IVU Traffic Technologies (IVU) Q2 2026 earnings summary

Executive summary

• Revenue rose 12.7% year-over-year to €72.1 million, driven by strong growth in recurring revenue and project deliveries.

• Gross profit increased 14.7% to €59.2 million, with recurring revenue accounting for 53% of total revenue at mid-year.

• EBIT surged to €3.3 million from €1.0 million in H1 2025, reflecting improved profitability and efficiency measures.

• Free cash flow more than tripled to €19.5 million, and net result climbed to €2.4 million.

• Order backlog exceeds €160 million, fully covering planned annual revenue.

Financial highlights

• Revenue: €72.1 million (+12.7% YoY); Gross profit: €59.2 million (+14.7% YoY).

• EBIT: €3.3 million (H1 2025: €1.0 million); Net result: €2.4 million (H1 2025: €0.7 million).

• Free cash flow: €19.5 million (H1 2025: €6.0 million); Cash and cash equivalents: €50.1 million.

• Equity ratio at 46.5% after dividend and share buy-back.

• Personnel expenses rose 10.3% due to special anniversary payments and overtime.

Outlook and guidance

• 2026 revenue expected to exceed €160 million (2025: €149.7 million); gross profit around €130 million (2025: €121.5 million).

• EBIT guidance raised to €22 million (previously €20 million; 2025: €18.6 million).

• Streamlined reporting and enhanced capital market communications planned from Q3 2026.