CHAPTERS Group AG (CHG) Earnings Call Transcripts

CHAPTERS Group AG's Latest Earnings Call - June 2, 2026

In the interim results for the six months ending April 30, 2026, Chemring Group PLC reported a revenue increase of 7% year-over-year, driven by strong performance in Countermeasures & Energetics and a record order book of GBP 1.4 billion. Operating profit and margin experienced a decline, impacting EPS, while cash conversion was lower at 42% due to working capital investments. Management maintained full-year guidance, citing 91% of expected revenue already delivered or in the order book, indicating confidence in meeting targets despite geopolitical uncertainties.

Reported metrics

Guidance from management

Management maintained FY '26 guidance, supported by 91% order cover and an expected improvement in cash conversion to 80%-85% for the full year.

What management said

So I think it's really difficult, Sash, to, like you say, to look into the MOD's mind and understand how they're going to profile that program. And no doubt as with everything associated with defense procurement here in the U.K., it's caught up in the inevitable discussions around the defense investment plan and whatever. I think the one thing I would say about Storm is, is that integrated air and missile defense of ...

Yes. I think we're finding it's very much a customer that seems to have a kind of healthy budget. We're seeing growth in that area, certainly a stabilization and growth in the second half. And so yes, we talk about that GBP 40 million of renewals already this year. We're pretty confident that the rest of them will come through. Remember, these are always work packages that we're currently working on and so it's exten...

What analysts pressed on

Analysts expressed concerns about the lower-than-expected margins in Sensors & Information and the impact of delayed U.K. MoD orders on future performance. There were also questions regarding the sustainability of demand in the Energetics segment amid geopolitical uncertainties.

Main topics on the call

• Record Order Book — Chemring's order book reached a record GBP 1.4 billion, up 8% year-over-year, providing 91% cover for expected 2026 revenue. Management stated, "Our record order book provides 91% cover for the rest of the year, that's u...
• Revenue Growth in Key Segments — Countermeasures & Energetics saw revenue growth of 9%, with operating profit up 32% and margin at 18.4%. This segment's performance reflects "unprecedented demand" from customers, reinforcing Chemring's strategic positio...
• Challenges in Sensors & Information — While Sensors & Information returned to growth with a 3% revenue increase, margins were impacted by product mix and operational capability maintenance. Management noted, "Margins impacted by product mix and maintaining o...
• Cash Conversion and Working Capital — Cash conversion was reported at 42%, lower than expected due to increased safety stocks and inventory for H2 deliveries. Management anticipates improvement in H2 conversion, projecting full-year guidance of 80% to 85%.

Read the full CHAPTERS Group AG transcript (June 2, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 16 CHAPTERS Group AG earnings call transcripts on record, spanning June 3, 2020 to July 15, 2026. Based on this history, CHAPTERS Group AG reports semi-annually. The most recent call on file is dated July 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CHG

Exchange

XTRA

Country

DE

Sector

Financials

Industry

Financial Services

Calls on record

16

First call

June 3, 2020

Most recent

July 15, 2026

Reporting cadence

semi-annually