IT Link (ALITL) Q1 2026 TU earnings summary

Executive summary

• Revenue for Q1 2026 was €21.03M, down 3.7% year-over-year (3.4% at constant currency).

• Activity rate hit a low of 89.9% versus 92.4% a year earlier, due to project start delays.

• Net hiring resulted in 18 additional employees, with productive headcount rising to 924 consultants.

Financial highlights

• France revenue declined 2.9% year-over-year, representing over 80% of productive headcount.

• International revenue fell 7.1% (5.6% at constant currency), mainly due to weaker public orders in Quebec.

• Service activities revenue dropped 3.9%; solutions activities decreased 1.8% (0.6% at constant currency).

• IT Link Canada grew revenue by 10.8% (14.2% at constant currency); Benelux was nearly flat at -1.0%.

Outlook and guidance

• Management expects a return to growth in Q2 and full-year revenue increase of 1% to 3%.

• Targeting operating margin of around 6% for 2026, with caution due to macroeconomic and geopolitical uncertainties.