Aubay Société Anonyme (AUB) H1 2026 earnings summary

Executive summary

• Revenue grew 30.8% year-over-year to €351.9m in H1 2026, with organic growth of 11.4%.

• Operating profit from ordinary activities rose 37.9% to €26.6m, with margin improving to 7.5%.

• Net income increased 22.9% to €17.2m, with EPS up 23.6% to €1.36.

• Headcount grew to 9,406, reflecting business expansion and strong sales momentum.

• Strong sales momentum, recovery in Southern Europe, and successful Solutec integration drove results.

Financial highlights

• Revenue: €351.9m in H1 2026, up from €269.0m in H1 2025 (+30.8%).

• Operating income from ordinary activities: €26.6m, up 37.9% year-over-year.

• Net income: €17.2m, up from €14.0m (+22.9%).

• Earnings per share: €1.36, up 23.6% from €1.10.

• Utilisation rate remained high at 92.9%.

Outlook and guidance

• Full-year 2026 revenue target raised to €695–705m, with organic growth guidance at 7–8.5%.

• Operating margin from ordinary activities guidance increased to 9–10%.

• Interim dividend of €0.70 per share to be paid on November 10, 2026.

• Staff numbers expected to rise further in H2 to meet new contract demand.

• Profitability in Italy and France expected to improve in H2 due to more working days.