electrovac AG, a specialist in hermetic glass-to-metal packages for protecting safety- and system-critical electronics, reported a significant increase in revenue and earnings based on preliminary figures for the 2025/2026 financial year ended 31 March 2026. The company's revenue increased by approximately 20% year on year to around EUR 118.0 million, up from EUR 98.2 million in the previous year. Earnings before interest and taxes (EBIT) rose by about 56% to approximately EUR 14.2 million, compared to EUR 9.1 million in the prior year, resulting in an EBIT margin of 12.0%, up from 9.3%.
Adjusted for costs related to the initial public offering during the reporting period, EBIT reached around EUR 14.8 million, with an adjusted EBIT margin of 12.5%. The positive development was primarily attributable to increased demand in both strategic business areas, Personal Safety and Aerospace & Defence, as well as the successful expansion of production capacity at the plant in Thailand. The company also benefited from positive pricing effects.
Dieter Thumfart, CEO of electrovac, stated: “We are very pleased that the positive trend communicated in connection with our initial public offering in April has continued, driven in particular by a strong second half of the 2025/2026 financial year. Looking at the current financial year, this development continued as expected in the first quarter. Following our successful initial public offering, we are now ideally positioned to further expand our market share and strengthen our technological leadership in glass-to-metal packages for the Personal Safety and Aerospace & Defence business areas.”
In the first quarter of the current 2026/2027 financial year, revenue reached approximately EUR 31.5 million, about 14% above the previous-year level. The company recorded very strong order intake in the first quarter, particularly in the Aerospace & Defence sector, but also in the Industrial sector, with book-to-bill ratios of 2.96 and 1.66 respectively. These figures indicate robust future revenue streams, as orders significantly outpaced shipments.
This news matters because electrovac's performance reflects broader trends in the electronics protection market. The strong growth in Personal Safety and Aerospace & Defence suggests increasing reliance on advanced hermetic sealing solutions for critical applications such as airbags, seatbelt components, satellite technology, and military equipment. The expansion of production capacity in Thailand positions the company to meet rising global demand while mitigating supply chain risks. For investors, the significant margin improvement demonstrates operational efficiency and pricing power. The continued momentum into the first quarter of fiscal 2026/2027 signals sustained demand, which could impact the industry by encouraging further innovation and capacity investments in hermetic packaging.
electrovac AG will publish its full audited annual and consolidated financial statements for the 2025/2026 financial year on 14 August 2026 and will hold an earnings call at 11:00 a.m. CEST on the same day. For more information, visit www.electrovac.com.
