PSI AG O.N. (alt)

The executive board now expects revenue growth of around 5 percent, order intake to stabilise at prior-year levels, and an adjusted EBIT margin of about 2 percent (previously around 4 percent). The cause are ongoing economic uncertainties, particularly weakness in the European steel market, which in the Process Industries & Metals segment is leading to significantly lower momentum, longer decision cycles, an expected revenue decline of around 15 percent and a slightly negative adjusted EBIT margin. For the Discrete Manufacturing and Logistics segments, management still expects—based on current assessments—to achieve the 2026 annual targets. » More on finanzen.net

PSI has acquired 100% of the shares of MTL Manufacturing & Equipment, a manufacturer of switchgear bases, enclosure assemblies and tanks for data centers. The transaction was financed from existing cash; financial details were not disclosed, and certain site-related liabilities were assumed. MTL operates two facilities in Beloit totaling 185,000 sq ft, is certified to UL142, ULC S601 and UL2085, and will be run by the existing management. The acquisition is intended to strengthen PSI’s enclosure manufacturing capacity and proximity to its current production sites. » More on de.investing.com