Serge Ferrari Group (SEFER) Q4 2025 TU earnings summary

Executive summary

• Full-year 2025 revenues reached €347.5 million, up 7.4% at current scope and exchange rates year-over-year.

• Growth driven by strong commercial activity, market share gains, and recovery in key regions.

• The group maintained momentum despite a volatile geopolitical and economic environment.

Financial highlights

• Q4 2025 revenues were €88.2 million, a slight decline of 0.9% at constant scope and exchange rates compared to Q4 2024.

• Americas region saw a 42.7% revenue increase year-over-year; APMEA grew 12.2%; Europe grew 1.2%.

• Over 80% of annual revenue was generated outside France.

Outlook and guidance

• Entering 2026 with a diversified business portfolio and strengthened financing structure.

• Management remains cautious due to ongoing uncertainty in the global environment.