Gabler Group AG has raised its revenue guidance for fiscal year 2026 and increased its medium-term revenue target, citing strong third-quarter performance and a record order backlog. The Lübeck-based developer of mission-critical subsea technologies now expects group revenue of over EUR 71 million for 2026, up from a previous range of EUR 69 million to EUR 71 million, and adjusted EBIT of over EUR 18 million, refined from a prior range of EUR 17 million to EUR 19 million. The company also lifted its medium-term revenue target to over EUR 120 million within three to five years, up from over EUR 100 million.
The announcement matters because it reflects accelerating demand for defense-related subsea systems and provides unusually high revenue visibility. In the first nine months of 2026, Gabler generated revenue of EUR 49.8 million and adjusted EBIT of EUR 15.6 million, an adjusted EBIT margin of 29.3%. The third quarter alone contributed EUR 22.5 million in revenue and EUR 8.9 million in adjusted EBIT. Order intake reached EUR 65.3 million in the nine-month period, while total order backlog rose to EUR 393.2 million as of 30 September 2026, up from EUR 390.4 million at mid-year and EUR 358.7 million at the end of 2025. That backlog equals more than five times expected 2026 revenue, with around 77% expected to convert into revenue over the next three to five years.
CEO David Schirm said the strong third quarter confirms the company is consistently implementing the growth strategy outlined at its initial public offering, adding that the order backlog provides excellent visibility while Gabler invests in capacity, technology, and international market presence. CSO Ole Johannsen highlighted four strategic initiatives intended to unlock additional organic growth: torpedo tube launchable unmanned surface vehicles, Diver Homing technology for combat divers, the Gabler Integrated Subsea Intelligence ecosystem for underwater situational awareness, and expansion in the United States.
The company is also executing operationally. On 16 October 2026, Gabler acquired 75% of DECK Marine Systems OÜ, an Estonian developer of systems for deploying, recovering, and positioning sensors and unmanned underwater vehicles, which is now consolidated. Gabler Group USA Corporation was established as its own entity for the U.S. market entry. The first-time consolidation of DECK is expected to have only a minor impact on current-year revenue and earnings.
Gabler, founded in 1962, generates most of its net sales from defense and defense-related solutions and is a leading European supplier of hoistable masts for conventional submarines. It serves over 250 customers, including 25 navies, and employs approximately 290 people. The company published its nine-month results via NEWMEDIAWIRE, and investors can register for the Q3 2026 Earnings Call – Q3 2026. The raised guidance and medium-term target underscore management's confidence in sustained growth, driven by defense spending and international expansion.
