PSI SE Maintains Strong Growth Prospects Despite Q2 Challenges

PSI SE reported a 4.8% sales increase to €65.0 million in Q2 2025, though adjusted EBIT was lower than expected at €1.4 million. The performance lag was primarily attributed to the Process Industries and Metals segment, notably its U.S. operations. The steel capacity expansion in the U.S. is anticipated to boost results in the latter half of the year.

Order intake dropped 11.9% to €52 million, influenced by past disruptions and the allocation of resources to a major E.ON order. Despite these challenges, strong Q1 performance and anticipated recovery suggest PSI could surpass management's 10% order growth forecast for the year.

First Berlin Equity Research maintains a "Buy" rating for PSI SE with a target price of €40, citing a potential 43% upside.