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Immsi (IMS) investor relations material
Immsi Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Margins were maintained through careful financial management despite revenue declines in some sectors.
Naval sector saw a sharp rise in turnover and EBIT, driven by the defense division and a strong order book exceeding €1 billion.
Industrial sector (Piaggio Group) improved gross margin percentage despite lower sales due to macroeconomic factors and trade tensions.
Hotel sector is investing to strengthen commercial operations.
Financial highlights
Consolidated net sales: €1,267.1 million, down 8.9% year-over-year.
EBITDA: €201 million, down 9.8% year-over-year; EBITDA margin 15.9%.
EBIT: €82.9 million, down 28.4% year-over-year; EBIT margin 6.5%.
Profit before tax: €28.3 million, down 50.2% year-over-year.
Net profit including minorities: €14.5 million, down 57.7% year-over-year.
Capital expenditure: €114.5 million, down from €133.6 million year-over-year.
Net financial debt: €928.4 million, improved from €947.3 million at end-2024.
Shareholders' equity: €354.8 million, down from €385.4 million at end-2024.
Outlook and guidance
Industrial sector guidance for 2025 depends on geopolitical and economic stability; focus remains on liquidity, productivity, and flexible investment.
Naval sector aims to complete current contracts and expand production capacity, leveraging a strong order book.
Real estate and hospitality sector to continue marketing and rental activities, targeting increased resort clientele.
Interim dividend for 2025 will not be distributed due to macroeconomic uncertainty; final dividend decision postponed.
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