Wolftank Group AG

Wolftank Group: Remediation, Above and Below the Line

The 2026 turnaround narrative rests on a 2025 base year whose reported profit was produced by an internal revaluation; the operating business lost roughly €3m, minority shareholders own the profitable half of the group, and €27.7m of bank debt matures within twelve months. Against that: a genuinely strong Q1 and an order backlog whose arithmetic raises a €40m question.