electrovac AG, a specialist in hermetic glass-to-metal packages for the protection of safety- and system-critical electronics, held its first Annual General Meeting as a listed company on October 28, 2026. The virtual meeting provided shareholders with an update on the company's performance and the progress of its growth strategy, as reported by NEWMEDIAWIRE.
CEO Dieter Thumfart outlined a record fiscal year 2025/2026 and a strong start to the new fiscal year. For the first half of 2026/2027 (April 1 to September 30, 2026), preliminary figures show revenue rose 10.4% to EUR 61.5 million, up from EUR 55.7 million in the prior-year period. EBIT increased 26.1% to EUR 8.2 million, and the EBIT margin improved to 13.3% from 11.7%, despite EUR 2.3 million in one-off IPO costs included in EBIT. Growth was driven primarily by the Industrials and Aerospace & Defense business areas.
The Executive Board highlighted progress across all four growth initiatives announced at the time of the IPO. In Thailand, production capacity is set to double; floor space has been doubled, the lease is signed, infrastructure expansion is nearly complete, and machinery for a third production line has been ordered or is being built, with production slated to start in September 2027. In China, electrovac is establishing local final assembly for airbag igniters under a "local for local" approach; China accounted for about 28% of group revenue in 2025/2026, and a site decision in the Changzhou area near Shanghai is expected by the end of December 2026. In the USA, preparations for a own presence targeting aerospace and defense will begin in November 2026. In Aerospace & Defense, capacity expansions in Austria and Germany have been completed, including a two-shift system in Austria and the start of EN 9100 certification and Nadcap accreditation in Germany.
For fiscal year 2026/2027, the Executive Board reaffirmed its recently raised earnings forecast, expecting EBIT of EUR 13 million to EUR 14 million and adjusted EBIT of EUR 15 million to EUR 16 million, while the revenue forecast of EUR 120 million to EUR 130 million remains unchanged. The upward revision reflects positive development in Aerospace & Defense and Industrials as well as operating performance above expectations. "Six months after the IPO, we are delivering on what we announced," Thumfart said, adding that adjusted EBIT is expected to exceed the level of the record year.
At the Annual General Meeting, 83.6% of the share capital was represented, and shareholders approved all resolutions proposed by the Executive Board and Supervisory Board by a large majority. The full voting results are available on the company's AGM results page.
The reaffirmed forecast and progress on expansion initiatives matter because they signal that electrovac is executing its post-IPO strategy and translating growth in high-margin aerospace and defense markets into earnings, even as geopolitical conditions remain challenging.
