SCHMID Group Raises 2026 Order Intake Guidance After Strong Q2 Demand
MT Newswires Live
Jul 15
SCHMID Group (SHMD) said Tuesday it raised its 2026 order intake guidance to 125 million euros ($142.7 million) to 150 million euros from about 114 million euros.
The company said it maintained its annual revenue outlook of more than 100 million euros.
The company reported its Q2 order intake of 30.7 million euros and revenue of 27.7 million euros.
SCHMID said its equipment order backlog stood at 54.8 million euros at the end of Q2.
Shares of the company were up 12.8% in Wednesday's premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.