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High Co (HCO) investor relations material
High Co Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary15 Oct, 2025
Executive summary
Q3 2025 gross profit rose 8.4% like-for-like to €15.63m, marking a return to growth, mainly driven by strong performance in France and the Activation division.
Nine-month 2025 gross profit was €46.59m, down 3.2% like-for-like, reflecting earlier softness offset by Q3 recovery.
International businesses declined 20% in Q3 and 13.3% over nine months, with Belgium and Spain both posting decreases.
Financial highlights
Q3 2025 gross profit: €15.63m, up 8.4% like-for-like; nine-month total: €46.59m, down 3.2% like-for-like.
France accounted for 89% of Q3 gross profit, up 13.3% like-for-like; international share fell to 11%.
Activation division contributed 62.5% of Q3 gross profit, up 7.9%; Consulting & In-store media selling up 15.5%.
Outlook and guidance
Q4 2025 is forecast to deliver over 10% gross profit growth, with full-year guidance revised to slight growth in gross profit (over €61m).
Adjusted operating margin for 2025 confirmed at above 12%.
Guidance excludes the impact of Sogec and BudgetBox acquisitions, which will be consolidated from Q4.
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Q4 202528 Jan, 2026
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Frequently asked questions
High Co. SA is a France-based company specializing in marketing and communication services. The company primarily offers solutions aimed at enhancing brand visibility and consumer engagement for mass-market retailers and consumer goods manufacturers. Their services include couponing, sampling, in-store promotions, and digital marketing solutions that integrate technology into traditional retail strategies. High Co. also provides data analysis, media services, and retail performance management across various markets, including France, Spain, the United Kingdom, and others. The company is headquartered in Aix-en-Provence, France, and its shares are listed on the Euronext Paris.
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