Solocal Group (LOCAL) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 revenue was €74.0 million, down 10.7% year-over-year and 6.3% sequentially, reflecting a challenging economic environment and weak commercial acquisition performance.

• Order backlog grew to €259.2 million, up 5.2% from the end of 2025, indicating future revenue stability.

• Governance changes include a streamlined Executive Committee and new leadership appointments to drive the reconquest strategy.

• Acquisition agreement signed for Artur'In, an AI-driven community management company, supporting the transformation into an AI-focused business.

Financial highlights

• Revenue declined to €74.0 million in Q1 2026 from €82.9 million in Q1 2025 and €79.0 million in Q4 2025.

• Connect segment revenue fell 14% year-over-year to €16.9 million; Booster down 8% to €44.6 million; Websites down 15% to €12.5 million.

• Order intake was €86.8 million in Q1 2026, slightly below €88.2 million in Q1 2025.

Outlook and guidance

• Targeting a return to year-over-year revenue growth in Q4 2026, with Q2 and Q3 expected to remain negative.

• EBITDA margin for 2026 is expected to be approximately 20%.