on Viscom AG (ETR:V6C)
Viscom SE's Growth Despite Market Challenges in 2025
In the first half of 2025, Viscom SE reported a 15.9% increase in incoming orders, totaling €42,776 thousand, despite challenging market conditions. However, revenue slightly declined by 4.9% to €39,290 thousand. The company's EBIT improved significantly from a loss of €4,844 thousand to a modest profit of €52 thousand, resulting in an EBIT margin of 0.1%.
The European automotive sector showed investment reluctance, but Viscom found opportunities in service optimization and the Aerospace & Defence sectors. While the Americas region exhibited subdued order growth, ongoing projects are expected to boost the second half. Asia, led by China, showed strong investment interest, although competitive pressures persist.
Viscom's management remains cautiously optimistic for the year's remainder, anticipating growth resurgence in 2026, and maintains its annual forecast with expected revenues of €80-€90 million and an EBIT margin of 2%-5%.
R. H.
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