Aubay Société Anonyme (AUB) Q2 2026 TU earnings summary

Executive summary

• Q2 2026 revenue reached €173.6 million, up 30.7% as reported and 12.2% organically compared to Q2 2025, marking a second consecutive quarter of double-digit organic growth.

• H1 2026 revenue totaled €351.8 million, up 30.8% as reported and 11.4% organically year-over-year, significantly outperforming the market.

• Growth was driven by strong commercial activity, favorable pricing, and successful integration of Solutec, enhancing scale and project wins.

Financial highlights

• France Q2 revenue was €105.5 million, up 46.4% reported and 12.3% organic; H1 revenue was €217.1 million, up 48.5% reported and 12.8% organic year-over-year.

• International Q2 revenue was €68.1 million, up 12.0% organic; H1 revenue was €134.7 million, up 9.7% organic year-over-year.

• Operating margin for H1 2026 is expected around 7.5%, higher than H1 2025.

Outlook and guidance

• 2026 revenue guidance raised to €695–705 million (previously €676–690 million), with a profit margin target of 9–10%.

• Upward revision reflects strong sales momentum and international acceleration.