Aubay Société Anonyme (AUB) Q3 2025 TU earnings summary

Executive summary

• Q3 2025 revenue rose 23.9% year-over-year to €160.1 million, driven by organic growth and the integration of Solutec.

• Nine-month revenue reached €429.1 million, up 6.9% compared to the same period last year.

• France delivered strong growth, with international operations showing improvement, especially in Italy and Iberia.

Financial highlights

• Q3 2025 France revenue: €98.6 million, up 46.3% reported and 6.3% organic year-over-year.

• Q3 2025 International revenue: €61.5 million, down 0.5% year-over-year, but improved from H1's 4.4% decline.

• Productivity rates in Q3 reached 94.0%, stable year-over-year.

• Group headcount at September 30, 2025: 8,999 employees.

Outlook and guidance

• Full-year 2025 revenue now expected at €600–608 million, with operating margin from ordinary activities of 8.5–9.0%.

• Guidance sharpened to the upper end of the previous range due to strong Q3 and positive Q4 start.