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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.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.
- 2025 revenue dropped 15.3% to €42.9M, but a growing order backlog signals recovery ahead.ALAIR
H2 202530 Apr 2026 - Revenue fell 15.3% to €42.9M in FY2025, but EBITDA is set to recover to €4M.ALAIR
H2 2025 TU13 Mar 2026 - Nine-month revenue declined 12.5% year-over-year, with Q4 growth and profitability targeted.ALAIR
Q3 2025 TU30 Oct 2025 - H1 2025 saw weak French sales but strong international growth, with recovery expected in H2.ALAIR
H1 202525 Sep 2025 - Q2 2025 revenue rebounded 51% sequentially, with strong export growth offsetting French weakness.ALAIR
H1 2025 TU24 Jul 2025 - Integrated eco-thermal solutions and digital services drive future growth amid market headwinds.ALAIR
Investor Presentation19 Jun 2025 - Expanding innovative, connected energy solutions and services to drive growth despite market headwinds.ALAIR
Investor Presentation19 Jun 2025 - Despite a challenging 2024, innovation and regulatory tailwinds set the stage for renewed growth.ALAIR
Investor Presentation19 Jun 2025 - Revenue dropped 20.8% as investments rose, but gross margin improved by 7 points.ALAIR
H1 202413 Jun 2025
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