Montana Aerospace AG

AERO

Equity

ISIN CH1110425654 / Valor 111042565

SIX Swiss Exchange (2026-10-16)

CHF 23.45+1.08%

Montana Aerospace AG
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About company

Montana Aerospace AG is a prominent global manufacturer specializing in the production of complex lightweight components and structures for the aerospace industry. With a robust presence across 32 production sites in 14 countries, including Europe, North and South America, and Asia, the company is strategically positioned to support a local-to-local strategy for its clients. The company operates state-of-the-art facilities equipped with nearly 200 CNC systems, focusing on the machining of aluminum, titanium, and hard metal components. Montana Aerospace's product offerings include critical aircraft parts such as structural components for fuselages, wings, and landing gear, as well as engine components designed to withstand high thermal and mechanical stresses. The company is recognized for its multi-material expertise and its ability to deliver innovative, cost-effective solutions, making it a key partner for leading aircraft manufacturers and Tier 1 suppliers. Montana Aerospace's business model emphasizes fast response times, intelligent logistics, and a commitment to maintaining strong, long-term relationships with its clients in the aerospace and energy sectors.

Summarized from source with an LLMView SourceSector: Industrials

Revenue

Net sales: EUR 248.2m in Q1 2026, up 4.1% year-on-year (Q1 2025: EUR 238.4m). Growth was driven primarily by the Aerostructures segment (EUR 233.5m, +5.5% YoY).

Profitability

Adjusted EBITDA: EUR 40.6m (+5.8% YoY) and adjusted EBITDA margin improved to 16.4% (Q1 2025: 16.1%). Reported EBIT was EUR 17.2m (EBIT margin 6.9%).

Net result and EPS

Result from continuing operations: EUR 10.5m (up ~130.7% YoY). Basic/diluted EPS: EUR 0.17 (Q1 2025: EUR 0.07/0.08 depending on presentation).

Segment performance

Aerostructures: net sales EUR 233.5m (+5.5%) and adjusted EBITDA EUR 42.5m (+6.5%, margin 18.2%). Alpine Metal Tech: net sales EUR 14.7m (-14.1%) and adjusted EBITDA EUR -0.6m, impacted by delivery shifts.

Cash flow and investing

Operating cash flow: EUR 1.4m (Q1 2025: EUR -5.4m). Investing cash flow: EUR +54.5m (vs EUR -19.6m) — driven largely by proceeds from the divestment of the Energy segment. Free cash flow: EUR 55.9m (Q1 2025: EUR -25.0m).

Financing and net debt

Net cash used in financing: EUR -73.7m (primarily loan repayments). Net debt fell to EUR 73.3m (31 Mar 2026) from EUR 128.1m (31 Dec 2025); leverage 0.4x LTM EBITDA (was 0.8x).

Balance sheet and liquidity

Cash & equivalents: EUR 95.6m at 31 Mar 2026. Total assets EUR 1,556.7m. Total equity increased to EUR 1,021.0m and equity ratio improved to 65.6%.

Working capital

Trade working capital at EUR 335.1m (~34% of LTM net sales), within the Company’s stated sustainable range and reflecting seasonal production and added safety stock.

Outlook and capital allocation

The Company expects continued production volume growth and margin expansion from improved fixed-cost utilization and industry ramp-ups. Management reiterated the objective to reach a net cash position by year-end 2026.

Summarized from source with an LLMView Source

Key figures

-10.8%1Y

123%3Y

-35.9%5Y

Performance

53.7%1Y

42.3%3Y

46.2%5Y

Volatility