Amper (AMP) H1 2025 earnings summary

Executive summary

• EBITDA increased by 32.8% year-over-year to €16.2m, with margin up 3.7 p.p. to 9.7%.

• Sales reached €167.6m, up 17.1% on a comparable scope, despite a 17.5% headline decline due to divestments.

• Backlog grew 43% year-over-year to €572.1m, supporting future growth targets.

• Profit after tax improved to €4.3m from a loss of €3.8m in H1 2024.

• Leverage ratio reduced to 2.4x NFD/EBITDA after a capital increase, despite temporary working capital needs.

Financial highlights

• EBITDA margin rose to 9.7% (+3.7 p.p. year-over-year), driven by operational efficiency and divestments in low-margin businesses.

• EBIT increased by 16.7% to €4.2m, despite higher depreciation and amortization.

• Financial result improved by €7.4m, mainly due to capital gains from asset sales and favorable exchange rates.

• Net financial debt increased to €170.1m, but leverage ratio improved due to capital increase.

• Cash and liquid assets rose by 80.2% to €36.4m.

Outlook and guidance

• On track to achieve 2025 organic targets: €370m in sales and €41m in EBITDA.

• Backlog and commercial pipeline support full-year objectives, with additional upside from ongoing inorganic growth operations.

• Strategic plan aims for EBITDA margin above 11% by year-end.