Séché Environnement (SCHP) Q1 2026 TU earnings summary

Executive summary

• Revenue increased by 5.4% year-over-year to €294.6 million, driven by strong international markets and contributions from recent acquisitions in Chile and Italy.

• Organic growth remained stable at +0.1%, with a challenging comparison base in France.

• International operations showed strong organic growth, while France experienced a decline due to weaker Circular Economy activities and normalization in Services.

Financial highlights

• Consolidated revenue reached €311.3 million, up from €295.8 million the previous year.

• Contributed revenue was €294.6 million, a 5.4% increase year-over-year; organic growth was +0.1%.

• Scope effect contributed €16.0 million, mainly from Hidronor (Chile) and La Filippa (Italy).

• Non-contributed revenue was €16.7 million, slightly up from €16.2 million last year.

• Negative currency effect of €(1.1) million impacted results.

Outlook and guidance

• Growth targets for 2026 reaffirmed, with contributed revenue expected between €1,230 million and €1,260 million.

• France expected to face a challenging Q2 comparison base, while international markets remain robust.

• Improvement in French operations expected in H2 2026; international growth anticipated to remain dynamic.

• Positive trends anticipated in Europe, Latin America, and Asia; Southern Africa to continue growth.