拓乐预计2026年营收持平或下滑 2027年将迎来增长

Core Viewpoint - The Dutch positioning technology company, Tallysman, is expected to see its revenue remain flat or decline in 2026 due to the impact of business transformations among some clients [1][3]. Group 1: Revenue Projections - The company forecasts its 2026 revenue to be between €495 million and €555 million (approximately $586 million to $657 million), compared to €555 million in the previous year, which fell short of analyst consensus expectations of €561 million [1][3]. - The core positioning technology business is projected to generate revenue between €435 million and €485 million in 2026, with 2025 revenue for this segment recorded at €482 million [2][4]. Group 2: Profitability and Orders - The company anticipates that the operating profit margin for its core positioning technology business will exceed 3% in 2026, a significant increase from 0% in 2025 [2][4]. - As of the end of 2025, the order backlog for the automotive business segment is expected to reach a record high of €2.4 billion [2][4]. Group 3: Future Outlook - CFO Taco Titulaer indicated that the revenue impact from client business transformations is temporary, and the company expects to return to a growth trajectory in 2027, supported by an optimized customer structure and a strong order reserve [1][3].