Italy · Delayed Price · Currency is EUR Interpump Group Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw resilient margins and strong cash flow despite a slight organic sales decline, with Hydraulics offsetting Water-Jetting weakness. Guidance for 2026 is toward the upper end of organic growth and EBITDA margin ranges, supported by robust M&A and capital discipline.
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Q1 2026 saw 2.2% organic growth and resilient profitability despite margin dilution from mix shifts. Hydraulics outperformed with double-digit growth in key sectors, while water jetting faced tough comps. Guidance for 2026 is maintained amid geopolitical and cost headwinds.
Fiscal Year 2025
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Q4 2025 saw strong Hydraulics recovery and record free cash flow, while Water-Jetting maintained robust full-year growth. 2026 guidance is cautious (-2% to +3% organic), reflecting macro uncertainty, with bolt-on M&A and a EUR 2.5 billion revenue target for 2028.
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Q3 2025 saw a return to growth in Hydraulics (+3.4% organic), record free cash flow, and improved profitability, with guidance raised to the upper end of the range. Water-Jetting remained stable, and acquisitions and cost discipline support future growth.
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Organic revenue grew 1% in Q2, led by 19% growth in water-jetting and improved Hydraulics trends. EBITDA margin rose to 23.2%, and guidance for 2025 is maintained amid ongoing tariff and geopolitical risks.
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Q1 2025 saw an 8% organic sales decline and 12% EBITDA drop, but margin protection improved versus last year. Hydraulics remained weak, water jetting grew, and guidance for 2025 is reaffirmed with EBITDA margin at 22–22.5%.
Fiscal Year 2024
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Record free cash flow and resilient profitability were achieved despite a 9% organic sales drop, with Water Jetting outperforming and Hydraulics remaining weak. 2025 guidance is cautious, targeting organic sales between -5% and +1%, and further CapEx normalization is planned.
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Q3 saw continued sales declines, especially in Hydraulics, but profitability and cash flow remained resilient. Water-Jetting delivered strong growth and record backlog, while CapEx and free cash flow trends were positive. 2024 guidance was revised slightly lower, with ongoing strategic acquisitions and ESG progress.