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High Co Q1 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.

Q1 2026 TU earnings summary22 Apr, 2026

Executive summary

Q1 2026 gross profit reached €19.93m, up 26.4% reported and €16.18m, up 2.6% like-for-like, driven by Retail Activation in France and integration of Sogec and BudgetBox.
Retail Activation division showed strong growth, while Retail Agencies remained stable and Retail Media saw significant reported gains.
France accounted for 91.2% of reported gross profit, with international business declining by 20.1%.

Financial highlights

Retail Activation division gross profit up 24.1% reported (3.4% LFL) to €13.89m; Retail Agencies stable at €3.88m; Retail Media up 204.3% reported (2.5% LFL) to €2.16m.
France gross profit up 33.8% reported (6.2% LFL) to €18.18m; international gross profit down 20.1% to €1.75m.
Sogec and BudgetBox contributed €3.75m to France's reported gross profit.

Outlook and guidance

2026 guidance confirmed: gross profit expected above €78m (over 17% growth reported), adjusted operating margin above 12%.
Q2 2026 will focus on continued integration of Sogec and BudgetBox.

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