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Delta Plus Group (ALDLT) investor relations material
Delta Plus Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue reached €196.4 million, up 4.6% year-over-year, driven by acquisitions, while organic growth declined by 4.3% due to weakness in historic European markets and the Middle East.
Gross margin improved by 1.9 percentage points to 57.7%, reflecting a better product/customer mix and resilient pricing.
Recurring operating income fell 2.3% to €19.6 million (10.0% of revenue), with acquisitions providing significant accretive impact.
Net income attributable to the Group was €9.3 million, down from €11.3 million year-over-year.
Financial highlights
Consolidated revenue: €196.4 million (+4.6% year-over-year), with a positive scope effect from acquisitions (+10.0%) and a negative currency effect (-1.1%).
Gross profit: €113.3 million (57.7% margin, up from 55.7%).
Recurring operating income: €19.6 million (10.0% margin, down from 10.7%).
Net income: €9.3 million (down from €11.3 million).
Personnel expenses rose 9.5% due to acquisitions and salary increases.
Fixed expenses increased 16.7%, reflecting investments for future growth and ERP rollout.
Cost of debt increased by €0.9 million to €3.6 million due to higher average debt from acquisitions.
Outlook and guidance
Reported revenue growth expected to continue, driven by acquisitions.
Gradual improvement in organic growth anticipated in H2, but full-year positive organic growth not expected.
Focus remains on profitability, integration of acquisitions, and cash/working capital management amid macroeconomic and geopolitical uncertainty.
- Sales/turnover fell 8.9% in H1 2024, but organic growth and profitability targets remain.ALDLT
H1 2024 - 2024 revenue reached €400.1M, with stable margins but lower profits and reduced net debt.ALDLT
Company presentation - H1 2025 revenue fell 3.2% to €187.8M, with growth outside Europe offsetting European weakness.ALDLT
Q2 2025 TU - Turnover fell 8.9% in H1 2024, with currency effects and sluggish demand driving the decline.ALDLT
Q2 2024 TU - 2024 revenue fell 4.9% to €400.1M, but Q4 rebounded with 4.3% growth.ALDLT
Q4 2024 TU - H1 2026 revenue rose 4.5% to €196.3M, led by acquisitions amid ongoing organic decline.ALDLT
Q2 2026 TU - Solid 2025 margin and acquisitions offset revenue decline, supporting 2026 growth plans.ALDLT
H2 2025 - 2025 revenue fell 2.6%, but acquisitions and growth outside Europe offset headwinds.ALDLT
Q4 2025 TU - Revenue and net income declined, but gross margin and financial strength were maintained.ALDLT
H1 2025
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