Frequentis AG/€FQT

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About Frequentis AG

Frequentis AG, headquartered in Vienna, Austria, develops and markets communication and information systems for safety-critical control centers. Its core business spans two segments: Air Traffic Management (ATM), encompassing civil and military air traffic control and air defense, and Public Safety & Transport, serving police, fire brigades, emergency rescue services, railways, coastguards, and port authorities. Founded in 1947, the company has expanded its global presence, operating in over 50 countries with products and solutions deployed in approximately 150 countries. Frequentis holds a significant market position in voice communication systems for air traffic control, with a market share of around 30%.
Ticker
€FQT
Sector
Industrials
Primary listing
XETRA
Employees
2,895
Headquarters
Vienna, Austria
Website
www.frequentis.com/de

Frequentis AG Metrics

BasicAdvanced
€880M
20.23
€3.28
0.38
€0.30
0.45%

Bulls say / Bears say

Frequentis delivered 44.8% first-half revenue growth, 17.0% order-intake growth and a record €835 million order book. Management has raised 2026 revenue-growth guidance to about 15% while retaining its roughly 7% EBIT-margin target. (Reuters)
The US air-traffic-control modernisation programme is becoming a tangible source of delivery visibility: Frequentis has produced 15,000 protocol converters and is building 63 X10 voice systems for delivery by early 2027. This supports demand beyond the current reporting period. (Aviation Week)
Frequentis is widening its growth options in mission-critical broadband communications by taking a 51% stake in Nemergent. The MissionX ecosystem targets public safety, defence, critical infrastructure and rail, giving the company exposure beyond its established air-traffic-management franchise. (Reuters, Lyfo)
The exceptional first-half result is partly a timing benefit, not a clean run-rate: several milestones planned for the second half were completed early. Management says this shift is not sustainable, so the second half faces tougher delivery and earnings comparisons. (Reuters)
Profitability remains exposed to execution and input costs. Materials and purchased services rose faster than sales, while management cited IT-hardware shortages, long lead times, inflation, project start-up costs and investment in MCX and FRMCS as pressures on the 2026 margin. (StockAnalysis)
The shares may already discount much of the improvement: BankM described Frequentis as trading on a 2026 price-to-earnings ratio above 30 and kept a Hold rating. That leaves less room for disappointment if growth normalises or project margins weaken. (BankM)
Data summarised monthly by Lightyear AI. Last updated on 24 Sept 2026.

Funds containing Frequentis AG

AllEURGBP
Funds
Fund name
Fund size
€FQT weighting
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.01%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.01%
SPDR MSCI All Country World IM€SPYI
€7.5B0.00%
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Market data provided by CBOE Europe and Deutsche Börse.