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SCHMID Group lowers EBITDA margin outlook despite order acceleration
SCHMID Group N.V. reduced its full-year adjusted EBITDA margin guidance to 6% to 9% from above 12% while maintaining revenue guidance of at least EUR 100 million. The company raised EUR 33 million through convertible and standby equity facilities and cut debt by EUR 31 million via a debt-to-equity swap, bringing total debt to about EUR 23 million. Year-to-date order intake reached EUR 96.6 million, with management expecting the upper half of its EUR 125 million to EUR 150 million target. SCHMID also expects roughly EUR 4 million in annual labor savings from its Sprint restructuring program and plans an EUR 11 million China campus investment that could double local production capacity by late 2027.