Pva Tepla’s shares plummeted over 14% in pre-market trading to €18, their lowest level since mid-June, following dismal first-half results. Revenue dropped nearly 12% to €119.6 million, while operating profit collapsed by almost a third to €14.9 million, pushing the operating margin down to 12.5%. Analysts expressed shock as the figures missed consensus estimates by 10% for revenue and a staggering 40% for operating profit. Management attributed the weak performance to strategic investments in personnel, infrastructure, and R&D, but markets remained unconvinced, with the sharp sell-off reflecting investor skepticism.
Glimmer of Hope Amid Downgrade
The company revised its full-year outlook to the lower end of its forecast range, projecting revenue of €260–280 million and EBITDA of €34–39 million. However, a 43% surge in new orders to €103.6 million offered a silver lining. Executives noted three consecutive quarters of demand growth since late 2024, with delayed projects expected to materialize this year. Whether this rebound can restore shaken investor confidence remains uncertain, as the market awaits tangible recovery signs.
