Earnings release
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22 October 2026 1 PRESS RELEASE BE Semiconductor Industries N.V. Announces Q3-2026 Results Q3-26 Revenue and Net Income of € 283.4 Million and € 107.2 Million Up 113.6% and 323.7%, Respectively, vs. Q3-25. Orders of € 342.6 million Up 17.0% vs. Q2-26 and 96.1% vs. Q3-25 YTD-26 Revenue and Net Income Up 69.0% and 179.1%, Respectively, vs. YTD-25 YTD-26 Hybrid Bonding Orders More than Doubled Vs. Fiscal 2025. Total Cumulative Unit Demand Exceeds 215 Systems New € 100 Million Share Repurchase Program Initiated Duiven, the Netherlands, October 22, 2026 - BE Semiconductor Industries N.V. (the “Company" or "Besi") (Euronext Amsterdam: BESI; OTC markets: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the third quarter and nine months ended September 30, 2026. Key Highlights Q3-26 ● Revenue of € 283.4 million increased by € 33.5 million, or 13.4%, vs. Q2-26 due primarily to increased shipments for datacenter and AI relate d mainstream computing applications . Up € 150.7 million or 113.6% vs. Q3-25 primarily due to growth in computing end markets with strength in hybrid bonding, photonics and datacenter applications ● Orders of € 342.6 million increased by € 49.7 million, or 17.0%, vs. Q2-26 and € 167.9 million or 96.1%, vs. Q3-25 primarily due to increased orders for hybrid bonding, datacenter and AI related mainstream computing applications ● Besi’s g ross margin of 65.2% decreased by 0.5 points vs. Q2 -26 but was above prior guidance. It increased 3.0 points vs. Q3-25 due primarily to a more favorable product mix and price increases ● Net income of € 107.2 million increased by 20.4% vs. Q2-26 and 323.7% vs. Q3 -25 due to higher revenue levels and disciplined expense management. Similarly, Besi’s net margin increased to 37.8% vs. 35.6% in Q2-26 and 19.0% in Q3-25 ● Net cash of € 246.6 million at September 30, 202 6, increased by € 82.6 million vs. June 30, 2026 , principally due to increased profitability and cash flow from operations Key Highlights YTD-26 ● Revenue of € 718. 1 million increased by € 293.1 million, or 69.0%, vs. YTD-25 primarily due to broad- based growth in computing end markets and, to a lesser extent, an increase in mobile shipments. Growth in computing end markets principally re sulted from increased demand for photonics and datacenter applications and, to a lesser extent, hybrid bonding and mainstream electronics demand ● Orders of € 905.2 million rose € 470.6 million, or 108.3%, vs. YTD-25 due to growth across all end-user markets with strength in hybrid bonding, photonics and datacenter applications ● Besi’s gross margin of 64.9% increased by 1.8 points vs. YTD-25 primarily due to a more favorable product mix and the pass through of price increases to help offset higher supply chain costs ● Net income of € 24 7.8 million increased by € 159.0 million, or 179.1%, vs. YTD -25 primarily due to significantly higher revenue, higher gross margins and cost control efforts which limited operating expense development. Similarly, Besi’s net margin increased to 34.5% vs. 20.9% in YTD-25 Q4-26 Outlook ● Revenue expected to be flat to +/-5% vs. the € 283.4 million in Q3-26 as certain customers request delivery dates for Q3-26 orders in alignment with H1-27 production capacity plans ● Gross margin expected to range between 63-65% vs. the 65.2% realized in Q3-26 ● Operating expenses expected to increase by 5-10% vs. the € 55.1 million reported in Q3-26 due primarily to higher strategic consulting costs
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22 October 2026 2 (€ millions, except EPS) Q3- 2026 Q2- 2026 Δ Q3- 2025 Δ YTD- 2026 YTD- 2025 Δ Revenue 283.4 249.9 +13.4% 132.7 +113.6% 718.1 425.0 +69.0% Orders 342.6 292.9 +17.0% 174.7 +96.1% 905.2 434.6 +108.3% Gross Margin 65.2% 65.7% -0.5pts 62.2% +3.0pts 64.9% 63.1% +1.8pts Operating Income 129.7 108.8 +19.2% 34.1 +280.4% 302.4 116.8 +158.9% EBITDA 139.9 118.6 +18.0% 43.1 +224.6% 332.2 140.7 +136.1% Net Income 107.2 89.0 +20.4% 25.3 +323.7% 247.8 88.8 +179.1% Net Margin 37.8% 35.6% +2.2pts 19.0% +18.8pts 34.5% 20.9% +13.6pts EPS (basic) 1.33 1.11 +19.8% 0.32 +315.6% 3.10 1.12 +176.8% EPS (diluted) 1.33 1.11 +19.8% 0.32 +315.6% 3.09 1.12 +175.9% Net Cash and Deposits 246.6 164.0 +50.4% -7.8 N.M. 246.6 -7.8 N.M. Richard W. Blickman, President and Chief Executive Officer of Besi, commented: “Besi reported strong third quarter and year to date 2026 results as favorable order momentum continued for both our traditional and wafer level assembly systems. For the quarter, revenue of € 283.4 million increased by 13.4% and 113.6% versus Q2- 26 and Q3- 25, respectively. Year over year revenue growth was primarily due to increased dem and for computing end markets with strength in hybrid bonding, photonics and datacenter applications. Similarly, orders of € 342.6 million increased by € 49.7 million, or 17.0%, vs. Q2- 26 and € 167.9 million, or 96.1%, vs. Q3- 25, primarily due to increased orders for hybrid bonding, datacenter and AI related mainstream computing applications including power management. Besi’s orders for the last twelve months increased to € 1.2 billion as the expansion of digital infrastructure capacity significantly increased demand for Besi’s advanced packaging portfolio. We can report significant progress this quarter and this year on our wafer level assembly agenda. Year to date, hybrid bonding orders have more than doubled versus fiscal 2025 as orders for H BM applications increased, more logic chiplet programs entered production, co-packaged optics use cases expanded faster than anticipated and edge AI device production began. To date in 2026, hybrid bonding customer adoption grew to 23 customers and total cumulative unit demand exceeded 215 systems. In Q3-26, orders were received from customers for logic, co- packaged optics and memory end markets. Of note, we received orders for both hybrid bonding and TC Next systems from a leading memory customer as they focus on the development of current and next generation HBM device structures. Favorable order momentum in the first nine months of this year should continue in Q4- 26 as the multi year AI cap acity build- out progresses. We see strong demand continuing for datacenter and photonics applications from Asian subcontractors and market share gains in our addressable markets, particularly for Besi’s flip chip and multi module die attach systems. O ur results also indicate ongoing hybrid bonding capacity expansion planned by the leading industry players for logic, CPO and edge AI devices. Severe memory shortages this year have extended the use of lower stack heights in current HBM production beyond prior expectations. However, the need for higher power, energy efficient performance, bandwidth, interconnect density and speed has only increased interest in the use of hybrid bonding for HBM as the year has progressed. We anticipate that hybrid bonding will be adopted in a range of stack heights over the next two years and in new , innovative stacks combining HBM, custom advanced-logic base dies and the direct bonding of DRAM onto accelerator chips by the end of the decade. Our competitive position in wafer level assembly is very strong, further underscored by the progress we have made this year and our inclusion recently as an Innovation Partner at Applied Material’s EPIC Center showcasing both Besi’s hybrid bonding and TC Next solutions. We do not view ASML as a hybrid bonding competitor contrary to recent analyst reports . To the best of our knowledge, ASML is interested in a roadmap for 3D transistor stacking inside the chip over the next decade and not in competing with Besi in
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22 October 2026 3 the area of die to wafer hybrid bonding. In fact, ASML and Besi are jointly working together on die stress programs to improve placement accuracy , and consequently throughput, as well as other mutually beneficial areas of collaboration. Q3-26 net income of € 107. 2 million increased by 20.4% versus Q2-26 and 323.7% versus Q3-25. Strong profit growth versus Q3-25 was principally due to higher revenue, improving gross margins and disciplined expense management which has significantly limited overhead development during the current revenue ramp. In fact, baseline operating expenses as a percentage of revenue decreased from 32.0% in Q3- 25 to 16.4% in Q3 -26 underscoring the operative leverage in our business model . As a result , net margins increased to 37.8% in Q3 -26, double the level of Q3 -25. In addition, increased profitability and careful working capital management have contributed to steady improvement in our liquidity position this year. Net cash reached € 246.6 million at September 30, 2026, an increase of € 254.4 million versus September 30, 2025. As a result, we will increase our share buyback program to € 100 million for the annual period starting October 27, 2026. Year to date results also confirm the strength of Besi’s advanced packaging portfolio in the present AI capex cycle. Revenue of € 718.1 million increased by € 293.1 million, or 69.0%, vs. YTD-25 primarily due to broad- based growth in computing end markets and, to a lesser extent, an increase in mobile shipments. Some modest recovery in more traditional automotive, industrial and non AI computing markets has also been experienced. YTD-26 orders of € 905.2 million were up € 470.6 million, or 108.3%, vs. YTD-25 due to growth across all end-user markets with strength in hybrid bonding, photonics and datacenter applications. Further, net income of € 247 .8 million increased 179. 1%, vs. YTD-25 primarily due to significantly higher revenue and gross margins primarily due to a more favorable product mix and the pass through of price increases to help offset higher supply chain costs. Combined with ongoing cost control efforts, net margins increased to 34.5% versus 20.9%. Based on our backlog and feedback from customers, we anticipate that Besi’s Q 4-26 revenue will be flat +/- 5% as certain customers request delivery dates for Q3- 26 orders in alignment with H1- 27 production capacity plans. In addition, gross margins are anticipated t o range between 63-65% and operating expenses are anticipated to increase 5-10% vs. Q3 -26 due primarily to increased strategic consulting costs.” Share Repurchase Activity During the quarter, Besi spent € 15.8 million to repurchase approximately 75,000 of its ordinary shares at an average price of € 210.67 per share. At the end of Q3-26, Besi held approximately 0.4 million shares in treasury, equivalent to 0.5% of shares outstanding. The current € 60 million share repurchase program is expected to be completed on October 26, 2026. New € 100 Million Share Repurchase Program Besi will initiate a new € 100 million share repurchase program effective October 27, 2026. The program is aimed at general capital reduction purposes and to help offset dilution from share issuance related to employee stock plans. It will be funded using Besi’s available cash resources and is expected to be completed by October 2027. At present, Besi has authority until October 23, 2027, to purchase up to 10% of its shares issued, or approximately 8.1 million shares. The program will be executed in accordance with industry best practices and in compliance with European buyback rules and regulations and may be suspended or discontinued at any time. The program will be managed by an independent brokerage firm. All purchases will be executed through Euronext Amsterdam and Multilateral Trading Facilities as defined by the Directive 2014/65/EU of the European Parliament and of the Council of May 15, 2014 on markets in financial instruments and subject to the rules of the relevant Exchange.
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22 October 2026 4 Investor and media conference call A conference call and webcast for investors and media will be held today at 4:00 pm CET (10:00 am EDT). To register for the conference call and/or to access the audio webcast and webinar slides, please visit www.besi.com. To register for the conference call, please click HERE. To view the audio webcast, please click HERE. Important Dates ● Publication Q4/full year 2026 results February 25, 2027 ● Publication Q1-2027 results April 22, 2027 ● Besi’s 2027 AGM April 22, 2027 Basis of Presentation The accompanying Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Union. Reference is made to the Summary of Significant Accounting Policies to the Notes to the Consolidated Financial Statements as included in our 2025 Annual Report, which is available on www.besi.com. Contacts: Richard W. Blickman, President & CEO Andrea Kopp-Battaglia, Senior Vice President Finance Claudia Vissers, Executive Secretary/IR coordinator Edmond Franco, VP Corporate Development/US IR coordinator Mark van der Geest, Director Investor Relations Tel. (31) 26 319 4500 investor.relations@besi.com About Besi Besi is a leading manufacturer of assembly equipment supplying a broad portfolio of advanced packaging solutions to the semiconductor and electronics industries. We offer customers high levels of accuracy, reliability and throughput at a lower cost of ownership with a principal focus on wafer level and substrate assembly solutions. Customers are primarily leading semiconductor manufacturers, foundries, assembly subcontractors and electronics and industrial companies. Besi’s ordinary shares are listed on Euronext Amsterdam (symbol: BESI). Its Level 1 ADRs are listed on the OTC markets (symbol: BESIY) and its headquarters are located in Duiven, the Netherl ands. For more information, please visit our website at www.besi.com. Caution Concerning Forward-Looking Statements This press release contains statements about management's future expectations, plans and prospects of our business that constitute forward- looking statements, which are found in various places throughout the press release, including, but not limited to, statements relating to expectations of orders, net sales, product shipments, expenses, timing of purchases of assembly equipment by customers, gross margins, operating results and capital expenditures. The use of words such as “anticipate”, “estimate”, “expect”, “can”, “intend”, “believes”, “may”, “plan”, “predict”, “project”, “forecast”, “will”, “would”, and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The financial guidance set forth under the heading “Outlook” contains such forward-looking statements. While these forward-looking statements represent our judgments and expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from those contained in forward- looking statements, including any inability to maintain continued demand for our products; failure of anticipated orders to materialize or postponement or cancellation of orders, generally without charg es; the volatility in the demand for semiconductors and our products and services; failure to develop new and enhanced products and introduce them at competitive price levels; failure to adequately manage costs and expenses in line
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22 October 2026 5 with revenue; loss of significant customers, including through industry consolidation or the emergence of industry alliances; lengthening of the sales cycle; acts of terrorism and violence; disruption or failure of our information technology systems; consolidation activity and industry alliances in the semiconductor industry that may result in further increased customer concentration, inability to forecast demand and inventory levels for our products; the integrity of product pricing and protection of our i ntellectual property in foreign jurisdictions; risks, such as changes in trade regulations, conflict minerals regulations, currency fluctuations, political instability and war, associated with substantial foreign customers, suppliers and foreign manufacturing operations, particularly to the extent occurring in the Asia Pacific region where we have a substantial portion of our production facilities; potential instability in foreign capital markets; the risk of failure to successfully manage our diverse operations; any inability to attract and retain skilled personnel, including as a result of restrictions on immigration, travel or the availability of visas for skilled technology workers; and the other risks detailed in the Risk Management section of our Annua l Report. We expressly disclaim any obligation to update or alter these forward- looking statements for revisions or changes whether as a result of new information, future events or otherwise after the date of this release. In addition, the United States and other countries have recently levied tariffs and taxes on certain goods and could significantly increase or impose new tariffs on a broad array of goods. They have imposed, and may continue to impose, new trade restrictions and export regulations. Increased or new tariffs and additional taxes, including any retaliatory measures, trade restrictions and export regulations, could negatively impact end- user demand and customer investment in semiconductor assembly equipment, increase Besi’s supply chain complexity and manufacturing costs, decrease margins, reduce the competitiveness of our products or restrict our ability to sell products, provide services or purchase necessary equipment and supplies. Any or all of the foregoing factors could have a material and adverse effect on our business, results of operations or financial condition. In addition, investors should consider those additional risk factors set forth in Besi's annual report for the year ended December 31, 2025 and other key factors that could adversely affect our businesses and financial performance contained in our filings and reports, including our statutory consolidated statements. We expressly disclaim any obligation to update or alter our forward- looking statements whether as a result of new information, future events or otherwise.
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22 October 2026 6 Consolidated Statements of Operations (€ thousands, except share and per share data) Three Months Ended September 30, (unaudited) Nine Months Ended September 30, (unaudited) 2026 2025 2026 2025 Revenue 283,400 132,731 718,145 424,977 Cost of sales 98,630 50,110 251,932 156,943 Gross profit 184,770 82,621 466,213 268,034 Selling, general and administrative expenses 31,550 28,340 93,813 91,927 Research and development expenses 23,541 20,187 70,010 59,260 Total operating expenses 55,091 48,527 163,823 151,187 Operating income 129,679 34,094 302,390 116,847 Financial expense, net 6,075 5,128 17,592 13,780 Income before taxes 123,604 28,966 284,798 103,067 Income tax expense 16,411 3,686 37,024 14,231 Net income 107,193 25,280 247,774 88,836 Net income per share – basic 1.33 0.32 3.10 1.12 Net income per share – diluted 1.33 0.32 3.09 1.12 Number of shares used in computing per share amounts: - basic - diluted 1 80,787,473 80,897,783 79,053,456 81,171,504 80,029,740 80,938,018 79,154,770 81,326,814 1) The calculation of diluted income per share assumes the exercise of equity settled share based payments and the conversion of all Convertible Notes outstanding during the period reported
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22 October 2026 7 Consolidated Balance Sheets (€ thousands) September 30, 2026 (unaudited) June 30, 2026 (unaudited) March 31, 2026 (unaudited) December 31, 2025 (audited) ASSETS Cash and cash equivalents 371,886 349,094 361,438 372,986 Deposits 220,000 160,000 250,000 170,000 Trade receivables 274,641 254,076 186,410 173,651 Inventories 122,703 116,945 112,610 104,071 Other current assets 38,595 32,053 32,221 36,276 Total current assets 1,027,825 912,168 942,679 856,984 Property, plant and equipment 58,460 55,999 53,160 54,281 Right of use assets 11,582 12,395 13,178 13,700 Investment property 4,949 4,992 5,035 5,078 Goodwill 45,146 45,114 45,030 44,834 Other intangible assets 102,375 105,530 105,526 104,538 Deferred tax assets 14,544 19,944 23,916 25,111 Other non-current assets 2,851 6,683 10,428 9,221 Total non-current assets 239,907 250,657 256,273 256,763 Total assets 1,267,732 1,162,825 1,198,952 1,113,747 Trade payables 90,559 84,077 68,229 56,524 Other current liabilities 138,495 128,899 130,838 97,801 Total current liabilities 229,054 212,976 199,067 154,325 Long-term debt 345,298 345,084 508,137 507,001 Lease liabilities 10,032 10,545 10,976 11,316 Deferred tax liabilities 10,248 10,169 10,892 10,851 Other non-current liabilities 11,017 10,799 12,934 13,857 Total non-current liabilities 376,595 376,597 542,939 543,025 Total equity 662,083 573,252 456,946 416,397 Total liabilities and equity 1,267,732 1,162,825 1,198,952 1,113,747
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22 October 2026 8 Consolidated Cash Flow Statements (€ thousands) Three Months Ended September 30, (unaudited) Nine Months Ended September 30, (unaudited) 2026 2025 2026 2025 Cash flows from operating activities: Income before income tax 123,604 28,966 284,798 103,067 Depreciation and amortization 10,202 9,051 29,808 23,816 Share based payment expense 4,619 3,708 14,747 12,491 Financial expense, net 6,075 5,128 17,592 13,780 Changes in working capital (30,333) 19,278 (74,298) 6,134 Interest (paid) received (4,314) (4,101) (9,953) (3,262) Income tax paid (2,739) (2,270) (14,841) (25,833) Net cash provided by operating activities 107,114 59,760 247,853 130,193 Cash flows from investing activities: Capital expenditures (2,825) (1,127) (6,923) (14,624) Capitalized development expenses (5,651) (6,364) (17,464) (20,421) Acquisition of investment property - - - (5,206) Repayments of (investments in) deposits (60,000) (10,000) (50,000) 160,000 Net cash provided by (used in) investing activities (68,476) (17,491) (74,387) 119,749 Cash flows from financing activities: Proceeds from (payments of) bank lines of credit - - - (776) Proceeds from (payments of) debt - - - (2,042) Payments of lease liabilities (943) (886) (2,817) (3,111) Purchase of treasury shares (15,759) (23,107) (44,656) (65,892) Withholding tax on share buyback - - (2,416) - Dividends paid to shareholders - - (125,368) (172,811) Net cash used in financing activities (16,702) (23,993) (175,257) (244,632) Net increase (decrease) in cash and cash equivalents 21,936 18,276 (1,791) 5,310 Effect of changes in exchange rates on cash and cash equivalents 856 115 691 932 Cash and cash equivalents at beginning of the period 349,094 330,170 372,986 342,319 Cash and cash equivalents at end of the period 371,886 348,561 371,886 348,561
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22 October 2026 9 Supplemental Information (unaudited) (€ millions, unless stated otherwise)* REVENUE Per geography: China 97.1 34% 98.3 39% 84.2 46% 74.7 45% 54.5 41% 37.5 25% 40.5 28% Asia Pacific (excl. China) 158.6 56% 120.9 49% 75.2 41% 65.6 39% 54.3 41% 66.1 45% 56.3 39% EU / USA / Other 27.7 10% 30.7 12% 25.5 13% 26.1 16% 23.9 18% 44.5 30% 47.3 33% Total 283.4 100% 249.9 100% 184.9 100% 166.4 100% 132.7 100% 148.1 100% 144.1 100% ORDERS Per geography: China 137.5 40% 102.4 35% 92.9 34% 112.1 45% 65.6 38% 44.4 35% 39.7 30% Asia Pacific (excl. China) 167.5 49% 162.5 55% 142.5 53% 113.6 45% 80.1 46% 60.7 47% 51.7 39% EU / USA / Other 37.6 11% 28.0 10% 34.3 13% 24.7 10% 29.0 16% 22.9 18% 40.5 31% Total 342.6 100% 292.9 100% 269.7 100% 250.4 100% 174.7 100% 128.0 100% 131.9 100% Per customer type: IDM 140.4 41% 109.5 37% 81.0 30% 99.5 40% 70.6 40% 71.9 56% 48.1 36% Foundries/Subcontractors 202.2 59% 183.4 63% 188.7 70% 150.9 60% 104.1 60% 56.1 44% 83.8 64% Total 342.6 100% 292.9 100% 269.7 100% 250.4 100% 174.7 100% 128.0 100% 131.9 100% HEADCOUNT Fixed staff (FTE) 2’001 83% 1’952 84% 1’902 86% 1’856 95% 1’840 88% 1’831 88% 1’820 88% Temporary staff (FTE) 402 17% 359 16% 315 14% 108 5% 245 12% 239 12% 251 12% Total 2’403 100% 2’311 100% 2’217 100% 1’964 100% 2’085 100% 2’070 100% 2’071 100% OTHER FINANCIAL DATA Gross profit 184.8 65.2% 164.1 65.7% 117.4 63.5% 106.2 63.9% 82.6 62.2% 93.7 63.3% 91.7 63.6% Selling, general and admin expenses: As reported 31.6 11.2% 32.2 12.9% 30.1 16.3% 28.3 17.0% 28.3 21.3% 30.6 20.7% 33.0 22.9% Share-based compensation expense (4.6) -1.7% (5.1) -2.1% (5.0) -2.7% (3.9) -2.3% (3.7) -2.8% (4.3) -2.9% (4.4) -3.1% SG&A expenses as adjusted 27.0 9.5% 27.1 10.8% 25.1 13.6% 24.4 14.7% 24.6 18.5% 26.3 17.8% 28.6 19.8% Research and development expenses: As reported 23.5 8.3% 23.1 9.2% 23.4 12.7% 21.7 13.0% 20.2 15.2% 19.6 13.2% 19.5 13.5% Capitalization of R&D charges 5.7 2.0% 6.1 2.4% 5.7 3.1% 5.6 3.4% 6.4 4.8% 7.3 4.9% 6.7 4.6% Amortization of intangibles** (6.1) -2.1% (5.9) -2.3% (5.9) -3.3% (6.1) -3.7% (5.6) -4.2% (3.9) -2.6% (3.7) -2.5% R&D expenses as adjusted 23.1 8.2% 23.3 9.3% 23.2 12.5% 21.2 12.7% 21.0 15.8% 23.0 15.5% 22.5 15.6% F inancial expense (income), net: Interest income (3.1) (2.8) (2.8) (2.9) (2.7) (3.4) (5.0) Interest expense 4.4 5.2 6.1 6.3 6.1 6.4 6.3 Net cost of hedging 4.3 3.5 2.5 2.1 2.4 2.3 1.8 Foreign exchange effects, net 0.5 0.4 (0.6) (0.2) (0.7) 0.4 (0.1) Total 6.1 6.3 5.2 5.3 5.1 5.7 3.0 Operating income (as % of net sales) 129.7 45.8% 108.8 43.5% 63.9 34.6% 56.2 33.8% 34.1 25.7% 43.5 29.4% 39.3 27.2% EBITDA (as % of net sales) 139.9 49.4% 118.6 47.5% 73.7 39.9% 66.1 39.7% 43.1 32.5% 50.9 34.4% 46.6 32.3% Net income (as % of net sales) 107.2 37.8% 89.0 35.6% 51.6 27.9% 42.8 25.7% 25.3 19.0% 32.1 21.6% 31.5 21.9% Effective tax rate 13.3% 13.1% 12.2% 15.9% 12.7% 15.2% 13.2% Income per share Basic 1.33 1.11 0.65 0.54 0.32 0.40 0.40 Diluted 1.33 1.11 0.65 0.54 0.32 0.40 0.40 Average shares outstanding (basic) Shares repurchased Amount 15.8 14.7 14.2 16.1 23.1 20.7 22.1 Number of shares G ross cash 591.9 509.1 611.4 543.0 518.6 490.2 685.7 Net cash 246.6 164.0 103.3 36.0 (7.8) (36.0) 159.4 * Totals may not add up exactly due to rounding. ** Q4-2025 includes € 0.3 million impairment loss. 56’860 Q2-2026 Q2-2026 June 30, 2026 Q2-2026 80’042’363 186’869 Q1-2025 Q1-2025 Mar 31, 2025 Q1-2025 79’228’071 195’647 Q2-2025 Q2-2025 Jun 30, 2025 Q2-2025 79’184’703 192’461 Q3-2025 Q3-2025 Sep 30, 2025 Q3-2025 79’053’456 117’427 Q4-2025 Q4-2025 Dec 31, 2025 Q4-2025 78’933’437 81’817 Q1-2026 Q1-2026 Mar 31, 2026 Q1-2026 79’242’404 74’730 Q3-2026 Q3-2026 Sept 30, 2026 Q3-2026 80’787’473