Interpump Group (IPA) investor relations material

Executive summary

• Q1 2026 revenues reached €524.8 million, up 0.6% year-over-year, with organic growth of 2.2% driven mainly by the Hydraulic Division, offsetting Water Jetting declines.

• EBITDA was €114.7 million, down 2.3% year-over-year, with a margin of 21.9% versus 22.5% in Q1 2025, reflecting a less favorable sales mix and cost inflation.

• Net profit increased 0.9% to €57.5 million, with basic EPS rising to €0.538 from €0.531.

• Free cash flow improved to €32.5 million, up from €29.6 million in Q1 2025, driven by lower CapEx and improved inventory management.

• The group highlights resilience and profitability amid challenging market conditions, supported by business diversification and operational flexibility.

Financial highlights

• Group sales reached €524.8 million, with organic sales up 2.2% and gross profit margin at 34.7%.

• EBIT fell 5.1% to €82.8 million (15.8% margin), and net financial position improved to €294.6 million.

• Free cash flow reached a record €32.5 million for the quarter.

• CapEx decreased by over 45% year-over-year to €19 million, reflecting ongoing normalization.

• Shareholders’ equity rose to €2,152.8 million.

Outlook and guidance

• Revenue growth for FY 2026 is expected between +3% and -2% organically, with EBITDA margin guidance at 22%–22.5%.

• Free cash flow generation is expected to consolidate or exceed 2025 record levels.

• April revenue trends confirm and strengthen Q1 performance.

• Management remains cautious due to geopolitical uncertainties and low market visibility.