Eezy (EEZY) Q1 2026 earnings summary

Executive summary

• EBITDA improved year-over-year to €1.9M, supported by performance improvement programs and lower fixed costs.

• Revenue declined 8% year-over-year to €30.9M, mainly due to business transfers and customer shifts in 2025.

• A successful, oversubscribed rights issue raised €10M, strengthening the financial position and balance sheet.

• EBIT was -€0.2M, impacted by a €0.2M impairment loss from divestment of a loss-making business.

• Strategy execution continues, focusing on core staffing services and digitalization.

Financial highlights

• Q1 2026 revenue: €30.9M (-8% YoY); chain-wide revenue: €51.4M (-3% YoY).

• EBITDA: €1.9M (up from €1.3M YoY); EBITDA margin: 6.2% (up from 3.9%).

• EBIT: -€0.2M (improved from -€0.4M YoY), EBIT margin: -0.5%.

• EPS: -€0.03 (improved from -€0.04 YoY).

• Operative free cash flow: -€0.3M (Q1 2025: -€2.0M).

Outlook and guidance

• Economic uncertainty continues in 2026, with customers cautious about labor needs and investments.

• No formal financial guidance provided for 2026.

• Long-term targets: chain-wide revenue >€330M, group revenue >€200M, EBIT >5% by 2028.