Gross profit (sales revenue less cost of materials plus inventory changes and other capitalized own work) for Q1 2026 was EUR 117.8 million and thus 2.1% lower than the previous year’s figure (Q1 2025: EUR 120.3 million). The decline is mainly due to the lower sales revenue in the first three months of 2026. In addition, the buildup of inventories of finished goods and work in progress of EUR 0.4 million (Q1 2025: EUR 3.8 million) had a negative impact on gross profit. The gross margin was 56.5% and therefore higher than the previous year’s figure (Q1 2025: 54.4%), in particular due to the improved material cost ratio.
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These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.