Softing AG Q1 2026 Interim Report: Mixed Results Amid Challenging Environment

Softing AG's first quarter of 2026 showed a mix of encouraging trends and challenges. The Automotive segment outperformed expectations, achieving EUR 8.3 million in revenue despite a major order skewing figures previously. However, the IT Networks segment faced setbacks due to adverse weather conditions and industry-wide slowdowns.

Consolidated revenue slightly decreased to EUR 21.5 million compared to the previous year's EUR 22.3 million, with EBITDA rising to EUR 1.32 million. The Industrial segment maintained stable revenue, while investments in new products could boost future U.S. revenues by over 20%. Meanwhile, Softing continues to focus on sales strategies and product enhancements in IT Networks to prop up performance.

Acquisitively, Softing secured growth by acquiring WEIDITEC's engineering and testing business, projecting additional revenues of EUR 1.5 to 2 million annually. Despite economic pressures, the group remains optimistic about achieving annual revenue targets between EUR 80 and EUR 85 million.