Aebi Schmidt Group reports a 33% increase in third quarter order intake, with a 6% rise in order backlog since June 2025. Group net sales reached $471 million, up 3% year-over-year, with adjusted EBITDA of $42.2 million. Synergies are materializing faster, supporting increased targets.
The company’s profitability has significantly improved following the acquisition of the Shyft Group. Order intake increased by 33.4% year-over-year, with a strong order backlog exceeding $1.1 billion. Sales reached $471.3 million, with positive net income achieved. Adjusted EBITDA rose to $42.2 million, a 25.2% increase year-over-year.
Aebi Schmidt Group focuses on working capital efficiency, identifying opportunities for improvement. Net working capital improved by 7.3% year-over-year to $451.5 million. Net debt increased by 5.0% to $468.6 million, driven by non-recurring expenses and high working capital needs. Strong positive cash flow is expected in the fourth quarter.
The company reaffirms its 2025 financial outlook, with sales projected at $1.85 to $2.0 billion and adjusted EBITDA expected to be $145 to $165 million. Aebi Schmidt Group aims to establish itself as a premier leader in the specialty vehicles market, targeting revenues of $3 billion and achieving a mid-teens adjusted EBITDA margin. Aebi Schmidt Group experienced a strong third quarter with a 33% increase in order intake and a 6% growth in order backlog since June 2025. Net sales reached $471 million, up 3% year-over-year, with an adjusted EBITDA of $42.2 million, marking a 25% increase. Synergies materialization supports an increased target of $40m. Investors and analysts can access the conference call and webcast for more details.
With headquarters in Switzerland, Aebi Schmidt Group, a world-class specialty vehicles leader, has generated pro-forma sales of $1.9 billion in 2024. The merger with The Shyft Group in July 2025 has positioned the Group for accelerated growth and exceptional value. The Group employs over 6,000 people and operates in Europe and North America.
Aebi Schmidt Group’s forward-looking statements include sales and earnings guidance for 2025 and beyond. The company’s strategic position, financial projections, and future plans are outlined, emphasizing the uncertainty of future events. The Group’s actual results may differ from anticipated outcomes, with risks and uncertainties impacting financial performance.
To supplement its financial reporting, Aebi Schmidt utilizes certain non-GAAP financial measures like Adjusted EBITDA and Net Debt to separate specific items’ impact from its underlying business performance. These adjusted financial results provide investors with a clearer understanding of the Group’s financial health and management performance. The Group presents combined non-GAAP financial measures for year-over-year comparability following the merger with Shyft. Aebi Schmidt Group reported a 33% increase in third-quarter order intake compared to last year, with a 6% growth in order backlog. Group net sales were $471 million, up 3% year-over-year, and adjusted EBITDA was $42.2 million, with a 25% improvement in margin. Synergies materialization accelerated, supporting growth ambitions.
Adjusted EBITDA for Aebi Schmidt Group showed a positive trend over the quarters in 2024 and 2025, with a notable increase in Q3 2025. Net debt also saw fluctuations during the same period, with a gradual increase from September 2024 to September 2025. Non-cash stock-based compensation expense was not included in the adjustments for historical comparisons.
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