Sesa S.p.a Stock Earnings Reports

SeSa Group reported a solid first quarter of FY2026 with a return to growth and confirmation of its FY26 guidance. Consolidated revenues were EUR 846M (+8% YoY) and EBITDA EUR 61M (+7.2% YoY); adjusted net profit was EUR 29.8M (+6.4% YoY). Organic growth was more modest (revenues +2.2% YoY, EBITDA +4% YoY). Segment highlights: ICT VAS showing progressive recovery (down 2.7% but backlog grew double-digit in July–August), Digital Green VAS strong (+24.7% revenues, double-digit organic growth), Software & System Integration modestly up (+2.8%) with re‑engineering impacts, and Business Services growing (+3.0%) with a 25% increase in EBITDA. Net financial position improved (net debt EUR 65M vs EUR 75M at Apr‑30‑25) driven by lower interest costs and better working capital; financial expenses fell materially. Strategy update: shift from acquisitive expansion to simplification and organic growth, focused CapEx on AI, automation and digital platforms (annual CapEx ~EUR 50M; M&A budget reduced to ~EUR 30M/year). Recent selective European acquisitions (Visicon GmbH, Delta Informaciones) were small and accretive. Capital allocation: dividend maintained at EUR 1/share, share buyback increased to EUR 25M (payout ratio raised to ~40%), and cancellation of up to 2% treasury shares. Management reiterated FY26 targets: revenues +5–7.5%, EBITDA +5–10%, net profit ~+10%, and commitment to execute the industrial plan emphasizing organic growth, operating efficiency and digital/ESG initiatives.