Interpump Group (IPA) Q3 2025 earnings summary

Executive summary

• Achieved 3.4% organic growth in the Hydraulics Division after seven quarters of decline, marking a significant turnaround.

• Q3 2025 saw organic revenue growth and improved margins, with both turnover and EBITDA margin trending toward the upper end of guidance.

• Generated nearly EUR 87 million in free cash flow, a record for a single quarter.

• Profitability improved, supported by production efficiencies and effective countermeasures to US tariffs.

• Diversification and operational flexibility remain key strengths, with continued focus on expanding geographic and product reach.

Financial highlights

• Q3 2025 consolidated revenue up 2.3% year-over-year to €499.2m, with Hydraulics driving the growth.

• Q3 EBITDA was €114.8m (+2.9% YoY), with a margin of 23.0% (vs. 22.6%).

• Q3 net profit rose 9.2% YoY to €55.0m.

• Free cash flow for the quarter reached €87m, up 13% year-over-year.

• YTD sales slightly declined by 0.8% to €1,576.1m; YTD EBITDA stable at €364.3m.

Outlook and guidance

• Full-year 2025 sales and profitability guidance raised to the upper end of the previous range (minus 5% to plus 1% for sales, 22.5% EBITDA margin).

• Expectations for turnover and EBITDA margin remain oriented toward the better part of guidance.

• Ongoing focus on M&A activities; next medium-long term update in February 2026.

• Acquisitions in 2025 expected to add about 1% to total revenues.

• October trends confirm positive momentum, especially in Hydraulics.