Arteche Lantegi Elkartea (ART) H1 2026 earnings summary

Executive summary

• Achieved double-digit growth in order intake (+15.7%) and revenue (+10.7%) year-over-year for H1 2026, reflecting robust demand, operational efficiency, and strong performance across key regions and business lines.

• Net profit attributable to shareholders increased by 44.3% to €30.6M, with EPS at €0.54.

• Major milestones included a main market listing on the Spanish stock exchange, acquisitions of SEG Electronics (100%) and Uptech Sensing (35%), and a €100M accelerated bookbuild to boost liquidity and free float.

• Strategic acquisitions and IPO enhanced technological capabilities, market presence, and international profile.

• Continued progress on sustainability and 2030 commitments, including increased renewable energy use and diversity.

Financial highlights

• Order intake reached €338.0M (+15.7% YoY), with a book-to-bill ratio of 1.22x and an order backlog of €417.2M.

• Revenue totaled €277.9M (+10.7% YoY), with 99% organic and 1% inorganic growth.

• Direct margin rose to €120.1M (+30.3%), EBITDA increased to €51.1M (+29.2%), with margin at 18.4%.

• Net profit reached €30.6M (+44.3% YoY), with EPS at €0.54.

• Free cash flow was €21.9M, with a 43% EBITDA conversion ratio.

Outlook and guidance

• FY2026 revenue guidance raised to €565–590M (from €555–585M); EBITDA guidance increased to €92.1–100.4M, margin expected at 16.3–17.8%.

• High visibility for the next eight months, with strong pipeline coverage and management expecting to meet or exceed strategic plan targets.

• Limited impact expected from recent US tariffs; new Strategic Plan to be presented in late 2026.