<span item_type="fundamental" item_id="e5564ace5835358d030b861db3f45e43" counter_id="ST/US/AEBI" env="prod"></span><span item_type="announcement" item_id="648236647416795265" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 455.55 M, missing the estimate of USD 456.77 M.</p><p></p><h4>Order Intake</h4><p>In Q1 2026, Order Intake for Aebi Schmidt Holding AG increased by 9% compared to Q1 2025, driven by solid growth in North America across Airport and Municipal sectors and continued recovery in Walk-in-Vans orders.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span></p><h4>Order Backlog</h4><p>As of March 31, 2026, the Order Backlog expanded to $1.3 billion, representing a 23% increase compared to March 31, 2025, providing visibility for significant growth in 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span></p><h4>Net Sales</h4><p>Net Sales in Q1 2026 were $456 million, which was in line with Q1 2025 figures of $453.785 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span> Excluding $26.3 million in Blue Arc sales from Q1 2025, Net Sales for Q1 2026 grew by 7%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span> Europe and Rest of World (RoW) Net Sales showed substantial organic growth of 16% compared to Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span></p><h4>Adjusted EBITDA</h4><p>Aebi Schmidt Holding AG reported an Adjusted EBITDA of $33.1 million in Q1 2026, a 6% increase from Q1 2025’s $31.245 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span> This represents 7.3% of Net Sales, an approximate 40 basis points margin increase from the 6.9% in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span> The increase was driven by a 201% increase in Europe and RoW, where Adjusted EBITDA tripled to $6.8 million due to improved pricing and volume, as well as strong After Sales.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span> North America’s Adjusted EBITDA decreased by $2.6 million or 9% to $26.4 million, impacted by ramp-up expenses for Walk-in-Vans orders.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span></p><h4>Net Income</h4><p>Net Income for Q1 2026 was $0.7 million, an increase of 7% from $0.6 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span></p><h4>Net Working Capital</h4><p>Net Working Capital improved to $449 million at the end of Q1 2026, a decrease of 1% or $4 million compared to the end of Q1 2025 ($453.034 million), despite an expected ramp-up of Net Sales.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span> As of March 31, 2026, Accounts Receivable were $271.241 million, Inventories were $379.186 million, and Accounts Payable were -$201.927 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span></p><h4>Net Debt and Leverage</h4><p>Net Debt stood at $455 million at the end of Q1 2026, an increase of $18 million since the end of 2025 ($437.345 million), primarily due to investments in inventory reflecting normal seasonal dynamics.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span> Leverage at the end of March 2026 was 2.88x.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span></p><h4>Outlook / Guidance</h4><p>Aebi Schmidt Holding AG is on track to achieve its full-year 2026 guidance, expecting sales in the range of $1.95 billion to $2.15 billion and Adjusted EBITDA between $175 million and $195 million, with leverage projected to be less than or equal to 2.0x.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span> The company anticipates revenue conversion, particularly in Walk-in-Vans, to accelerate from Q2 2026, leading to sequential quarterly revenue increases and a significantly stronger second half of the year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span> Management is actively working towards its leverage target of 2.0x by year-end 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/exh_991.htm"></span></p>

Aebi Schmidt Holding AG | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 455.55 M