SCHMID Group reduced debt to EUR 23 million and lowered its adjusted EBITDA margin guidance to 6%-9% despite strong order intake.
SCHMID Group raised EUR 33 million and slashed debt by EUR 31 million via a debt-to-equity swap, reducing total debt to EUR 23 million. The move aims to improve financial flexibility amid restructuring efforts.
Year-to-date order intake reached EUR 96.6 million, aligning with the company’s EUR 125 million–EUR 150 million target. However, SCHMID lowered its adjusted EBITDA margin outlook to 6%-9% from above 12%, citing lower first-half gross margins.
The company expects EUR 4 million in annual labor savings from its Sprint program and plans an EUR 11 million China campus investment to double local production capacity by late 2027.