Wolftank Group Reports Challenging First Half 2025 with Shift Toward Hydrogen Growth

Wolftank Group AG reported preliminary consolidated sales of EUR 60.8 million for the first half of 2025, nearly unchanged from the same period last year when it recorded EUR 62 million. The company's adjusted EBITDA, however, declined to EUR -0.1 million from EUR 4.8 million in H1 2024, primarily due to a EUR 2.5 million provision for a first-instance ruling on damage payments to a customer in Italy and a maintenance-related shutdown of a recycling plant that caused approximately EUR 5 million in lost revenue.

The Environmental Services segment experienced an 11.9% decline in sales to EUR 45.1 million, attributed to lower-than-planned orders from framework agreements, customer postponements of new projects, and the extended maintenance shutdown in Italy. This reduced the segment's share of consolidated Group sales to 74.2% from 82.6% in H1 2024. In contrast, the Hydrogen & Renewable Energies segment grew significantly, with sales increasing by 45.4% to EUR 15.7 million, raising its share to 25.8% of total sales.

Despite the challenging economic conditions and a product mix with lower profit margins, Wolftank Group maintained a stable liquidity position of EUR 11.7 million and unchanged net debt of EUR 24.1 million through strict cash management. The company's order backlog as of June 30, 2025, stood at EUR 146.3 million, providing a foundation for future stability.

For the second half of 2025, Wolftank Group expects a slightly positive EBITDA in the range of EUR 1.6 million to EUR 3.1 million, driven by the resumed operation of the recycling plant and ongoing cost reduction measures. The full-year 2025 forecast anticipates sales between EUR 121 million and EUR 123 million, with adjusted EBITDA projected between EUR 1.5 million and EUR 3.0 million after excluding the one-time legal provision. The company will publish its complete half-year report on September 18, 2025, available on their official website https://www.wolftankgroup.com.

This performance highlights the growing importance of hydrogen and renewable energy solutions within Wolftank's portfolio, signaling a strategic shift that could influence the environmental services and clean energy sectors. The maintained order backlog and cost management initiatives suggest resilience amid economic headwinds, offering insights into how companies in these industries are adapting to market challenges while positioning for sustainable growth.