Novem Group S.A. Reports Enhanced Profitability in HY 2026/27

Novem Group S.A., based in Luxembourg, has announced its half-year results for the financial year 2026/27, highlighting improved profitability. The company reported a revenue increase to €276.3 million, up 8.6% from the previous year, driven largely by its Tooling business. This rise comes amidst challenging conditions in the global automotive market.

The second quarter performance saw a decline in Series revenue by 4.8% mainly due to a downturn in the Americas but was partly offset by gains in Europe and Asia. Tooling revenue showed a significant increase by €23.8 million, contributing primarily to the overall revenue growth.

Adjusted EBIT reached €19.5 million, marking a 26.8% rise and resulting in a 7.5% margin. The company's free cash flow was slightly down, attributed to higher receivables and deferred expenses, while investments focused on Europe showed a modest decline in capital expenditure.

The net leverage ratio improved significantly to 1.6x, reflecting better financial health with reduced gross financial debt. Overall, Novem Group S.A. has successfully enhanced its profitability amidst a fluctuating market environment.