Monitor the May 20 shareholder vote on the €30.75M insider share issuance — failure could signal governance concerns, while approval may trigger short-term dilution fears despite long-term leverage benefits. Watch for Q1 earnings confirmation in the upcoming 20-F or 6-K filing.
Price Chart
Executive Summary
SCHMID Group N.V. reported preliminary Q1 2026 revenue of €18.2 million and order intake of €13.6 million, reaffirming full-year guidance of over €100 million in revenue and Adjusted EBITDA margin above 12%. The company also announced $12 million in convertible note conversions (2.2M new shares) and a proposed €30.75 million debt-for-share transaction with insiders pending shareholder approval.
Key Financial Metrics
Key Facts
- Q1 2026 revenue: €18.2 million (preliminary, unaudited)
- Q1 2026 order intake: €13.6 million
- Order book at March 31, 2026: €49 million
- Reaffirmed 2026 guidance: revenue >€100M, Adjusted EBITDA margin >12%, order intake ~€114M
- $12 million of convertible notes converted into 2,197,898 new shares
- Proposed €30.75 million debt-for-equity swap with insiders (Anette Schmid, Christian Schmid, Christine Schmid, Schmid Grundstücke GmbH & Co KG), subject to shareholder approval on May 20, 2026
- Share count increased to 57,800,909 post-conversions (includes 5M non-voting earn-out shares)
Financial Impact
Dilution of ~3.8% from $12M note conversion; potential additional dilution from €30.75M private placement pending VWAP pricing. Balance sheet strengthened via debt reduction.
Risk Factors
- Significant dilution risk from proposed €30.75M private placement to insiders
- Lack of GAAP-comparable financials — reliance on unaudited, non-IFRS metrics like Adjusted EBITDA
- Governance concerns around related-party transactions with Schmid family entities
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3281446 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 6-K | $3.11 | awaiting T+5 | — | $2.92 (−6.11%) |
Oct 1, 2026 26d ago | EFFECT | $4.45 $3.97 | ▼ −10.69% | ▼ −11.99% | $2.92 (−34.31%) |
Oct 1, 2026 26d ago | EFFECT | $4.45 $3.97 | ▲ +10.69% | ▲ +11.99% | $2.92 (+34.31%) |
Oct 1, 2026 26d ago | EFFECT | $4.45 $3.97 | ▼ −10.69% | ▼ −11.99% | $2.92 (−34.31%) |
Oct 1, 2026 26d ago | EFFECT | $4.45 $3.97 | ▼ −10.69% | ▼ −11.99% | $2.92 (−34.31%) |
Sep 8, 2026 7w ago | Insider Cluster | $3.35 $3.20 | ▼ −4.48% | ▼ −3.36% | $2.92 (−12.84%) |
Aug 25, 2026 9w ago | 6-K | $3.42 $3.11 | ▼ −9.06% | ▼ −8.53% | $2.92 (−14.62%) |
Aug 25, 2026 9w ago | Press Release | $3.42 $3.11 | ▲ +9.06% | ▲ +8.53% | $2.92 (+14.62%) |
Jul 24, 2026 13w ago | EFFECT | $4.12 $4.04 | ▲ +1.82% | ▲ +2.20% | $2.92 (+29.04%) |
Jul 14, 2026 14w ago | 6-K | $4.34 $4.38 | ▲ +0.92% | ▲ +1.90% | $2.92 (−32.72%) |
US Market Status
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