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Immsi (IMS) investor relations material
Immsi Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated net sales at constant exchange rates rose 1.8% year-over-year to €392.2M, but declined 4.2% at current exchange rates to €369.1M due to euro appreciation.
Cash flows improved by over €50M compared to Q1 2025, and net financial debt decreased by €14.7M year-over-year.
EBITDA margin reached 15.8%, among the highest on record, reflecting productivity improvements.
Financial highlights
EBITDA was €58.4M, down 3.5% year-over-year; EBIT was €19.7M, down 11.2%.
Pre-tax profit fell 55.8% to €2.1M; net profit before minority interests was €0.1M.
Net financial debt at March 31, 2026, was €1,003.5M, an improvement from €1,018.2M a year earlier.
Capital expenditure totaled €25.8M, down from €40.8M in Q1 2025.
Cash and cash equivalents increased to €230.8M from €145.5M at year-end 2025.
Outlook and guidance
Focus remains on innovation, competitiveness, safety, sustainability, and social responsibility.
Piaggio aims to consolidate its sector leadership and maintain ESG commitments.
Intermarine targets delivery of secured contracts and expansion of production capacity.
Is Molas subsidiary to continue marketing and rental activities for hospitality and golf facilities.
- Record EBITDA margin achieved in 2025 despite lower sales and net profit; no dividend proposed.IMS
H2 202523 Mar 2026 - Margins held steady as sales fell, with naval growth and no interim dividend amid uncertainty.IMS
Q3 202614 Nov 2025 - Revenue and profit declined, but naval sector revenue surged over 50%.IMS
H1 202527 Oct 2025 - Revenue and profit declined, but the naval segment secured a record order backlog.IMS
Q3 202413 Jun 2025 - Margins held firm despite revenue decline; major naval contract boosts outlook.IMS
H1 202413 Jun 2025 - Despite lower sales, Immsi achieved record margins and expanded its defence order book.IMS
H2 202411 Jun 2025 - Q1 2025 sales and profits declined, but investments and order backlog support future growth.IMS
Q1 20256 Jun 2025
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