on Q.beyond AG (ETR:QBY)
Q.beyond Accelerates AI Transformation Amid Financial Adjustments
q.beyond AG, an IT services provider, reported an adjusted EBITDA margin of 6% for Q2 2026, maintaining its previous year’s level. The company plans to accelerate its AI transformation, resulting in one-off transformation expenses estimated between €5 million and €6 million. Share buybacks are also slated for the end of August.
CEO Thies Rixen states the company aims to leverage AI to enhance efficiency, projecting annual savings of €7 million from 2027 onward. The new AI-driven location in Cluj, Romania, is expected to save over €1 million annually starting next year. As a result, q.beyond forecasts a reduction in their annual revenue outlook to €176 million - €180 million, down from previous estimates.
Despite the anticipated financial strain due to transformation expenses, q.beyond remains focused on its 2028 Strategy, prioritizing market expansion and AI portfolio development. With €41 million in net liquidity, q.beyond has planned share buybacks to optimize capital allocation.
R. E.
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