ViaCon Group (VIACON) Q2 2025 earnings summary

Executive summary

• Profitability improved in Q2 2025, driven by efficiency measures and growth in steel-based solutions.

• Net sales for Q2 were EUR 46.4 million, up 0.3% year-over-year; organic growth was 4.4%.

• Operating earnings (EBIT) rose to EUR 3.8 million from EUR 0.5 million, with an EBIT margin of 8.3%.

• Order intake declined 10.7% in Q2, mainly due to large prior-year orders in Bridges & Culverts.

• The divestment of the Lyon property was completed in July, with a positive cash flow effect expected in Q3.

Financial highlights

• Q2 EBITDA was EUR 5.7 million (12.3% margin), up from EUR 2.3 million (5.0%).

• Underlying EBITDA for Q2 was EUR 5.9 million (12.7% margin), up from EUR 3.1 million (6.7%).

• H1 2025 net sales were EUR 83.4 million, up 5.4% year-over-year; organic growth was 8.4%.

• H1 EBIT was EUR 4.3 million (5.1% margin), up from EUR -0.9 million (-1.1%).

• H1 earnings per share were EUR -58.59, improved from EUR -176.63.

Outlook and guidance

• Market recovery is ongoing, with infrastructure investments expected to support growth in H2 2025 and beyond.

• Management anticipates continued positive development as markets normalize.

• Strategic focus remains on growing Bridges & Culverts, improving GeoTechnical profitability, and expanding StormWater.