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ALSO
ALSO (ALSN) investor relations material
ALSO H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary17 Feb, 2026
Executive summary
Net sales before PvA rose 39% year-over-year to €15,244M, with strong growth across all business segments.
EBITDA increased 22% to €286M, reflecting operational improvements and successful integration of acquisitions.
Cash position improved by €99M to €830M, supporting a higher proposed dividend.
Financial highlights
Supply segment sales up 53% to €9,723M; Solutions up 16% to €3,806M; Service up 30% to €1,715M; Cloud up 38% to €1,568M year-over-year.
Gross profit increased 30% to €899M; net profit slightly decreased by €5M to €110M due to higher depreciation and financial costs.
EBITDA margin improved, with profit improvements from vendor, reseller, and product mix optimizations.
Outlook and guidance
2026 EBITDA guidance set at €300–340M, with mid-term target of €425–525M.
ROCE expected to exceed 20% in 2026 and 25% mid-term, up from 16.1% in 2025.
Continued focus on efficiency, product category, and vendor mix optimizations.
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Next ALSO earnings date
H1 202621 Jul, 2026
ALSO
Next ALSO earnings date
H1 202621 Jul, 2026
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Frequently asked questions
ALSO Holding AG is a Swiss-based company providing information and communication technology (ICT) distribution and solutions to businesses across Europe. The company offers a wide range of ICT products, including hardware, software, and IT services, catering to sectors such as retail, manufacturing, and government. ALSO's services encompass cloud solutions, cybersecurity, virtualization, and digital workplace solutions, supporting clients with comprehensive IT infrastructure and managed services. Through its extensive partner network, ALSO serves as a distributor and solutions provider, addressing the evolving technology needs of enterprises. The company is headquartered in Emmen, Switzerland, and its shares are listed on the SIX.
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