Luxembourg's Novem Group Q3 revenue falls on currency impact

Novem SA

05/02/2026 08:08

Overview

Luxembourg auto parts supplier's Q3 2025/26 revenue fell 7.7% year-over-year

Adjusted EBIT for Q3 2025/26 declined 38.7% year-over-year

Company achieved strong free cash flow, more than doubling from last year

Outlook

Novem Group did not provide specific future guidance in the press release

Result Drivers

TOOLING BUSINESS DECLINE - Revenue Tooling declined by 39.2% due to project delays, affecting overall revenue

FX IMPACT - Adverse FX effects reduced revenue by €5.5 million, or 4.7%

COST CONTROL - Implemented cost-control initiatives and restructuring measures supported profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue
EUR 372.40 mln
9M Adjusted EBIT
EUR 22.20 mln
9M Free Cash Flow
EUR 38.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Novem Group SA is €3.20, about 10.3% above its February 4 closing price of €2.90

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nEQ1G2Dsja

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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.)