Wolftank Group Reports Challenging H1 2025 with Negative EBITDA, Maintains Positive Outlook for Second Half
Wolftank Group's preliminary H1 2025 results show stable sales but negative EBITDA due to a €2.5 million provision and plant shutdown, though a strong order backlog and cost measures position the company for recovery in H2 and beyond.
Wolftank Group AG, a provider of environmental and energy solutions, reported preliminary consolidated sales of €60.8 million for the first half of 2025, nearly unchanged from €62 million in the same period last year, despite challenging economic conditions. The Environmental Services segment saw an 11.9% decline in sales to €45.1 million, attributed to lower orders from framework agreements, a prolonged maintenance shutdown at a recycling plant in Italy, and customer project postponements. This segment's share of group sales dropped to 74.2% from 82.6% a year earlier.
Offsetting this decline, the Hydrogen & Renewable Energies segment grew sales by 45.4% to €15.7 million, driven by a strong order situation in hydrogen, increasing its contribution to 25.8% of consolidated sales. However, the maintenance-related shutdown resulted in an estimated €5 million revenue loss, and a changed product mix with lower margins led to a preliminary adjusted EBITDA of -€0.1 million, down from €4.8 million in H1 2024. Including a €2.5 million provision for a first-instance ruling on customer damages in Italy, preliminary EBITDA stood at -€2.6 million.
Strict cash management maintained liquidity at €11.7 million and net debt stable at €24.1 million as of June 30, 2025. The company holds a robust order backlog of €146.3 million, providing stability amid current challenges. For the second half of 2025, Wolftank anticipates a slightly positive EBITDA between €1.6 million and €3.1 million, supported by the recycling plant's resumed operations and cost reduction measures. Full-year 2025 sales are forecast at €121 million to €123 million, with adjusted EBITDA expected in the range of €1.5 million to €3.0 million after excluding one-time effects.
Management has initiated immediate cost-cutting and efficiency measures to improve operating performance in H2 2025 and sustainably enhance profit margins for 2026. The full H1 2025 report will be published on September 18, 2025. Further information is available at https://www.wolftankgroup.com.