Overall Statement of the Management Board
Sales markets in the Uzin Utz Group's core and growth countries stabilized in 2025. While markets in Germany and France continued to show signs of decline, the rate of decrease was notably lower than what was observed in 2024. In the Netherlands and Switzerland, construction activity increased, although growth rates remained modest, at less than 1.0 % in both countries. The United Kingdom demonstrated the most significant expansion in percentage terms. In contrast, the U.S. experienced a 6.0 % surge in construction output the previous year, followed by a 1.0 % contraction in 2025. In the first, second, and fourth quarters of 2025, the Uzin Utz Group's revenue rose slightly compared to the previous year (Q1: +3.4 %, Q2: +4.5 %, Q4: +6.6 %), while revenue increased moderately in the third quarter (Q3: +10.1 %). Due to the favorable market conditions, the Group was able to achieve a 6.1% revenue increase, reaching EUR 505,079 thousand (476,034) in 2025.
The cost of materials ratio of 41.5 % (41.3 %) remained largely stable year-over-year. Due in part to an increased personnel expense ratio of 28,0 % (27,1)—resulting from workforce expansion and a wage increase in the German chemical industry in April 2025—as well as negative currency effects and U.S. tariff measures, EBIT declined slightly to EUR 40,432 thousand (42,815).
In 2025, our employees across the Group demonstrated their commitment to achieving the ambitious goals of the PASSION Strategy and to tackling future challenges. This commitment to excellence allows us to maintain the high standards of our products and services. We consider ourselves a comprehensive resource for flooring crafts, an industry innovator, and a top provider in the construction sector. For this reason, it is of crucial importance to expand growth potential in order to continue operating successfully and sustainably worldwide. We prioritize a focus on long-term and sustainable growth strategies to achieve continuous and substantial market share expansion. A key component of the new GROW BIGGER strategy, along with our dedicated employees and targeted investments in research and development at our global locations, is annual growth of 8–12 % p.a. This is to be achieved, in part, by tapping into new international markets. The Uzin Utz Group is committed to achieving and maintaining long-term financial stability as it continues to set new sales records.
As a long-established family business, we are committed to operating sustainably in every respect: economically, environmentally, and socially. These values are deeply ingrained in our corporate culture, enabling us to maintain employment even during challenging economic periods and to create new positions based on actual needs. At the core of our business is a relationship built on trust with our customers and partners, and the goal of creating genuine added value for them. For more information on our commitment to sustainability, please refer to our Sustainability Report and the Non-Financial Statement, which is available on our website, www.uzin-utz.com, in accordance with Sections 315b and 315c of the German Commercial Code (HGB).
The Uzin Utz share closed at EUR 70.0 on December 30, 2025, marking a 44.0 % gain. After beginning the year at EUR 48.2, the share price increased to a two-and-a-half-year high of EUR 65.0 in the first quarter, driven by robust financial results in 2024. The subsequent announcement of tariff measures by the U.S. president triggered corrections in the stock markets in April, leading to a decline in the Uzin Utz share price to EUR 51.5. The European Central Bank's decision to reduce interest rates, coupled with a substantial investment initiative by the German government, has provided a much-needed boost to the economy and the construction sector. The company's robust financial performance in the first half of the year led to a significant surge in its share price, reaching an annual high of EUR 77.0 in August. Subsequently, the share price stabilized around the EUR 73.0 mark until November. In the fourth quarter, growing economic pessimism and concerns about financing the substantial expenditures for AI infrastructure led to declines on the stock markets. The Uzin Utz share was not immune to the market environment, and it experienced a brief decline to EUR 67.0 in the last quarter. However, positive analyst commentary has contributed to a stabilizing effect.
The Management Board of Uzin Utz SE views developments in the 2025 reporting year as positive, given the challenging economic conditions. Despite declining growth in the construction industry in Germany and in the growth markets of France and the U.S., revenue slightly exceeded the previous year's level. The company achieved its highest revenue to date, surpassing the EUR 500 million mark for the first time. The strategic objective of generating revenue in excess of EUR 550 million has not yet been fully realized due to the persistent economic challenges previously outlined. Additionally, the EBIT margin was recorded at 8.0 %, aligning with the target established under the PROFIT dimension of the PASSION 2025 strategy.