Serge Ferrari Group (SEFER) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was €177.9M, nearly flat year-over-year despite geopolitical and raw material cost pressures.

• Operational profitability was maintained, with adjusted EBITDA at €19.4M (10.9% of sales), slightly lower than last year.

• Net income declined to €6.8M, impacted by a €1.5M restructuring charge from the closure of the Tersuisse site.

• Continued focus on cost control, working capital optimization, and maintaining a solid financial structure.

Financial highlights

• Revenue: €177.9M in H1 2026 vs. €178.7M in H1 2025 (-0.5%).

• Adjusted EBITDA: €19.4M (10.9% margin), down from €20.1M (11.2%).

• EBIT: €13.4M, down 12.7% year-over-year, mainly due to restructuring costs.

• Net income: €6.8M, down 14.7% year-over-year.

Outlook and guidance

• Ongoing geopolitical uncertainty and reduced visibility for H2 2026.

• Expected improvement in profitability from 2027, driven by cost structure flexibility post-Tersuisse closure.

• Strategic priorities and growth initiatives for 2027 supported by strengthened financial fundamentals.