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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.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.
- Revenue and EBITDA surged in 2025, fueled by expansion in logistics, waste, and HVAC.LDB
Corporate presentation - Double-digit H1 2024 growth driven by HVAC expansion, acquisitions, and LVMH partnership.LDB
H1 2024 - Net profit surged 62% year-over-year, with revenue and EBITDA up 36% and 44%, respectively.LDB
H2 2025 - H1 2025 revenue up 53% to €15.84M, driven by HVAC and Waste/Circular Economy growth.LDB
H1 2025 - EBITDA margin jumped to 17.9% as HVAC revenue soared 575% after French exit.LDB
H2 2024
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