Earnings call transcript: VusionGroup posts strong H1 2026 growth, shares slip
VusionGroup reported strong first-half 2026 growth, with revenue up about 30%, driven by a shift toward software and services. Adjusted EBITDA margin expanded to 19.1% and adjusted net income increased 81% to EUR 77 million. The company raised its full-year outlook to 15% to 20% organic growth, while shares fell 1.68% to $117, leaving the stock below its 52-week high of $262.
Organic revenue grew 30% organically and 37% at constant tariffs and exchange rates. Adjusted EBITDA rose 38%, while margin expanded to 19.1%. Adjusted EBIT increased 82%, crossing 11% of sales. Recurring VAS revenue rose over 70% year over year, underscoring the shift toward services. Management expects over EUR 1 billion in order intake in H2 2026, with a strong fourth quarter.
The company supports over 50,000 stores with its cloud platform and more than 500 million cloud-managed devices.
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