Icape (ALICA) Q3 2026 TU earnings summary

Executive summary

• Q3 revenue reached €68.7m, up 36.4% YoY and 34.2% organically at constant currency; growth accelerated for a third consecutive quarter.

• Order backlog hit a record USD152.9m at Oct. 31, up 138% YoY; 2026 targets were reaffirmed.

Financial highlights

• Q3 revenue was €68.7m, up 36.4% reported and 35.7% organically YoY; constant-currency organic growth was 34.2%.

• 9M revenue was €182.0m, up 20.5% reported and 23.5% organically at constant currency YoY.

• Q3 revenue rose 11.1% QoQ reported, 10.4% organically and 9.5% organically at constant currency.

Outlook and guidance

• 2026 revenue growth target remains at least 18% reported, including ~18% organic growth assuming no further currency deterioration.

• 2026 EBIT margin target remains ~6%, factoring in sales, cost-reduction plans, acquisition synergies, site closures and phased IT implementation.

• External growth is expected to contribute ~€5m of additional revenue by year-end, versus a prior €28m target after a transaction failed to close in July.

• New medium-term operational, strategic and financial targets are scheduled for presentation on Nov. 24, 2026.