Corporate ActionApr 27, 2026, 06:58 AM
SHMD to Issue Shares for €30.75M Debt; $12M Notes Converted
AI Summary
SCHMID Group N.V. provided an operational update for Q1 2026, reporting €13.6 million in order intake and €18.2 million in revenues, with an order book of €49 million. Despite a soft first quarter, the company reaffirmed its full-year 2026 guidance, expecting revenues over €100 million and an Adjusted EBITDA margin exceeding 12%. Additionally, the company announced significant capital actions, including the conversion of $12 million in convertible notes into 2,197,898 shares and plans to issue shares to offset €30.75 million in financial liabilities, pending shareholder approval. These actions are expected to strengthen the balance sheet and reduce leverage.
Key Highlights
- SHMD to issue shares to offset €30.75 million in financial liabilities, subject to shareholder approval.
- Institutional investor converted $12 million in convertible notes into 2,197,898 new ordinary shares.
- Q1 2026 order intake was €13.6 million.
- Q1 2026 revenues reached €18.2 million.
- Order book stood at €49 million at the end of Q1 2026.
- Company reaffirms full-year 2026 revenue guidance exceeding €100 million.
- Reaffirms full-year 2026 Adjusted EBITDA margin exceeding 12%.
- Outstanding shares increased to 57,800,909 following conversions.