Austria's Polytec H1 profit surges on UK divestment, German plant closure

Polytec Holding AG

13/08/2026 07:05

Overview
Austria automotive and plastics supplier's H1 sales fell 20% yr/yr after UK divestment, German plant closure
EBIT for H1 rose 47% yr/yr, net income more than tripled despite lower sales
Company confirmed 2026 outlook, expects stable to slightly improved earnings despite lower sales

Outlook
Polytec confirms 2026 revenue guidance of EUR 560 mln to EUR 590 mln
Company targets 2026 EBIT margin of around 3%
Polytec expects 2026 earnings to be stable to slightly improved despite lower sales

Result Drivers
PORTFOLIO OPTIMISATION - Co said improved profitability was driven by targeted optimisation of product and production portfolio, including UK divestment and German plant closure
EARNINGS QUALITY - Co said earnings quality improved significantly, with higher EBIT and net income despite lower sales
NON-AUTOMOTIVE EXPANSION - Co said expansion of non-automotive business is progressing, with new projects in logistics and construction

Company press release: ID:nPexpNLywa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Sales
 
EUR 287.40 mln
 
H1 Net Income
 
EUR 4.70 mln
 
H1 EBIT
 
EUR 8.30 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"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Polytec Holding AG is €5.30, about 11.1% above its August 12 closing price of €4.77
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Aug 13 - Austria's Semperit posts H1 profit as revenue rises; lifts 2026 EBITDA outlook
Aug 11 - Germany's STS Group H1 revenue rises 9.3%, EBITDA up 35%
Aug 11 - EU packaging rules take effect with limits on 'forever chemicals', plastics curbs

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)