Belysse Group (BELYS) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 consolidated group revenue was €61.2m, down 8.9% year-over-year.

• Organic revenue declined 3.0%, with a negative 6.0% impact from foreign exchange.

• US division saw organic growth of 12.1% but was offset by an 11.4% FX headwind, resulting in a net 0.7% increase; Europe declined 19.4%.

• US sales volumes improved, supported by a strong order book; European market remained weak.

Financial highlights

• Adjusted consolidated group EBITDA exceeded Q1 2025 levels, driven by higher US volumes, improved unit margins, and lower fixed costs.

• Price increases and surcharges were implemented to offset higher raw material, energy, and transportation costs due to Middle East conflict.

Outlook and guidance

• Next scheduled announcement is for Half Year 2026 results, expected early September 2026.