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16 - Sep - 2026 / 06 : 30 CET / CEST Release of an ad hoc announcement pursuant to Art . 53 LR The issuer is solely responsible for the content of this announcement . Ad hoc announcement pursuant to Art . 53 LR R & S Group publishes Semi - annual Report 2026 • Final H1 2026 results confirm figures reported on 5 August 2026 • EBITDA of CHF 34.0 million with a solid margin of 19.0 % • Record order backlog of CHF 357.9 million provides strong visibility into 2027 and 2028 • Stronger second half - year expected ; 2026 and mid - term guidance confirmed 16 September 2026 – R & S Group Holding AG ( SIX : RSGN ) today published its Semi - annual Report 2026. The final results confirm the key figures reported on 5 August 2026. Strong order visibility , resilient profitability and solid cash generation underline the Group's sound position . R & S Group continues to execute its strategic investments and transformation towards structurally attractive markets . Order intake amounted to CHF 216.8 million ( H1 2025 : CHF 240.6 million if adjusted for divestment ) , a decline of 10 % on an adjusted basis . The Group recorded postponed orders of around CHF 15 million after the balance sheet date , since the order confirmation of few larger projects shifted from the first into the second half of the year . Order backlog reached a record CHF 357.9 million as of 30 June 2026 ( CHF 305.7 million on 30 June 2025 ) , with delivery schedules for power transformers extending well into 2027 and 2028 . Net sales amounted to CHF 179.2 million compared with CHF 201.4 million in the first half of 2025 on an adjusted basis . At constant currency , net sales were CHF 183.6 million , 9 % lower organically year on year . Profitability reflected the build - up of the workforce expansion of around 100 employees for the new power transformer plant in Łódź , which is scheduled to start operations by the end of 2026. EBITDA amounted to CHF ° 34.0 million , corresponding to a solid margin of 19.0 % . Profit after tax reached CHF 22.4 million ( H1 2025 : CHF 28.8 million ) , corresponding to earnings per share of CHF 0.60 . Free cash flow more than doubled to CHF 11.5 million despite continued investments in additional production capacity . The delivery of production equipment for the new plant is scheduled in H2 2026 and therefore will impact cash capital expenditures . Cash and cash equivalents declined by CHF 15.6 million , mainly due to the dividend payment of CHF 18.6 million and the scheduled amortization of the syndicated loan of CHF 12.5 million . As of 30 June 2026 , net financial debt amounted to CHF 71.4 million , compared to CHF 62.9 million on 31 December 2025. The leverage ratio at the end of June stood at 0.9x . R & S Group expects a stronger second half and FY2026 net sales of around CHF 410-420 million , subject to the successful delivery of large power transformers . The Group continues to expect an EBITDA margin within its guided range of 19 % to 21 % . While FY2026 net sales are expected to remain below the Group's mid - term growth guidance , the record order backlog and solid business outlook underpin the Group's mid - term guidance . Following the leadership change announced on 7 September 2026 , Matthias P. Weibel has assumed the role of Group CEO ad interim in addition to his responsibilities as Group CFO . The Group remains focused on executing its strategic priorities . The following table shows R & S Group's results for the first half of 2026 : HY 2026 reported HY 2025 reported HY 2025 adjusted Change in reported figures MCHF MCHF MCHF in % Order intake Order backlog 216.8 244.8 240.6 -11.4 % 357.9 305.7 305.2 17.1 % Net sales 179.2 206.3 201.4 -13.1 % EBITDA 34.0 43.9 43.4 -22.6 % as % of net sales 19.0 % 21.3 % 21.5 % n.a.