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00:00:00","\u003Cp>Frauenfeld, Switzerland, May 14, 2026 – Aebi Schmidt Group (NASDAQ: AEBI) (“Aebi Schmidt”, the “Group”, or the “Company”), a world-class specialty vehicles leader, reports strong order momentum and increased adjusted EBITDA.\u003C/p>",[212,216,220],{"id":213,"name":214,"tagname":214,"__typename":215},"3445176","Investors","object_BTag",{"id":217,"name":218,"tagname":219,"__typename":215},"3437561","Press release","Pressrelease",{"id":221,"name":222,"tagname":222,"__typename":215},"8001","Group",{"parent":224,"__typename":228},{"parent":225,"__typename":228},{"id":226,"route":227,"__typename":18},"3445136","/en/news/","object_CContainer",[230,233],{"layout":56,"caption":105,"text":231,"image":105,"image21fp":105,"__typename":232},"\u003Cul>\n\u003Cli>Strong order momentum, with Q1 2026 Order Intake up 9% vs Q1 2025\u003Csup>2\u003C/sup> and Order Backlog expanding by 23% vs Q1 2025 to $1.3b\u003C/li>\n\u003Cli>Net Sales of $456m in Q1 2026, in line with Q1 2025 and growing 7% excluding $26.3m Blue Arc sales in Q1 2025 \u003C/li>\n\u003Cli>Adjusted EBITDA\u003Csup>1\u003C/sup> of $33.1m in Q1 2026, up 6% vs Q1 2025, representing 7.3% of Net Sales, a margin increase of ~40bps vs Q1 2025, driven by 201% increase in Europe and Rest of World (RoW)\u003C/li>\n\u003Cli>Net Income of $0.7m in Q1 2026, an increase of 7% vs Q1 2025\u003C/li>\n\u003Cli>Aebi Schmidt Group on track to deliver full year 2026 guidance expecting sales in $1.95 to $2.15b range, adjusted EBITDA in $175 to $195m range and leverage ≤ 2.0x\u003C/li>\n\u003C/ul>\n\u003Cp>\u003Cbr />“Aebi Schmidt Group delivered a strong start to 2026, with meaningful order growth and improved profitability compared to last year\u003Csup>2\u003C/sup>," said Barend Fruithof, Group CEO of Aebi Schmidt. "Our order intake is up 9% vs Q1 2025 and we are performing as expected."\u003Cbr />\u003Cbr />\u003C/p>\n\u003Cp>\u003Cstrong>First Quarter\u003Csup>2\u003C/sup> 2026 Financial Results\u003C/strong>\u003C/p>\n\u003Cul>\n\u003Cli>Q1 2026 Order Intake increased 9% vs Q1 2025, with solid growth in North America, driven by \u003Ca href=\"/en/products-solutions/products/airport-maintenance/\" target=\"_blank\" class=\"keyword-link\">Airport\u003C/a> and \u003Ca href=\"/en/products-solutions/products/municipal-solutions/\" target=\"_blank\" class=\"keyword-link\">Municipal\u003C/a>, and a continued recovery in Walk-in-Vans orders\u003C/li>\n\u003Cli>March 31, 2026 Order Backlog grew 23% to $1.3 billion vs March 31, 2025\u003Csup>2\u003C/sup>, providing visibility into expected significant growth in 2026\u003C/li>\n\u003Cli>Net Sales of $456m, in line with Q1 2025 despite a challenging environment and growing 7% excluding $26.3m of Blue Arc sales in Q1 2025.\n\u003Cul>\n\u003Cli>Europe and RoW Net Sales with substantial organic growth of 16% vs Q1 2025\u003C/li>\n\u003C/ul>\n\u003C/li>\n\u003Cli>Q1 2026 Net Income of $0.7m, increased $0.1m from $0.6m in Q1 2025\u003C/li>\n\u003Cli>Adjusted EBITDA in Q1 2026 of $33.1m, a 6% increase vs Q1 2025 sustaining strong momentum toward our 2026 adjusted EBITDA guidance\n\u003Cul>\n\u003Cli>North America adjusted EBITDA of $26.4m, a decrease of $2.6m or 9% vs prior year quarter\u003Csup>2\u003C/sup>, driven by ramp-up expenses to convert strong Walk-in-Vans orders into revenue beginning in Q2 2026\u003C/li>\n\u003Cli>Europe and RoW delivered a record first quarter, with adjusted EBITDA tripling to $6.8m vs prior year quarter, driven by improved pricing and volume in new business, as well as strong After Sales\u003C/li>\n\u003C/ul>\n\u003C/li>\n\u003C/ul>\n\u003Cp> \u003C/p>\n\u003Cp>“The Group experienced strong order momentum in the first quarter, driven by Airport and Municipal,” commented Marco Portmann, Group CFO. “We expect revenue conversion, especially in Walk-in-Vans, to accelerate beginning in the second quarter, with quarterly revenue increasing sequentially in 2026, and a significantly stronger second half of the year.”\u003C/p>\n\u003Cul>\n\u003Cli>Net Working Capital\u003Csup>1\u003C/sup> improved to $449m at the end of Q1 2026, down 1% or $4m vs the end of Q1 2025 despite the expected ramp up of Net Sales beginning in the second quarter\u003C/li>\n\u003Cli>Net Debt of $455m at the end of Q1 2026, increasing $18m since the end of 2025, driven by investments in inventory, reflecting normal seasonal dynamics. Leverage\u003Csup>1\u003C/sup> at the end of March 2026 at 2.88x\u003C/li>\n\u003C/ul>\n\u003Cp> \u003C/p>\n\u003Cp>“We continue to drive improvements in our Net Working Capital through more efficient processes and improved capital allocation,” said Marco Portmann. “The inventory increase in Q1 2026 vs year-end 2025 is part of our normal seasonality, and we continue to work toward our leverage target of 2.0x by year-end 2026.”\u003C/p>\n\u003Cp> \u003C/p>\n\u003Cp>\u003Cstrong>First Quarter 2026 Earnings Call\u003C/strong>\u003C/p>\n\u003Cp>The Company will host an earnings conference call and webcast today at 8:30am Eastern Time. Investors and analysts can access the conference call and webcast, including conference call materials, at \u003Ca href=\"https://www.aebi-schmidt.com/investors\" target=\"_blank\" rel=\"noopener\">https://www.aebi-schmidt.com/investors\u003C/a>, or directly through: \u003C/p>\n\u003Cul>\n\u003Cli>\u003Ca href=\"https://edge.media-server.com/mmc/p/et6k83dj/\" target=\"_blank\" rel=\"noopener\">https://edge.media-server.com/mmc/p/et6k83dj/\u003C/a> for the webcast, and\u003C/li>\n\u003Cli>\u003Ca href=\"https://register-conf.media-server.com/register/BIea067a43e9b54693b1d3410320f4775c\" target=\"_blank\" rel=\"noopener\">https://register-conf.media-server.com/register/BIea067a43e9b54693b1d3410320f4775c\u003C/a> for the live conference call with the ability to ask questions during the Q&A.\u003C/li>\n\u003C/ul>\n\u003Cp> \u003C/p>\n\u003Cp>_____________________________\u003C/p>\n\u003Cp>\u003Cem>[1]   See Non-GAAP Financial Measures for additional information regarding non-GAAP financial measures.\u003C/em>\u003C/p>\n\u003Cp>\u003Cem>[2]  Financial results up until June 30, 2025, provided as basis for comparison to our first quarter 2026 performance, include results for Aebi Schmidt and The Shyft Group on a combined basis inclusive of the period prior to the merger on July 1, 2025. This also applies to Q1 2025 figures used as the basis for year-over-year comparisons throughout this release, which are presented on a combined basis as if the merger had closed on January 1, 2024. Historical information presented on a combined basis does not reflect any pro-forma adjustments or adjustments for costs related to integration activities, cost savings or synergies that have occurred or may be achieved if the merger occurred on January 1, 2024.\u003C/em>\u003C/p>","fieldcollection_CTextImage",{"layout":113,"items":234,"__typename":169},[235],{"title":236,"image":105,"externalUrl":105,"relation":56,"target":237,"targetAnchor":105,"cssClasses":105,"urlParametersFrom":105,"__typename":122},"Download Original Press Release",{"filename":238,"fullpath":239,"__typename":196},"2026-05-14_AebiSchmidtGroup_PressRelease_Q1_2026_EN.pdf","/Corporate/Press-Releases/free-to-use/2026-05-14_AebiSchmidtGroup_PressRelease_Q1_2026_EN.pdf",{"210":241,"3445136":242,"3445139":243},"/it-it/prodotti-e-soluzioni/prodotti/","/it-it/novita/","/it-it/contatto/rappresentanze-nazionali-e-rivenditori/",[245,255,263],{"target":246,"title":254},{"id":247,"name":248,"route":241},210,{"t":249,"b":250},0,{"t":186,"i":251,"s":254},[252],{"t":253},3,"Scopri i prodotti",{"target":256,"title":262},{"id":257,"name":258,"route":243},3445139,{"t":249,"b":259},{"t":186,"i":260,"s":262},[261],{"t":253},"Trova interlocutori locali",{"target":264,"title":270},{"id":265,"name":266,"route":242},3445136,{"t":249,"b":267},{"t":186,"i":268,"s":270},[269],{"t":253},"Attualità e notizie",1778755724095]