Lindbergh
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Lindbergh (LDB) investor relations material

Lindbergh H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary23 Sep, 2026

Executive summary

  • H1 2026 revenue rose 32% YoY to €20.84m; EBITDA increased 33% to €3.72m and net result rose 39% to €1.54m.

  • HVAC led growth, supported by acquisitions; Network & Warehouse Management returned to organic growth, while Waste / Circular Economy also expanded.

  • Net financial debt including lease liabilities and acquisition payables was €6.99m, down 19% from year-end 2025; adjusted financial indebtedness was €512,815.

  • The Board approved the half-yearly report and mandated the voluntary liquidation of the French subsidiary.

Financial highlights

  • Revenue was €20.84m (+32% YoY), including €20.61m in sales and service revenue, up €4.97m.

  • EBITDA was €3.72m (+33%), EBIT €2.45m (+42%), and profit before tax €2.26m (+45%).

  • Net result was €1.54m (+39%); group-attributable result was €1.52m (+42%).

  • Operating costs rose 31% to €17.12m; labour costs increased 42% to €6.89m, mainly reflecting acquisitions and salary increases.

  • A €76,212 gain on disposal of a business unit contributed to other income; reported results include this non-recurring item.

Outlook and guidance

  • H2 volumes are expected to increase significantly in the peak season; Network & Warehouse Management and Waste / Circular Economy growth is expected to match H1, with at least two customer service launches anticipated.

  • HVAC revenue is expected to rise seasonally, especially in Q4; priorities include margin improvement and cash conversion.

  • SDS Service integration is expected to be completed by year-end 2026; acquisition opportunities remain under review, particularly in existing regions and HVAC.

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Frequently asked questions

Lindbergh S.p.A., operating under the ticker LDB on the Milan Stock Exchange, is an Italian enterprise offering solutions within the Field Service Management sector, particularly targeting Maintenance, Repair & Operations (MRO) market segments. The company's core offering is its technology platform, T-LINQ, which facilitates services, products, and logistics solutions, including unique night deliveries tailored for Field Service Engineers. Lindbergh S.p.A. is organized into three main business units, focusing on network management for field maintenance technicians through in-boot in-night service, comprehensive waste management covering the entire lifecycle of waste including special categories, and warehouse management, which includes logistical and storage operations for new and used customer forklifts. Furthermore, the company extends an on-demand laundry service for workwear, catering to a broad spectrum of operational needs in the field service domain. The company is headquartered in Pescarolo ed Uniti, Italy, and its shares are listed on the Milan Stock Exchange.