SHMD News & Events

Sees FY26 adjusted EBITDA margin exceeding 12% and order intake of approximately EUR114M

SCHMID Group provided an update on its operational development following the completion of Q1. In Q1, the company recorded order intake of EUR13.6M and generated revenues of EUR18.2M. Q1 reflects generally the softest period in terms of order intake and revenue contribution. The order book stood at EUR49M at the end of the quarter. SCHMID reaffirms its FY26 revenue guidance exceeding EUR100M, an Adjusted EBITDA margin exceeding 12% and order intake of approximately EUR114M. Following the issuance of the second tranche of the $30M convertible notes financing on March 5, the purchasers of the convertible notes have issued six separate conversion notices converting a total of $12M in principal amount for an aggregate of 2,197,898 new ordinary shares of the company. As a result, the outstanding number of shares has increased to 57,800,909. On April 24, SCHMID Group entered into separate subscription agreements and separate set-off agreements with Anette Schmid, Christian Schmid, Christine Schmid and Schmid Grundstucke GmbH to off-set financial liabilities in an aggregate amount of EUR30.75M. In connection with these agreements, the company entered into debt assumption agreements with the its fully-owned subsidiary, Gebr. Schmid GmbH.

SCHMID Group secured a lower two-digit million-USD purchase order from a major Asian high-end PCB manufacturer for a new HDI multilayer production line. The systems will support the manufacturing of next-generation AI server boards and high-performance computing platforms, one of the fastest-growing segments of the electronics industry. The customer is a leading high-technology PCB manufacturer in China with strong exposure to global hyperscale and data center infrastructure markets. The order covers multiple wet process systems designed for high-layer-count HDI multilayer boards, addressing the increasing complexity and reliability requirements of AI and HPC hardware.

Stocks ended the day higher after data showed the U.S. service economy expanded at the fastest pace since mid-2022 while a price index hit an almost one-year low, taking attention off geopolitical headlines for a session. The conflict in the Middle East has entered its fifth day and while there have been reports Iran has made indirect contact about potential talks, feeding some risk appetite, uncertainty around the durability of any de-escalation continues to drive positioning and the energy complex continues to influence the broader market's direction. Crude oil prices wavered near $75 per barrel in a volatile session.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Applecontinued a week of new product launches, with the latest being thelaptopGooglesaid it isbrought against the company over its flagship AI product GeminiModernaentered into aworth up to $2.25B with a subsidiary of Roivant Sciencesand Arbutus BiopharmaRoss Storesreported a, raised its quarterly dividend and approved a new two-year $2.55B stock repurchase planFordreportedyear-over-year in February to 149,962 vehicles2. WALL STREET CALLS:BofA reinstated Teslaat Buy as the "Targetat Telsey Advisory and to Market Perform at BernsteinPiper Sandlerat NorthlandLegalZoomat BarclaysFirst Solarat GLJ Research on weak guidance3. AROUND THE WEB:AmazonPublisher Services, which helps websites run ad auctions, is exploring offering technology to help other apps and sites sell ads in AI chatbots, The Information saysOpenAI is developing an alternative to Microsoft'sGitHub, The Information reportsMetais testing a shopping research feature for its AI chatbot that will allow requests for product suggestions, Bloomberg saysThe White House is debating if it will allow Tencentto maintain stakes in popular video game groups, FT reportsDOJ investigating possible price fixing in fertilizer market, Bloomberg reports4. MOVERS:SCHMIDgained afterthe first specialized InfinityLine H+ systemEvolusadvanced afterand providing guidance for FY26Babcock & Wilcoxincreased afterand announcing it has received full notice to proceed on a $2.4B design-build agreement with Base ElectronIndie Semiconductorfell after filing to sell $150M ofGitLabclosed lower afterand authorizing a $400M share repurchase program5. EARNINGS/GUIDANCE:Abercrombie & Fitchreportedand provided guidance for Q1 and FY26Holleyreported, with EPS missing consensusDycomreported Q4 results, withon "strong fourth quarter performance"Bath & Body Worksreported, with EPS and revenue beating consensusBayerreportedand provided guidance for FY26INDEXES:The Dow rose 238.14, or 0.49%, to 48,739.41, the Nasdaq gained 290.79, or 1.29%, to 22,807.48, and the S&P 500 advanced 52.87, or 0.78%, to 6,869.50.