Outlook 2026

Vertex Industries enters 2026 with the strongest order book in its history: CHF 1.9 billion of backlog, a book-to-bill ratio of 1.12, and a net cash position of CHF 210 million. For the current year we guide to revenue growth of 15 to 18%, a software share above 38% of revenue, and an EBIT margin of around 17%. The drivers are already in place: Neura is set to grow from 1,400 to 4,000 customer sites, Kestrel’s warehouse robotics enter their first full year in the group, and the Winterthur campus reaches full capacity in the spring.

Two things we watch closely. Trade policy across our export markets has become harder to read, and lead times for power semiconductors remain volatile; both sit on the risk register with named owners and qualified second sources. Neither changes the direction of travel: every franc we invest moves the group further toward software-defined automation, and the 2026 plan is funded entirely from our own cash flow.