Aumann AG
Aumann builds machines and production lines that manufacture electric motors and automate other industrial tasks.
Overview
Latest results
Jan–Jun 2026 · Reported in EUR
Latest financial publication
First-half 2026 results
Investment Thesis
Motor manufacturing and a broader automation business
European Tech Equities analysis ·
The investment case
Factories need equipment that can make new products reliably and at scale. Aumann’s opportunity is to apply its winding and automation experience across more industries, while retaining its position in electric-motor manufacturing.
Evidence of progress
H1 2026 revenue fell 34.8% to €70.6m as automotive investment weakened. Next Automation orders grew 72.1%, but total orders still declined 27.3%. The newer business is helping, yet has not fully offset the slowdown in e-mobility.
What drives demand
Future orders depend on manufacturers approving new production lines and upgrades. Demand for electric vehicles alone is therefore an incomplete guide: customers’ existing capacity and investment timing also matter.
Profit and cash generation
Aumann remained profitable, with H1 2026 operating profit of €4.4m and operating cash flow of €7.3m. June bank cash was €143.5m, excluding securities, against €3.7m of bank debt and leases. Planned shareholder distributions and operating needs must also be considered when assessing that cash.
What the valuation assumes
A large cash balance is relevant, but it does not settle the value of the operating business. Order intake, project profitability and cash returned to shareholders all affect the picture.
What would weaken the case
- Weak automotive investment can reduce orders before it affects reported revenue.
- Custom production projects carry delivery, cost and execution risks.
- Expansion into other industries may take time and may not offset the decline in e-mobility.
Sources
Financials
The business in numbers
Latest
Income statement
Cash flow
Balance sheet
Sources and details
Each statement retains its reporting period. Charts use comparable periods and a shared accounting basis; a dash means the figure has not been verified on European Tech Equities.
FY2025 · FY2025 annual report printed pp.46–49: consolidated income, balance sheet and cash flow.
Calculated: margins = profit ÷ revenue; free cash flow = operating cash flow less capital expenditure; net debt = debt less cash; liabilities = assets less equity. The company-specific notes explain what debt includes. Negative net debt represents net cash. Quarterly flows cover each individual quarter; balance sheet figures are at period end.
Amounts are in EUR million; basic EPS is EUR per share. Cash is cash in hand and bank balances, excluding securities and accrued interest included in the company’s broader liquidity measure. Debt includes bank borrowing and leases. Capital expenditure uses the published net investments/divestments in tangible and intangible assets; securities purchases are excluded.
Annual
Income statement
Cash flow
Balance sheet
Sources and details
Each statement retains its reporting period. Charts use comparable periods and a shared accounting basis; a dash means the figure has not been verified on European Tech Equities.
FY2024 · FY2025 annual report printed pp.46–49: consolidated income, balance sheet and cash flow.
FY2025 · FY2025 annual report printed pp.46–49: consolidated income, balance sheet and cash flow.
Calculated: margins = profit ÷ revenue; free cash flow = operating cash flow less capital expenditure; net debt = debt less cash; liabilities = assets less equity. The company-specific notes explain what debt includes. Negative net debt represents net cash. Quarterly flows cover each individual quarter; balance sheet figures are at period end.
Amounts are in EUR million; basic EPS is EUR per share. Cash is cash in hand and bank balances, excluding securities and accrued interest included in the company’s broader liquidity measure. Debt includes bank borrowing and leases. Capital expenditure uses the published net investments/divestments in tangible and intangible assets; securities purchases are excluded.
Half-year
Income statement
Cash flow
Balance sheet
Sources and details
Each statement retains its reporting period. Charts use comparable periods and a shared accounting basis; a dash means the figure has not been verified on European Tech Equities.
Calculated: margins = profit ÷ revenue; free cash flow = operating cash flow less capital expenditure; net debt = debt less cash; liabilities = assets less equity. The company-specific notes explain what debt includes. Negative net debt represents net cash. Quarterly flows cover each individual quarter; balance sheet figures are at period end.
Amounts are in EUR million; basic EPS is EUR per share. Cash is cash in hand and bank balances, excluding securities and accrued interest included in the company’s broader liquidity measure. Debt includes bank borrowing and leases. Capital expenditure uses the published net investments/divestments in tangible and intangible assets; securities purchases are excluded.
Performance
About these figures
Dates link to the original reports. Bars compare the same period a year earlier, on a consistent accounting basis. Arrows show whether the number rose or fell, not whether it is good or bad for the business.
Research & updates
Aumann strengthens Next Automation and achieves solid profitability in the first half of 2026
First-half 2026 results
Aumann announces share buyback with an allotment ratio of approximately 6%
Aumann increases price of share buyback offer to €17.80 per share
Aumann resolves public share buyback offer at a price of €16.50 per share
Interviews
Interviews are coming soon
No interviews with Aumann AG have been published yet.
Sources
Sources & data dates
Financial figures link to the company’s publications and retain their reporting period. Share prices have their own closing dates.
H1 2025 · Published Aug 13, 2026 · Checked Oct 30, 2026
H1 2026 · Published Aug 13, 2026 · Checked Oct 30, 2026
FY2024 · Published Mar 31, 2026 · Checked Oct 30, 2026
FY2025 · Published Mar 31, 2026 · Checked Oct 30, 2026
Checked 2026-10-30
Checked 2026-10-30
Checked 2026-10-30
Checked 2026-10-30