Assystem (ASY) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 consolidated revenue reached €165.8 million, showing 2.2% organic growth year-over-year, mainly driven by strong nuclear sector performance.

• Revenue in France grew 4.4% organically, while international revenue declined 7.1% due to currency effects and lower non-nuclear activity.

• Nuclear activities now represent 81% of total revenue, up from 76% in Q1 2025.

Financial highlights

• Q1 2026 revenue was €165.8 million, nearly stable compared to €166.3 million in Q1 2025.

• Organic revenue growth was 2.2%, offset by a 2.5% negative currency effect.

• France contributed €102.6 million (62% of total), international operations €63.2 million (38% of total).

Outlook and guidance

• Full-year 2026 targets: organic revenue growth between 2% and 4%, and EBIT-A margin around 7%.

• No impact from the Middle East conflict in Q1 2026, but future effects remain uncertain.