Groupe Airwell
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Groupe Airwell (ALAIR) investor relations material

Groupe Airwell Q2 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 TU earnings summary23 Jul, 2026

Executive summary

  • H1 2026 revenue reached €21.1 million, down 4.0% year-over-year from €22.0 million in H1 2025, with strong sales momentum in France nearly offsetting international declines.

  • 89% of sales were in the residential market, with 11% in the commercial sector.

Financial highlights

  • Mainland France revenue grew 10.7% year-over-year to €10.1 million, driven by a 131% increase in air-to-water heat pump sales.

  • Overseas territories revenue remained stable at €3.5 million.

  • International revenue declined 19.7% to €7.5 million, but showed signs of recovery in air-to-air heat pump sales.

Outlook and guidance

  • Growth is expected to resume in H2 2026, with continued strong demand for air-to-water heat pumps in France and increased air-to-air heat pump sales due to European heat waves.

  • FY26 revenue is expected to return to growth, with adjusted EBITDA improvement anticipated as early as H1, supported by cost optimization and a favorable geographic mix.

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H1 202617 Sep, 2026
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