Business Performance –
The STIHL Founding Company

Revenue at the founding company increases to 1.9 billion euros

In the 2025 fiscal year, the founding company recorded significant sales growth of 13.4 percent (previous year: 3.3 percent) to 1,851 million euros. The increase in sales is largely due to pre-production carried out due to the introduction of SAP S/4HANA at the turn of the year 2025/2026. The export ratio remained at a very high level of 88.8 percent (previous year: 89.3 percent). The largest sales increases were recorded in the regions of Africa, South America, and Australia/Oceania.

High investment

Capital expenditure (property, plant, and equipment, as well as intangible assets) amounted to 175.2  million euros in the reporting year (2024: 133.3 million euros). A significant portion of the capital expenditure was accounted for by the acquisition of the Syntegon site and further construction projects at the Waiblingen locations. Additionally, major investments were made in new production facilities at the Waiblingen site.

Furthermore, there was increased investment in research and development concentrated at the founding company in Waiblingen, as well as in general IT infrastructure. As in previous years, investments in 2025 significantly exceeded depreciation.

Stable equity ratio of 37 percent

The equity ratio stands at 36.9 percent (previous year: 37.3 percent) and is therefore still at a high level. This means that a large portion of fixed assets and inventories is covered by equity. Total liquidity, including securities held as current and noncurrent assets, accounted for 16.2  percent of the balance sheet total. However, it should also be noted that these items are offset by high long-term obligations from the company pension plan.

Self-financed pension obligations at previous year’s level

The actuarial reports led to pension provisions and other liabilities from outstanding capital payments remaining at the same level as the previous year (increase in the previous year: 1.1 percent). The calculations are based on the Heubeck 2018 G mortality tables.