Datalogic (DAL) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months of 2025 was €359.4 million, down 1.9% year-over-year (0.5% net FX), with EMEAI growth offset by declines in Americas and APAC.

• Q3 2025 revenue was €118.4 million, nearly flat net FX, down 2.8% at current FX versus Q3 2024, with improved profitability.

• Adjusted EBITDA margin rose to 9.4% for the nine months (up from 7.6%), and 11.1% in Q3 (up from 10.2%).

• Net profit reached €1.2 million, reversing a €5.8 million loss in the prior year (excluding a prior gain from a subsidiary sale).

• Acquisition of Datema Retail Solutions AB was completed in April 2025, expanding software capabilities.

Financial highlights

• Gross operating margin improved to €153.9 million (42.8% of sales) from €151.2 million (41.3%) year-over-year.

• Adjusted EBITDA for Q3 was €13.2 million (11.1% margin), up from €12.4 million (10.2%) in Q3 2024.

• Adjusted EBIT for Q3 was €5.1 million (4.3% margin), up from €4.2 million (3.5%) in Q3 2024.

• Net financial debt increased to €34.9 million at September 30, 2025, from €9.5 million at December 31, 2024, mainly due to increased working capital and acquisition outflows.

• Net trade working capital increased to €71.5 million (14.7% of sales) from €64.4 million (13.0%).

Outlook and guidance

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

• EMEAI is projected to maintain growth, while Americas is anticipated to recover from next year.