Switzerland's Tecan posts higher H1 sales, backs outlook

Tecan AG

11/08/2026 06:10

Overview
Switzerland lab automation firm's H1 sales grew 3.4% in local currencies
Adjusted EBITDA margin for H1 was 15.1%, slightly above prior year despite FX and tariff headwinds
Adjusted EPS for H1 fell 1.5% yr/yr; outlook for 2026 confirmed

Outlook
Tecan confirms 2026 sales outlook for low single-digit growth in local currencies
Company sees 2026 adjusted EBITDA margin at 15.5% to 16.5% of sales
Tecan expects around CHF 6 mln in tariff refunds in H2 2026, impacting reported earnings only

Result Drivers
VOLUME AND PRODUCT MIX - Co said underlying profitability improved due to increased sales volumes and a favorable product mix, with both segments contributing to growth
TRANSFORMATION PROGRAM - Initial benefits from the Rewired program contributed to operational improvements and profitability
FX AND TARIFF HEADWINDS - Profitability was negatively affected by foreign exchange rates (120 bps) and tariffs (50 bps); higher costs due to non-recurring investments also impacted net profit

Company press release: ID:nGNE8h3CZs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Sales
 
CHF 427.50 mln
 
H1 Adjusted EPS
 
CHF 2.62
 
H1 Adjusted EBITDA Margin
 
15.10%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the office equipment peer group is "buy"
Wall Street's median 12-month price target for Tecan Group AG is CHF178.00, about 11.9% below its August 10 closing price of CHF202.00
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 10 - Alcon lifts 2026 outlook after Q2 adjusted EPS beat estimates
Aug 10 - Germany's GEA Group Q2 revenue rises, lifts revenue growth outlook
Aug 10 - Varex Imaging Q3 revenue rises; Teledyne to acquire co for $1.1 billion 

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.)