Forecast report 2026: Growth with vision

MANN+HUMMEL expects a moderate revenue increase in the mid-single-digit percentage range for fiscal year 2026. We anticipate that the Life Sciences & Environment segment, starting from a lower base, will grow at a significantly higher percentage rate than the Transportation segment. As a result, the Life Sciences & Environment segment's share of total group revenue is expected to increase slightly.

At the same time, we currently anticipate that MANN+HUMMEL will achieve an EBIT margin in the mid-single-digit range, representing a slight improvement over fiscal year 2025. Our current expectation for return on capital employed (ROCE) is in the range of 14% to 15%. In addition, we expect free cash flow of approximately €180 million for fiscal year 2026. This projection takes into account not only operating earnings but also further improvements in working capital and a continued high level of capital expenditure.

Forecasts for global economic and automotive market developments continue to be shaped by geopolitical uncertainties. In particular, the military conflict between Iran on one side and the United States and Israel on the other, which escalated in late February 2026, has significantly heightened tensions in the Middle East. A further escalation or prolonged continuation of the conflict could affect the global economic environment through rising energy prices, potential disruptions to international trade routes, and increased volatility in commodity markets. The possible impact on industrial production trends, regional demand, and procurement and logistics structures cannot be reliably assessed at the time this report was prepared. Our outlook is therefore based on the information currently available and remains subject to further geopolitical developments.

Despite these uncertainties and risks, our primary objective is to continue improving the company's efficiency through targeted measures, thereby sustainably enhancing our margin quality. To that end, we continuously review and reassess our location strategy as well as our portfolio of filtration solutions and applications. Any necessary measures will be initiated as swiftly as possible.

Ludwigsburg, March 27, 2026

MANN+HUMMEL International Verwaltungs GmbH, Wiener Neudorf, Austria. Represented by the Management Board

Kurk Wilks – President & CEO

Emese Weissenbacher – EVP & COO

Helena Hofer – CFO