Denmark's FOM Technologies H1 revenue rises, EBITDA loss narrows on cost management
Denmark's FOM Technologies H1 revenue rises, EBITDA loss narrows on cost management
Overview
Denmark-based coating equipment maker's H1 revenue rose 14% yr/yr
EBITDA loss for H1 narrowed compared to last year
Company to relocate assembly plant to Malmö to cut costs and boost efficiency
Outlook
FOM Technologies maintains full-year revenue guidance of DKK 40-50 mln
Company maintains full-year EBITDA guidance of DKK -10 to -20 mln
FOM Technologies expects gradually increasing activity in the US and other markets
Result Drivers
COST MANAGEMENT - Co said disciplined cost management and adapting its cost structure helped lower break-even level
US MARKET STABILIZATION - Management said market conditions in the US showed signs of stabilization in H1 2026, leading to gradually increasing activity
PRODUCT PORTFOLIO EXPANSION - Co said it had its largest and most complete product portfolio to date at end of H1
Company press release: ID:nMFN77Skmg
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| DKK 18.70 mln |
|
H1 EBITDA |
| DKK -10.50 mln |
|
Reuters Recommended Reads
Aug 12 - CVD Equipment Q2 revenue falls 43% on lower system bookings
Aug 12 - Germany's Singulus Technologies H1 revenue rises 45%, returns to profit
Aug 12 - Sweden's JLT Mobile Computers H1 sales fall 25% on weak US market
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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