Arteche Lantegi Elkartea (ART) H1 2025 earnings summary

Executive summary

• Achieved record H1 2025 results, surpassing several 2026 strategic plan targets, with orders reaching €302.2 million, revenue at €256.2 million, and net profit up 168.5% to €19.9 million.

• Double-digit growth in order intake and revenue, with strong performance across most geographies and business lines.

• Strategic acquisitions and alliances, including RTR Energía and AMETS JV, reinforced grid and renewables position and contributed to segment growth.

• Significant progress on ESG and sustainability, with improvements in waste recycling, carbon footprint, gender equality, and operational goals.

• Operating profit rose to €30.6 million from €17.6 million year-over-year, reflecting improved margins and business strategy.

Financial highlights

• Order intake reached €302.2 million (+6.2% y/y), with a book-to-bill ratio of 1.18x.

• Revenue grew 13.9% year-over-year to €256.2 million, exceeding strategic targets.

• EBITDA reached €38.4 million (+55.6% y/y), margin at 15.0% (+390–400 bps y/y).

• Net profit rose 168.5% year-over-year to €19.9 million, with EPS at €0.35 (+169.2% y/y).

• Direct/gross margin improved to 37.1%, up 210 bps from H1 2024.

Outlook and guidance

• FY2025 sales expected between €500–515 million, EBITDA €72.5–77 million, margin 14.5–15%.

• Anticipated 12–15% sales growth and 40–50% EBITDA growth for 2025.

• Order backlog reached €340.3 million as of June 30, 2025, up from €279.8 million at year-end 2024.

• 2026 guidance to be updated, with several targets already exceeded.