COPENHAGEN – GPV reported first quarter revenue of approximately $312 million, down 3% year over year, while profitability improved as restructuring measures implemented in 2025 began to take effect.

The company said demand remained generally steady, supported by strong order intake and a solid pipeline of new projects, although market conditions continue to be volatile.

GPV noted ongoing supply chain pressures, including shortages of memory chips driven by AI and data center demand, along with rising energy and logistics costs.

Strategic initiatives, including site consolidations and ERP implementation, contributed to improved utilization and operational performance during the quarter.

For full-year 2026, GPV maintained its outlook, expecting revenue between approximately $1.24 billion and $1.31 billion.