Compagnie de l'Odet (ODET) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached €1,644 million, up 8% at constant scope and exchange rates, with reported growth of 6%.

• Net income Group share fell to €54 million from €163 million in H1 2025.

• An exceptional interim dividend of €380 per share was declared, totaling €2.5 billion to be paid on September 29, 2026.

• The Board approved the financial statements on September 16, 2026.

Financial highlights

• Adjusted operating income (EBITA) was €97 million, down 20% year-over-year.

• EBITDA was €131 million, compared to €136 million in H1 2025.

• Net financial income dropped to €45 million from €96 million in H1 2025.

• Consolidated net income was €96 million, down from €257 million in H1 2025.

• Shareholders' equity stood at €20,017 million as of June 30, 2026, down €1,072 million from December 31, 2025.

Outlook and guidance

• Strategic refocusing on fourth-generation battery development for Blue Solutions announced.

• Bluebus production discontinuation project initiated due to market conditions and competition.