BOA Concept (ALBOA) H1 2025 earnings summary

Executive summary

• Achieved strong international expansion with a new Canadian subsidiary and successful integration of Easy Systems, driving synergies and growth.

• Maintained growth outlook with intensified international expansion, especially in North America and Benelux, to offset domestic market sluggishness.

• Continued investments in R&D and innovation, particularly in robotics and AI, to enhance intralogistics solutions, with investments temporarily impacting profitability.

• Strategic acquisitions and new subsidiaries support global ambitions and technological leadership.

• Over 300 client sites equipped across Europe, North America, and Asia, with a workforce of 140 employees.

Financial highlights

• Revenue for H1 2025 reached €10.9M, up 22% from H1 2024, reflecting robust growth.

• EBITDA improved to -€1.58M (14.5% of revenue) from -€1.95M (21.8%) year-over-year.

• Operating income was -€2.14M (19.7% of revenue), an improvement from -€2.52M (28.2%).

• Net income (group share) was -€1.55M, improving from -€1.69M in H1 2024.

Outlook and guidance

• Strategic focus on international expansion, especially in Canada, Morocco, North America, and Benelux.

• Ongoing innovation in robotics and AI to maintain leadership in intralogistics.

• Cost optimization and agile business model expected to enable seizing recovery opportunities in H2 2025.

• Strengthening commercial momentum and cost control expected to support future growth.