Logotype for Ariston Holding N.V.

Ariston Holding (ARIS) investor relations material

Ariston Holding Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Ariston Holding N.V.
Q3 2025 earnings summary5 Nov, 2025

Executive summary

  • Achieved strong Q3 2025 organic growth of 4.2%, marking the third consecutive quarter of positive organic growth, with performance driven by heat pumps in Europe and solid water heating results.

  • Adjusted EBIT for Q3 was €48 million (7.2%-7.4% margin), up 21.3% year-over-year, with margin improvement sustained for three consecutive quarters.

  • Free cash flow in Q3 was €15 million, lower than the prior year due to higher CapEx and normalized working capital.

  • Announced investment in a new Italian factory for next-generation electric water heaters and acquired a new water heating plant in India to enhance local manufacturing and supply chain flexibility.

  • ESG ratings improved, placing the group in the top quartile among peers and validating 2030 decarbonization targets.

Financial highlights

  • Q3 2025 revenues increased by 5.8% year-on-year to €668 million, driven by 4.2% organic growth and supported by heat pump recovery in Germany.

  • Adjusted EBIT margin improved by 110 basis points like-for-like in Q3, reaching 7.2%-7.4%; 9M 2025 adjusted EBIT was €114.1 million (+17.9% year-over-year).

  • Free cash flow was positive at €15 million in Q3, though lower than the prior year due to higher CapEx and working capital normalization.

  • Net financial indebtedness at September 30, 2025, was €579 million (ESMA: €672.7 million), with leverage at 2.2x.

  • Perimeter changes, including Russian business reconsolidation and two bolt-on acquisitions, contributed to Q3 growth.

Outlook and guidance

  • Full-year 2025 organic revenue growth guidance raised to around +3% (previously +1% to +3%), reflecting strong nine-month performance and Q4 trends.

  • Adjusted EBIT margin target confirmed above 7% for 2025, driven by cost efficiencies and operating leverage.

  • CapEx guidance for 2025 confirmed at 5%-6% of net revenue, above historical averages, with cash flow generation expected to be concentrated in Q4.

  • Board authorized a buyback program of up to 2 million shares for future LTI plans.

  • Mid-term guidance unchanged, expecting mid-single-digit organic growth and adjusted EBIT margin above 10%.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Ariston Holding earnings date

Logotype for Ariston Holding N.V.
Q4 20252 Mar, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Ariston Holding earnings date

Logotype for Ariston Holding N.V.
Q4 20252 Mar, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Ariston Holding N.V., commonly known as Ariston Group, specializes in thermal comfort solutions for residential and commercial applications. The company offers a diverse range of innovative and energy-efficient products including electric and gas water heaters, heat pumps, and heating systems. The company is headquartered in Amsterdam, Netherlands, and its shares are listed on the Euronext Milan.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage