results for H1 2025 - Seite 2

• Europe / Africa (74% of turnover):
  • Improved profitability in engineering.
  • Profitability in the thermoplastics activity is impacted by changes in the dollar and delivery delays at a customer's request.
  • Cross-functional investments in digital transformation continue, accompanied by a plan to optimize our costs.

• America (23% of turnover):
  • Turnover decline is linked to the geopolitical context but also to the end of the backlog catch-up on Aircraft Interiors in 2024.
  • Stable operating income despite the turnover decline.

• Asia-Pacific (3% of turnover):

• • Rail simulation recovery plan underway with the goal of returning to profitability in 2026.
  • Continued investment in India to build up the skills of the teams.

By Business Unit

in €M	Engineering	Solutions	Holding
Turnover	41.5	39.1	0.0
EBITDA	4.4	- 0.9	1.6
Operating income	3.7	- 2.9	0.7

Differences are due to rounding

BUSINESS REVIEW

BU Engineering, a good semester while awaiting diversification
The Engineering BU continues to drive the Group's growth and profitability (+€3 million vs. H1 2024). Business Aviation and Defense activities are driving profitability. Commercial Aviation reduced its losses compared to H1 2024, particularly in its European subsidiaries (Germany/Spain). Improvement measures are still ongoing.
The sales teams were strengthened in H1 and diversification opportunities were identified, notably with the recruitment of a Diversification Sales Director.

BU Solutions, several challenges ahead
The Equipment activity in North America declined due to the uncertain geopolitical and economic environment and the unfavorable base effect compared to H1 2024 (backlog catch-up).
In Europe, the profitability of the thermoplastics activity was significantly impacted by currency effects and lower A350 production rates. Nevertheless, the improvement plan currently underway has limited the impact and increased production capacity.