Circus

Kitchen-robot maker Circus cut its 2026 revenue forecast from €44–55 million to €5.2 million, after which the share price plunged within a day and investors raised critical questions about communication and business strategy. CEO Nikolas Bullwinkel admitted delays, reported 27 devices delivered so far (10 of them CA-1), and stressed a strategic shift toward lower-cost CA-A devices. Large announced rollouts with partners such as Mangal, Rewe, HEM and in China have not materialized, prompting investors to doubt scalability and the business model. Bullwinkel promises more deliveries in the third and fourth quarters and reaffirms his long-term commitment to the company. » More on wiwo.de

On 17.07.2026 Dr. Jan-Christian Heins acquired 5,004 Circus SE bearer shares at €2.15 each; the own-account transaction was published on 20.07.2026. In FSE trading the share initially fell by about 20.8% to €2.00, but closed on the publication day at €2.37 (+3.9%). Circus has a market value of around €55.87 million and a free float of 26,607,020 shares. » More on finanzen.net

Circus has reduced its 2026 revenue forecast from the previous €44–55 million to €5.2 million, after which the stock lost more than 50% at times. The company attributes the revision to a delay in rolling out new systems, while announced partner projects (including Mangal/Podolski, Strabag, HEM) have so far been barely implemented. At the same time, Circus reports an expected 2026 EBITDA of minus €17 million, a cash balance of €21.4 million, and plans a shareholder vote on possible capital increases; the CFO has also recently left. » More on wiwo.de

Circus has begun live operation of its robot-assisted troop supply technology for the 3rd Assault Brigade of the Ukrainian ground forces in the Kyiv area. Before deployment, the company received certification from the State Service of Ukraine for Food Safety, enabling import and scaled operation. The soldiers are being supplied with Circus’s complete technology portfolio (hardware, AI software and ingredients infrastructure). The deployment marks the market entry into Ukraine and follows earlier launches with the Bundeswehr and a contract award in Lithuania. » More on finanzen.net

Circus slows the pace of new system deployments and sharpens its focus on operational scalability and unit economics. The 2026 revenue forecast is cut to EUR 5.2 million (previously EUR 44–55 million), and the EBITDA forecast is lowered to around EUR -17 million (previously -6 to -8 million), as many system deliveries are postponed to 2027. The company will concentrate 2026 deliveries on selected customers in institutional catering and defense, says it remains adequately financed, and will provide further details in its Q2 operational update. » More on de.investing.com