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Stratec Maintains 2026 Guidance Despite First-Half Revenue Decline
Stratec SE maintained its 2026 guidance for medium- to high-single-digit constant-currency revenue growth and an adjusted EBIT margin around 10%, even as first-half revenue fell 5.1% to EUR 112.5 million. Systems revenue rose 15.4% at constant currency, but service parts and consumables declined 11.9% as customers optimized inventories following merger activity, pressuring profitability. Second-quarter adjusted EBIT rose more than 125% to EUR 7 million, and first-half free cash flow reached EUR 23.5 million versus negative EUR 14.7 million a year earlier, while net debt fell to EUR 96.7 million. Management expects 2026 results to be heavily weighted toward the fourth quarter, which is forecast to contribute roughly 34% to 35% of annual sales.