Intelligent Automation Solutions segment
Business performance and level of orders
The order situation in the Intelligent Automation Solutions segment was very satisfying overall in the six months under review. Although order intake at €1,824.5 million was lower than in the prior-year period (H1 2025: €2,201.2 million), the decrease was attributable to the exceptionally high comparative figure resulting from the record order intake registered in the project business in the second quarter of 2025. Order intake in the service business remained robust, with a moderate increase compared with the first half of 2025.
The Intelligent Automation Solutions segment’s order book grew to €2,953.5 million as at June 30, 2026 (December 31, 2025: €2,688.4 million). Currency effects – primarily in relation to the stronger US dollar – increased the order book for the segment by a total of €77.5 million.
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
||
|---|---|---|---|---|---|---|---|---|
Total revenue |
861.1 |
698.1 |
23.3% |
1,629.2 |
1,385.8 |
17.6% |
||
EBITDA |
84.1 |
66.1 |
27.2% |
153.8 |
120.1 |
28.0% |
||
Adjusted EBITDA |
84.4 |
62.2 |
35.7% |
154.1 |
117.4 |
31.2% |
||
EBIT |
41.3 |
29.1 |
42.2% |
67.2 |
42.1 |
59.7% |
||
Adjusted EBIT |
59.8 |
42.0 |
42.5% |
106.0 |
78.4 |
35.3% |
||
|
|
|
|
|
|
|
||
Adjusted EBITDA margin |
9.8% |
8.9% |
– |
9.5% |
8.5% |
– |
||
Adjusted EBIT margin |
7.0% |
6.0% |
– |
6.5% |
5.7% |
– |
||
|
|
|
|
|
|
|
||
Order intake |
873.3 |
1,445.4 |
−39.6% |
1,824.5 |
2,201.2 |
−17.1% |
||
Order book1 |
|
|
|
2,953.5 |
2,688.4 |
9.9% |
||
|
||||||||
Revenue
The total revenue of the Intelligent Automation Solutions segment rose by 17.6 percent to €1,629.2 million in the first six months of 2026 (H1 2025: €1,385.8 million). Revenue in the project business (business solutions) grew significantly year on year thanks to an improved level of orders on hand. The service business, by contrast, was unable to match the high level of revenue generated in the prior-year period. The proportion of the segment’s revenue from external customers accounted for by the service business returned to a normal level, by historical standards, of 37.0 percent in the reporting period (H1 2025: 45.5 percent).
Further details concerning revenue generated from external customers in the Intelligent Automation Solutions segment can be found in the table ‘Revenue from third parties by product category’.
Earnings
The Intelligent Automation Solutions segment’s adjusted EBIT rose sharply to €106.0 million in the first six months of 2026 (H1 2025: €78.4 million). A major factor influencing this growth was the increased contribution to earnings from the project business, which more than made up for the decline in revenue in the high-margin service business. The segment’s earnings were also boosted by the lower value of employees’ long-term variable remuneration as a result of share price movements. The adjusted EBIT margin improved to 6.5 percent (H1 2025: 5.7 percent).
After taking into account non-recurring items and purchase price allocation effects, the segment’s EBIT amounted to €67.2 million (H1 2025: €42.1 million).
Adjusted EBITDA improved to €154.1 million (H1 2025: €117.4 million). The adjusted EBITDA margin was 9.5 percent (H1 2025: 8.5 percent).