Synergie (SDG) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 reached €1,583.6 million, up 1.8% year-over-year, driven by international growth and successful integration of Australian operations, despite economic and geopolitical uncertainty.

• EBITDA was €63.2 million (4.0% of revenue), nearly flat from last year.

• Net profit declined 14.1% to €27.2 million, mainly due to lower financial results and a one-off French tax charge.

• International operations contributed 60.5% of total revenue, with strong growth in Southern Europe and Australia.

• The group maintained resilience and was recognized for ESG leadership and as a top employer.

Financial highlights

• EBITDA was stable at €63.2 million (4.0% margin), with EBITA at €48.5 million (3.1% margin), and operating income at €45.4 million.

• Net profit dropped by €4.5 million (-14.1%) due to lower financial results and a one-off tax charge.

• Net cash position was €376.7 million, with equity at €727.8 million as of June 30, 2025.

• Operating cash flow was €29.5 million, down from €47.1 million in H1 2024.

• EPS was €1.19, compared to €1.25 in H1 2024.

Outlook and guidance

• Management expects higher revenue in H2 2025, focusing on agility, digital transformation, and adapting services to market conditions.

• Plans include accelerating market share growth, diversification, and acquisitions in existing countries.

• Continued investments are planned despite economic slowdown and increased competition.