Wolftank Group AG, a provider of environmental and energy solutions, reported preliminary consolidated sales of €60.8 million for the first half of 2025, nearly stable compared to €62 million in the same period last year. The company's preliminary adjusted EBITDA declined to €-0.1 million from €4.8 million in the first half of 2024, primarily influenced by a €2.5 million provision for a first-instance ruling on damage payments to a customer in Italy and the maintenance-related shutdown of a recycling plant.
The Environmental Services segment saw an 11.9% decline in sales to €45.1 million, attributed to lower-than-planned orders from framework agreements, customer postponements of new projects, and the extended maintenance shutdown of the Italian recycling plant, which resulted in an estimated €5 million revenue loss. This segment's share of consolidated Group sales decreased to 74.2% from 82.6% in the first half of 2024.
In contrast, the Hydrogen & Renewable Energies segment continued its growth, with sales rising 45.4% to €15.7 million, increasing its share of consolidated sales to 25.8% from 17.4% the previous year. This growth was driven by a strong order situation in the hydrogen sector. The company's order backlog as of June 30, 2025, stood at €146.3 million, providing a stabilizing effect for future performance.
Strict cash management maintained Wolftank Group's liquidity at €11.7 million, unchanged from the end of the 2024 financial year, with net debt stable at €24.1 million. For the second half of 2025, the company expects a slightly positive EBITDA in the range of €1.6 million to €3.1 million, supported by the resumed operation of the recycling plant and cost reduction measures. Management has initiated immediate implementation of strict cost reduction and efficiency measures at the group level to improve operating performance and profit margins.
For the full 2025 financial year, Wolftank Group forecasts consolidated sales between €121 million and €123 million, compared to €121.5 million in 2024. The company expects EBITDA in the range of €-1.0 million to €0.5 million, or an adjusted EBITDA of €1.5 million to €3.0 million when excluding the one-time effect of the legal provision. Wolftank Group will publish its full half-year report on September 18, 2025. Further information is available at https://www.wolftankgroup.com.
