Turnover shrank by around 20% to RON36.6 million.
The evolution was influenced by the impact of IFRS15 on IAR Brasov, MApN, and Avioane Craiova (a decrease of 5.7 million in revenue), as well as the delay in invoicing and delivery of certain products related to IAR Brasov and Avioane Craiova customers, in Q2 and Q3 2026.
TBM has set itself the target of achieving a net profit margin of 8%, the average of the MRO industry in the last decade. In recent years, the margin of European MRO companies has varied between 7% and 9%. For example, Lufthansa Technik reported a decline in its margin from approximately 9.3% in 2023 to about 8.8% in 2024, continuing to fall to approximately 7.5% in 2025, primarily due to rising costs for materials and labor, as well as supply chain pressures.
The company’s shares have lost 25.5% in the past year, amid a RON104 million capitalization.
(English version by Catalina Apostoiu)