Hydraulic Elements and Systems’ (HES) monthly sales decreased by 3.8% YoY to EUR 3.4m in May’26, in line with management’s expectations. Pre-tax profit for the month amounted to EUR 114k, compared to EUR 170 a year ago. Jan-May 2026 sales stood at EUR 19.1m (+11.1% YoY), while EBT came to EUR 1.8m (+39.7% YoY) on a margin of 9.4% (+1.9 p.p. YoY). June 2026 is expected to bring company revenue of EUR 3.9m (+4.1% YoY), which would bring YtD sales to EUR 23m (+9.8% YoY).