Gabler Group AG, a developer and manufacturer of mission-critical subsea technologies, has published its results for the first nine months of fiscal year 2026, reporting consolidated revenue of EUR 49.8 million and adjusted EBIT of EUR 15.6 million. The adjusted EBIT margin stood at 29.3%, excluding IPO-related expenses and income as well as goodwill amortization. In the third quarter alone, the company generated revenue of EUR 22.5 million and adjusted EBIT of EUR 8.9 million, a performance it described as particularly strong and one that keeps it on track to achieve full-year targets.
Order intake during the nine-month period totaled EUR 65.3 million. Total order backlog rose to EUR 393.2 million as of 30 September 2026, up from EUR 390.4 million at 30 June 2026 and EUR 358.7 million at 31 December 2025. This backlog corresponds to more than five times the revenue expected for fiscal year 2026, with around 77% expected to convert into revenue over the next three to five years. The figures were released via NEWMEDIAWIRE.
Against this backdrop, Gabler is raising its revenue guidance for fiscal year 2026 to over EUR 71 million, previously a range of EUR 69 million to EUR 71 million. It is also refining its earnings guidance and now expects adjusted EBIT of over EUR 18 million, compared with a prior range of EUR 17 million to EUR 19 million, implying an adjusted EBIT margin of over 24%. The company has additionally increased its medium-term revenue target for a period of three to five years from over EUR 100 million to over EUR 120 million. Shares are identified by ISIN DE000A421RZ9.
CEO David Schirm attributed the strong third quarter to consistent implementation of the growth strategy outlined at the time of the company's initial public offering. He noted that the order backlog provides excellent visibility for coming years while the company invests in capacity, technology, and international market presence. CSO Ole Johannsen highlighted four strategic initiatives intended to unlock additional organic growth: torpedo tube launchable unmanned surface vehicles, Diver Homing technology for navigation and communication of combat divers, the Gabler Integrated Subsea Intelligence ecosystem for underwater situational awareness, and expansion in the United States.
Operationally, Gabler acquired 75% of the shares in DECK Marine Systems OÜ, based in Tallinn, Estonia, on 16 October 2026. DECK develops and manufactures systems for the deployment, recovery and positioning of sensors and unmanned underwater vehicles and has been included in consolidated financial statements since completion of the transaction. Gabler Group USA Corporation was also established as the company's own entity for its U.S. market entry. The first-time consolidation of DECK in the fourth quarter is expected to have only a minor impact on revenue and earnings for the current fiscal year, and the guidance takes these effects into account.
For investors and analysts, Gabler scheduled an earnings call with the Executive Board, during which Schirm and Johannsen were to discuss the Q3 2026 results and provide an update on business developments. Registration was available via Earnings Call – Q3 2026. The original release can be viewed on www.newmediawire.com.
The raised guidance and medium-term target signal confidence in Gabler's growth trajectory, underpinned by a substantial order backlog and strategic initiatives. For the defense and subsea technology sector, the results underscore sustained demand for mission-critical underwater systems. Gabler, founded in 1962 and headquartered in Lübeck, Germany, employs approximately 290 people and serves over 250 customers, including 25 navies. Its performance may offer a bellwether for defense-related subsea suppliers as geopolitical tensions drive investment in naval capabilities.
