Synergie (SDG) investor relations material

Executive summary

• Revenue reached €1,710.5 million in H1 2026, up 8.0% year-over-year, driven by acquisitions and resilient operations.

• International operations contributed 63.6% of total revenue, up from 60.5% in H1 2025.

• EBITDA was €61.4 million (3.6% margin), down 2.8% year-over-year, reflecting market contraction in France, investments, and acquisition-related costs.

• Net profit totaled €24.5 million, a 10.0% decrease compared to H1 2025, impacted by acquisition costs and a less favorable market environment.

• Significant acquisitions included House of Flexwork in Switzerland and Agilus in Canada, expanding international presence.

Financial highlights

• Revenue increased by €127 million (+8.0%) year-over-year, with organic growth of €37 million (+2.3%).

• EBITDA margin was 3.6%, down from 4.0% in H1 2025.

• Operating profit declined 11.8% to €40.0 million.

• Net cash position at €258.5 million, down from €317 million at end-2025.

• Shareholders' equity increased to €762.3 million.

Outlook and guidance

• Economic and geopolitical uncertainties (Ukraine/Iran wars, Middle East conflict) are impacting global demand.

• Focus on accelerating market share gains through diversification, targeted acquisitions, and digitalization.

• Integration of Swiss and Canadian acquisitions and strong Southern Europe momentum underpin positive H2 2026 outlook.

• Emphasis on operational discipline and cash generation.