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ALSO (ALSN) investor relations material
ALSO H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved sustainable profitable growth in H1 2026, with net profit up 61% to €69M, EBITDA rising 29% to €162M, and ROCE at 13% (+1.2pp), driven by scalability, operational improvements, and market share gains.
Revenue increased 21% to €8.3B, supported by demand for computing capacity, data volumes, AI, and successful M&A integrations.
Cloud business revenue grew 31% to €1.1B, with unique users up 9% to 6.0M and monetization per user up 12% to €294.
Operational excellence, logistics optimization, and organizational efficiency improved margins and cost savings, raising the EBITDA margin to 2.0%.
Integration of new companies in the UK, Ireland, France, and Italy is on track, generating additional value; further acquisitions are under review.
Financial highlights
Net sales before PvA rose 21% year-over-year to €8,301M in H1 2026.
Gross profit increased 18% to €490M; EBITDA up 29% to €162M.
Net profit surged 61% to €69M compared to H1 2025.
EBT climbed 45% to €94M; ROCE reached 13.0%.
Basic/diluted EPS increased to €5.47 from €3.38.
Outlook and guidance
Guidance for 2026 EBITDA confirmed at €425–525M; ROCE target above 25% for 2027–2029.
Guidance for FY 2026 also confirmed: EBITDA between €300–340M and ROCE above 20%.
Disciplined strategy execution and focus on ecosystem, platforms, and operational excellence expected to drive further growth.
Visibility for H2 2026 remains limited due to geopolitical and market uncertainties.
- EBITDA and margins are rising through mix optimization, digital growth, and operational excellence.ALSN
Investor presentation - Net sales up 39% and EBITDA up 22%, with strong cash flow and higher 2026 guidance.ALSN
H2 2025 - EBITDA and revenue jumped 34–35%, with 2025 guidance reaffirmed after key acquisitions.ALSN
H1 2025 - Cloud revenue up 25% and cash at €643M, supporting strong H2 and 2024 targets.ALSN
H1 2024 - 2024 EBITDA reached €234M with strong cloud growth and higher ROCE; 2025 outlook is positive.ALSN
H2 2024
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