Datalogic (DAL) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was €241.1M, down 1.5% year-over-year; Q2 revenue was €128.3M, down 3.7% compared to Q2 2024.

• Industrial Margin improved to 42.9% in H1, up over 2 percentage points from H1 2024.

• Adjusted EBITDA for H1 reached €20.8M (8.6% margin), up from €15.5M (6.3%) in H1 2024; Q2 Adjusted EBITDA was €14.0M (10.9% margin).

• Net financial debt increased to €18.3M from €9.5M at year-end 2024.

• Net loss for H1 was €0.8M, compared to a €9.3M profit in H1 2024, which included a one-time gain from a subsidiary disposal.

Financial highlights

• Gross Operating Margin rose to €103.4M (42.9% of sales) from €99.5M (40.7%) in H1 2024.

• Adjusted EBIT improved to €4.7M from €0.1M in H1 2024.

• Net financials were €1.6M, down from €14.9M in H1 2024 due to the absence of prior year’s disposal gain.

• R&D expense increased 6.1% to €32.9M, representing 13.6% of sales.

• Distribution and administrative expenses both decreased year-over-year.

Outlook and guidance

• Full-year revenue expected to be broadly in line with prior year, with slightly improved profitability, assuming no further tariff changes.

• Growth anticipated in EMEA, especially in Mobile Computing, but continued FX headwinds and project timing uncertainty in the Americas.