SOL Group (SOL) Q2 2025 earnings summary

Executive summary

• Net sales reached €874.1 million in H1 2025, up 12.1% year-over-year; like-for-like sales rose 10.5%.

• Gross operating margin (EBITDA) was €220.8 million (25.3% of sales), up 9.7% from H1 2024.

• Net profit increased 11.5% to €83.5 million, representing 9.6% of turnover.

• Cash flow from operations rose to €169.8 million, and capital expenditure totaled €116.3 million.

• Workforce grew to 7,412 employees from 7,015 a year earlier.

Financial highlights

• Revenues from sales and services: €874.1 million (H1 2025) vs €779.6 million (H1 2024).

• EBITDA: €220.8 million (25.3% margin) vs €201.3 million (25.8% margin) in H1 2024.

• Operating result: €134.9 million (15.4% margin) vs €122.2 million (15.7% margin) in H1 2024.

• Net profit: €83.5 million (EPS €0.921) vs €74.9 million (EPS €0.826) in H1 2024.

• Net financial indebtedness: €516.8 million (including IFRS 16), up from €439.3 million at 2024 year-end.

Outlook and guidance

• Management expects continued growth in H2 2025, with further investments, acquisitions, and innovation projects.

• Objective to consolidate strong sales and maintain profitability for the full year.