FREUDENSTADT, GERMANY – Schmid Group reported preliminary first-quarter results showing steady performance and reaffirmed its full-year outlook, while taking steps to strengthen its balance sheet.

The company recorded order intake of €13.6 million ($14.6 million) and revenue of €18.2 million ($19.5 million) in first quarter, with an order backlog of €49 million ($52.6 million). The first quarter is typically the softest period for the company in terms of activity.

Schmid maintained its 2026 guidance, expecting revenue to exceed €100 million ($107 million), supported by continued momentum, particularly in China.

In addition, Schmid entered agreements to offset €30.75 million ($33 million) in financial liabilities through share issuances to key stakeholders, pending shareholder approval in May. These actions are expected to reduce leverage, enhance financial flexibility, and align stakeholder interests with long-term performance.

Schmid, which provides equipment and process solutions for PCB, electronics, and energy systems manufacturing, continues to focus on expanding its presence across key global markets.