity is expected to increase by 13.1 million Euros from 2025 to 2026, which is a 12.9% change. From 2026 to 2027, the equity is predicted to increase by 28.3 million Euros, representing a 24.8% change. The year-end values for Equity are 101.7 million Euros in 2025, 114.8 million Euros in 2026, and 142.1 million Euros in 2027.

*Future dividents are not included in prediction

Debt

The company's reliance on long-term debt is a concern, as it may limit its flexibility to adapt to changing market conditions and increase its vulnerability to interest rate fluctuations. Conversely, the relatively low level of short-term debt suggests that the company has managed to maintain a stable liquidity position, which is a positive sign. However, the gearing ratio appears to be elevated, indicating that the company's debt levels are substantial relative to its equity, which may compromise its creditworthiness and ability to absorb future shocks.

The Net Debt in Q2 2026 is 117.4 million Euros. The predicted Net Debt in Q2 2027 (e) is 60.4 million Euros, indicating a decrease of 57 million Euros, or a 48.7% reduction from the previous quarter's value. The Net Debt is expected to decrease by 35.8 million Euros from 2025 to 2026, representing a 30.3% decrease. From 2026 to 2027, the Net Debt is expected to decrease by 58.2 million Euros, representing a 70.7% decrease. The year-end Net Debt values are 118.0 million Euros in 2025, 82.0 million Euros in 2026, and 23.8 million Euros in 2027.