Icape (ALICA) Q2 2026 TU earnings summary

Executive summary

• Q2 2026 revenue reached €61.8 million, up 22.9% year-over-year and 19.9% sequentially from Q1 2026, with organic growth at 25% at constant exchange rates.

• H1 2026 revenue totaled €113.3 million, a 12.5% increase year-over-year and 13.8% higher than H2 2025, driven by strong Q2 performance.

• Order backlog hit a record USD93.6 million (€82.1 million), up 69.3% year-over-year and 20.4% sequentially, reflecting robust demand and customer confidence.

• Growth was fueled by increased volumes and higher prices amid ongoing supply chain and raw material cost pressures.

Financial highlights

• Q2 2026 revenue: €61.8 million (+22.9% YoY, +19.9% QoQ); organic growth at constant currency: +25%.

• H1 2026 revenue: €113.3 million (+12.5% YoY, +13.8% vs. H2 2025); organic growth at constant currency: +18%.

• Order backlog at June 2026: €82.1 million (+74.1% YoY, +20.4% QoQ); USD93.6 million (+69.3% YoY).

Outlook and guidance

• All 2026 annual targets confirmed, including revenue growth at least matching 2025 (+12%) and 6–8% organic growth, assuming stable currency.

• Targeting €120 million in additional revenue from external growth by end-2026, with €92 million already achieved.

• 2026 EBIT margin expected around 6%, factoring in cost reductions, synergies, and site closures.

• Sector growth forecasts for 2025–2030 revised up to 11% CAGR, driven by AI-related demand.