Phoenix Mecano Shrugs Off 2025 Dip With Strong Industrial Upswing in Early 2026
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Phoenix Mecano AG reported a slight decline in 2025 sales and earnings, with group revenue at EUR 757.3 million and a 13.1% drop in net profit. Despite challenges in the DewertOkin division, the company saw a strong start to 2026, with a 2.2% increase in first-quarter sales and a 21.9% rise in operating profit. The group plans to increase dividends and aims for modest growth in operating profit for 2026, while facing potential pressures from global demand and geopolitical issues. The current analyst rating for PMN stock is a Hold with a price target of CHF440.00.
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