Solocal Group (LOCAL) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue increased 2% sequentially from Q1 2026, signaling early signs of recovery despite a challenging economic environment.

• H1 2026 revenue declined 8.9% year-over-year to €149.5 million, with all business lines down compared to H1 2025.

• EBITDA margin improved to 20.1% (+3.2 pts year-over-year), and net income rose to €15.7 million (+€10.2 million year-over-year).

• Order book grew 7.5% to €264.7 million since end-2025, supporting future revenue visibility.

• Strategic focus on AI integration, product innovation, and customer win-back initiatives, including the acquisition of Artur’In and launch of Solocal+.

Financial highlights

• H1 2026 revenue: €149.5 million (-8.9% year-over-year; -9.6% like-for-like).

• Q2 2026 revenue: €75.5 million (-6.9% year-over-year; +2% sequentially from Q1 2026).

• EBITDA: €30.0 million (+8.5% year-over-year); EBITDA margin: 20.1% (+3.2 pts).

• Net income: €15.7 million (+€10.2 million year-over-year).

• Free cash flow: -€0.8 million (down from +€14.0 million in H1 2025).

Outlook and guidance

• 2026 targets confirmed: revenue growth expected in Q4 2026 versus Q4 2025, including external growth.

• EBITDA margin expected to remain around 20%.

• Continued focus on profitability and targeted acquisitions.