BIO-UV Group (ALTUV) H1 2025 earnings summary

Executive summary

• EBITDA margin improved to 17.3% in H1 2025, with net income up 258% year-over-year and net profitability at 6.6%.

• Revenue declined 8% to €20.4 million, reflecting a challenging swimming pool market and the end of the maritime retrofit market.

• Services & Aftermarket division grew 14%, offsetting some declines in Products and Solutions divisions.

Financial highlights

• Revenue for H1 2025 was €20.4 million, down 8% compared to H1 2024.

• EBITDA reached €3.5 million, with margin rising to 17.3% from 17.1% a year earlier.

• Operating income increased 6% to €2.0 million; operating margin rose to 9.9%.

• Net income (group share) surged to €1.3 million, up 258% year-over-year; net margin at 6.6%.

• Free cash flow for H1 2025 was €1.0 million; cash position increased by €5.5 million.

Outlook and guidance

• Targeting slight organic revenue growth for full-year 2025, driven by Solutions and Services & Aftermarket divisions.

• Expects notable improvement in Solutions division in H2 2025, especially in aquaculture and exports.

• Focus remains on improving EBITDA and further reducing financial debt.

• Plans to resume proactive external growth, particularly in North America.