$PFSE (-10,01%) 2026 Half-Year Report:
Compared to the first half of 2025, the first half of 2026 showed the following results:
Revenue: €340.3 million (+8.9%)
New orders: €263 million (-9.4%)
EBITDA: €51.5 million (+40.1%)
Operating profit: €43.8 million (+43.2%)
Earnings per share: €2.09 (€1.38)
The decline in order intake is attributed to fewer contracts in the Near and Middle East region. Additionally, the Overhead Line Technology and Insulators segment performed exceptionally well in 2025. The order backlog of €370 million extends into 2027 and continues to support solid growth. Based on the current figures, the 2026 forecast—including the medium-term plan through 2030—is considered achievable.
With earnings of €2.09 per share and a current share price of €68.75, the P/E ratio comes to just under 33, compared to the current P/E ratio of 23.
In my opinion (this is not investment advice!), there is still potential here following the recent pullback.