Hydratec Industries (HYDRA) H1 2026 earnings summary

Executive summary

• Completed divestment of Helvoet, resulting in a €49.0 million net profit from discontinued operations in H1 2026.

• Revenue from continuing operations rose 20.1% to €106.8 million, driven by consolidation of Eqraft; organic revenue declined 5.7%.

• Normalised operating profit fell to €9.9 million from €11.6 million year-over-year.

• Order book decreased significantly due to market uncertainty and cautious customer investment.

Financial highlights

• Net revenue (continuing operations): €106.8 million (up 20.1% year-over-year).

• Gross margin: €61.6 million (57.7% of revenue, stable year-over-year).

• Operating result (EBIT): €6.4 million (down from €11.5 million year-over-year).

• Net result (continuing operations): €12.7 million; net result (discontinued operations): €49.0 million.

• Basic EPS: €47.45 (up from €8.06 year-over-year), driven by Helvoet disposal.

Outlook and guidance

• No specific guidance for full year 2026 due to ongoing uncertainty in raw material prices, tariffs, FX, and geopolitical tensions.