Wolftank Group AG (ISIN:AT0000A25NJ6), a leading provider of environmental and energy solutions, published its preliminary results for the first half of 2025 on September 16, 2025, revealing consolidated sales of EUR 60.8 million, nearly unchanged from EUR 62 million in the same period last year. However, adjusted EBITDA fell sharply to EUR -0.1 million from EUR 4.8 million in H1 2024, primarily due to a EUR 2.5 million provision for a first-instance ruling on a damage payment to an Italian customer and a prolonged maintenance shutdown of a recycling plant in Italy.
The Environmental Services segment saw sales decline 11.9% to EUR 45.1 million, representing 74.2% of group sales, down from 82.6% a year earlier. This decline was driven by lower-than-planned orders from framework agreements, customer project postponements, and the maintenance shutdown, which alone caused a revenue loss of approximately EUR 5 million. In contrast, the Hydrogen & Renewable Energies segment continued its growth trajectory, with sales rising 45.4% to EUR 15.7 million, increasing its share to 25.8% of consolidated sales.
Despite the revenue drop, strict cash management kept liquidity stable at EUR 11.7 million compared to year-end 2024, and net debt remained unchanged at EUR 24.1 million. The company's order backlog as of June 30, 2025, stood at EUR 146.3 million, providing a buffer for future operations.
Looking ahead, Wolftank Group expects no substantial improvement in economic conditions in the second half of 2025. However, the resumed operation of the recycling plant after maintenance is anticipated to positively impact sales and earnings. The company forecasts a slightly positive EBITDA in the range of EUR 1.6 million to EUR 3.1 million for H2 2025. For the full year 2025, consolidated sales are expected to be between EUR 121 million and EUR 123 million, in line with the EUR 121.5 million achieved in 2024. Reported EBITDA is forecasted at EUR -1.0 million to EUR 0.5 million, but adjusted for the one-time provision, adjusted EBITDA is expected to range from EUR 1.5 million to EUR 3.0 million.
Management has initiated strict cost reduction measures and is pursuing consolidation and efficiency improvements at the group level to enhance operating performance in the second half of 2025 and sustainably improve profit margins in 2026. The company will publish its full H1 2025 report on September 18, 2025.
More information is available on the company's website at www.wolftankgroup.com.
