2026 Half-year Results

A positive sales momentum and an improved operating profitability.

• H1 2026 revenue of €1,428m, +12.0% vs. H1 2025, +13.4% like for like
• Q2 2026 revenue of €780m, +15.6% vs. Q2 2025
• Q2 2026 machine order intake of €550m vs. €450m in Q2 2025
• Q2 2026 order book on equipment at €1,092m vs. €1,045m in Q2 2025
• Recurring operating income at €87m (6.1%) vs.€65m (5.1%) in H1 25
• Net income at €51m vs. €33m in H1 25
• EBITDA restated from IFRS 16(3) at €123m (8.6%) vs. €99m (7.7%) in H1 25
• Net debt at €186m, down €26m vs December 31, 2025, gearing at 19%, leverage at 0.8
• Upgraded guidance with expected 2026 revenue growth of +6.5% to +8.0% compared to 2025, and a 2026 recurring operating margin between 5.3% and 5.6% of revenue

Our business activity in the first half of 2026 demonstrates remarkable momentum, with revenue up +12.0%. This acceleration was confirmed in the second quarter with robust growth of +15.6%. In a complex global environment, Europe established itself as our primary growth driver (+16.6%), driven by the rental and agricultural sectors. Despite headwinds in North America due to tariffs and a LAPAM region impacted by Asian competition and geopolitical tensions in the Middle East, our fundamentals remain strong.

Sylvain BLAISE, President & CEO