Hexaom (ALHEX) Q2 2026 TU earnings summary

Executive summary

• Half-year revenue rose 12.1% year-over-year to €343.6 million, with Q2 revenue up 13.8% to €184.2 million.

• Home Building segment led growth, up 18.8% to €281.9 million, driven by strong order intake since late 2024.

• Despite a cautious market and geopolitical uncertainty, sales performance remained resilient, supported by a stable average selling price and robust branch/franchise networks.

Financial highlights

• Like-for-like revenue growth was 11.2% for H1 2026, excluding the HDV subgroup acquired in January 2025.

• Renovation revenue was €20.4 million, up 2.0% year-over-year, with intermediated business up 17.6% and general contractor business down 8.8%.

• Real Estate Development revenue declined 17.6% to €33.7 million due to a high base effect from a major project in H1 2025.

• Land Development revenue was €7.1 million, down 10.1% year-over-year.

• Services revenue increased 25% to €0.5 million.

Outlook and guidance

• Forecasts 20% revenue growth for 2026 and operating profitability above 5%.

• Sustained growth expected in H2 2026, with strong order book visibility and continued cost control.

• Focus on higher operating margins, diversification, market share expansion, and customer creditworthiness.