Catering International & Services (ALCIS) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached €275.2M, up 16.4% year-over-year, with EBITDA up 23.4% to €23.7M and net income attributable to the group up 60.1% to €6.5M.

• Growth was driven by strong performances in Africa (+20% at constant currency) and Eurasia (+17%), while Americas declined (-34%) due to ongoing challenges in Brazil.

• EBITDA margin improved to 8.6% from 8.1% in H1 2025.

• All profitability indicators improved, reflecting successful contract ramp-ups, favorable renegotiations, and performance plans.

Financial highlights

• Revenue: €275.2M (+16.4% year-over-year); EBITDA: €23.7M (+23.4%); EBITDA margin: 8.6% (vs. 8.1% in H1 2025).

• Net income attributable to group: €6.5M (+60.1%).

• Net cash (excluding IFRS 16): €46.2M at June 30, 2026, up from €13.9M a year earlier.

• Shareholders' equity: €77.4M; available/unrestricted cash: €70.5M.

• Bank debt reduced by 7% over the period.

Outlook and guidance

• The group expects good visibility for the remainder of 2026, supported by ongoing standardization of management processes, service range enhancement, pricing adaptations, and cost optimization.