SCHMID Group N.V. Provides Q1 2026 Business Update and Balance-sheet Strengthening
Rhea-AI Summary
SCHMID Group N.V. (NASDAQ: SHMD) reported Q1 2026 operational metrics: order intake €13.6M, revenue €18.2M and an order book €49M at March 31, 2026. The company reaffirmed 2026 guidance: revenues >€100M, Adjusted EBITDA margin >12% and ~€114M order intake.
Convertible-note conversions totaled USD 12M for 2,197,898 shares; share issuances are planned to offset €30.75M of liabilities, subject to shareholder approval on May 20, 2026.
Positive
- Q1 revenue of €18.2M provides operating cash flow runway
- Order book at €49M offers visible near-term production backlog
- Company reaffirms full-year guidance: revenue >€100M and EBITDA>12%
- USD 12M convertible conversions reduced debt via 2,197,898 new shares
- Planned €30.75M liability offset by share issuance to strengthen balance sheet
Negative
- Q1 order intake of €13.6M reflects seasonally weak quarter
- Outstanding shares increased to 57,800,909, diluting existing holders
- €30.75M share-for-debt issuance may cause further shareholder dilution
- €2.4M of debt to Christine Schmid converted at 20% VWAP discount
News Market Reaction – SHMD
In the Apr 27 session, SHMD declined 12.41%, reflecting a significant negative market reaction. Argus tracked a trough of -23.5% from its starting point during tracking. Our momentum scanner triggered 19 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 11 | AI order win | Positive | +10.6% | Secured lower two‑digit million‑USD wet‑process order for AI and HPC servers. |
| Mar 06 | Convertible notes closing | Negative | -17.8% | Closed second $15M tranche of $30M senior convertible notes with attached warrants. |
| Mar 04 | Product delivery | Positive | +30.7% | Delivered first specialized InfinityLine H+ PLP system to leading U.S. technology customer. |
| Jan 21 | Convertible financing | Negative | -7.6% | Announced $30M senior convertible notes and share issuance to settle existing liabilities. |
| Dec 17 | Term loan facility | Negative | -8.3% | Signed up to €10M secured two‑tranche convertible term loan with high interest costs. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
News on orders and product deliveries has coincided with double‑digit gains, while financing and balance-sheet transactions have often seen negative price reactions.
Over the last six months, SCHMID’s news flow has alternated between growth wins and balance-sheet actions. A Dec 2025 convertible term loan and subsequent Jan 2026 and Mar 2026 convertible note financings all saw negative next‑day moves. By contrast, operational updates in March 2026—a major AI/HPC wet‑process order and first InfinityLine H+ delivery—produced gains of 10.63% and 30.73%. Today’s Q1 business update and liability conversions extend this pattern of pairing commercial traction with capital-structure changes.
Key Terms
adjusted ebitda financial
international financial reporting standards financial
ifrs financial
convertible notes financial
volume-weighted average price financial
vwap financial
private placements financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FREUDENSTADT, Germany, April 27, 2026 (GLOBE NEWSWIRE) -- SCHMID Group N.V. (NASDAQ: SHMD) (the “Company” or "SCHMID"), a global leader in providing solutions to the high-tech electronics, glass, and energy systems industries, today provides an update on its operational development following the completion of the first quarter of 2026.
Operational Update for the first quarter ended March 31, 2026
In the first quarter of 2026, the Company recorded order intake of
Based on current visibility and business momentum especially in China, SCHMID reaffirms its full-year 2026 guidance. The Company continues to expect revenues exceeding
The financial information presented in this press release for the first quarter of 2026 is preliminary and unaudited. Actual results may differ from the preliminary estimates presented herein. Order intake and order backlog are operational metrics used by management to evaluate the Company’s business activity and visibility of future revenue. These metrics are not measures defined under International Financial Reporting Standards (“IFRS”) and may not be comparable to similarly titled measures used by other companies.
Adjusted EBITDA is a non-IFRS financial measure. The Company defines Adjusted EBITDA as earnings before interest, taxes, depreciation and amortization, adjusted to exclude certain non-recurring or non-operational items. Because Adjusted EBITDA excludes items that may be included in the most directly comparable IFRS measure, investors should not consider Adjusted EBITDA in isolation or as a substitute for measures prepared in accordance with IFRS. The Company is unable to provide a reconciliation of forward-looking Adjusted EBITDA guidance to the most directly comparable IFRS financial measure without unreasonable effort because certain items that impact such measures are uncertain, out of the Company’s control and cannot be reasonably predicted.
Conversions of Convertible Notes by Institutional Investor
Following the issuance of the second tranche of the USD 30 million convertible notes financing on March 5, 2026 as announced in the Report on Form 6-K of the Company dated March 6, 2026, the purchasers of the convertible notes have issued six separate conversion notices converting a total of USD 12 million in principal amount for an aggregate of 2,197,898 new ordinary shares of the Company.
As a result, as of the date of this Report on Form 6-K, the outstanding number of shares has increased to 57,800,909 (including 5,000,000 non-voting earn-out shares held by Anette Schmid and Christian Schmid, which are subject to cancellation on April 30, 2027 should the share price not reach USD 15.00, in relation to 2,500,000 earn-out shares, or USD 18.00, in relation to the other 2,500,000 earn-out shares).
Share Issuances to Anette Schmid, Christian Schmid, Christine Schmid and Schmid Grundstücke GmbH & Co KG to off-set financial liabilities
On April 24, 2026, SCHMID Group N.V. (the "Company") entered into separate subscription agreements and separate set-off agreements with Anette Schmid, Christian Schmid, Christine Schmid and Schmid Grundstücke GmbH & Co KG to off-set financial liabilities in an aggregate amount of EUR 30.75 million. In connection with these agreements, the Company entered into debt assumption agreements with the Company's fully-owned subsidiary, Gebr. Schmid GmbH. Pursuant to the subscription agreements the Company has agreed, subject to the approval by a shareholders' meeting of the Company to be held on May 20, 2026, to issue and sell to Anette Schmid, Christian Schmid, Christine Schmid and Schmid Grundstücke GmbH & Co KG in private placements a number of shares of the Company determined by dividing the EUR 30.75 million by the 5-trading day volume-weighted average price (VWAP) of the Company's shares immediately preceding the approval by the board of directors of the Company of the share issuances following the shareholders' meeting on May 20, 2026. Only in relation to EUR 2.4 million of the aggregate financial liabilities (to be set-off in relation to the financial liabilities to Christine Schmid), the share price will be determined in relation to the 5-trading day VWAP applying a
Both the conversion of parts of the outstanding convertible notes and the conversions of the various financial liabilities will strengthen the Company’s balance sheet, reduce leverage and enhance financial flexibility as well as further align key stakeholders' interests with the Company’s long-term performance.
Forward-looking Statements
This press release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company’s preliminary first quarter 2026 results, financial outlook for fiscal year 2026, expected order intake and revenue growth, anticipated demand trends, and other statements that are not historical facts. These forward-looking statements can include statements regarding our expectations with respect to future performance and the anticipated timing of certain commercial or financing activities, expected timing and completion of the private placement and use of proceeds related thereto. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: geopolitical events, conflicts or wars, including trade wars, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; our current dependence on sales to a limited number of customers for most of our revenues; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe and the U.S.; the effects of competition; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under “Item 3. Key Information – 3.D. Risk Factors” in our annual report on Form 20-F filed with the SEC February 13, 2026, which is available on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
About The SCHMID Group
The SCHMID Group is a world-leading global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries, with its headquarters based in Freudenstadt, Germany. Founded in 1864, today it employs approximately 700 staff members worldwide, and has technology centers and manufacturing sites in multiple locations including Germany and China, in addition to several sales and service locations globally. The Group focuses on developing customized equipment and process solutions for multiple industries including electronics, renewables, and energy storage. Our system and process solutions for the manufacture of substrates, printed circuit boards and other electrical components ensure the highest technology levels, high yields with low production costs, maximized efficiency, quality, and sustainability in green production processes.
Learn more at www.schmid-group.com
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