Synergie (SDG) H1 2025 earnings summary

Executive summary

• Revenue reached €1,583.6 million in H1 2025, up 1.8% year-over-year, with international operations contributing 60.5% and offsetting domestic market tensions.

• Net profit declined 14.1% to €27.2 million, mainly due to lower financial results, higher amortisation, and a one-off French tax levy.

• EBITDA was €63.2 million (4.0% of revenue), nearly flat from last year.

• The group maintained a robust financial structure, with shareholders' equity at €727.8 million and net cash position at €376.7 million.

• Recognized for ESG leadership and awarded as a top employer in Europe.

Financial highlights

• Revenue increased by €28.2 million (+1.8%) year-over-year, with international growth driven by Spain, Australia, and a €26.2 million scope effect from Australian integration.

• EBITDA was stable at €63.2 million, down 0.2% year-over-year.

• EBITA decreased by 3.8% to €48.5 million, with margin stable at 3.1% of revenue.

• Net profit dropped by €4.5 million (-14.1%) due to lower financial results and exceptional French tax.

• Operating cash flow was €29.5 million, down from €47.1 million in H1 2024.

Outlook and guidance

• Management expects revenue growth in H2 2025 despite macroeconomic and political uncertainties.

• Plans to accelerate market share growth, increase diversification, and pursue acquisitions in existing countries.

• Focus on cost reduction, working capital optimization, and digital transformation with AI integration.

• The group is focused on agility and adapting its service offerings to evolving market conditions.