Groupe Guillin (ALGIL) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 rose 2.4% year-over-year to €440.2M, with stable packaging volumes and 11% growth in the equipment segment, despite inflationary pressures on household consumption.

• Net income declined 31.4% to €22.0M, reflecting higher energy, labor, and recycled plastic costs despite rigorous cost management.

• Operating income declined 24.2% to €31.0M, mainly due to increased production expenses.

• The group maintained a strong industrial investment pace, spending €39.3M in H1 2025.

• Net financial debt increased slightly to €43.0M, with gearing stable at 0.07.

Financial highlights

• Operating income for H1 2025 was €31.0M, down 24.2% year-over-year, representing 7.1% of revenue.

• Net income margin was 5.0% of revenue.

• Cash flow from operations after net financial cost and tax was €45.0M, representing 10.2% of revenue and down 15%.

• Dividend of €1.00 per share paid in June 2025, down from €1.10 in 2024.

• Net debt increased to €43.0M, up €2.7M year-over-year.

Outlook and guidance

• Persistent inflation and geopolitical tensions are expected to continue impacting costs and consumer demand, with performance closely tied to European household consumption.

• The group aims to maintain competitiveness through productivity initiatives, innovation in sustainable packaging, and industrial investments.