Belgium's ABO-Group 2025 net profit slumps amid construction market slowdown

ABO-Group Environment NV

27/03/2026 17:43

Overview

Belgium engineering and environmental services firm's 2025 revenue rose 11.1% to EUR 106.5 mln

EBITDA margin fell to 11.1% from 12.7%, mainly due to construction slowdown and contract delay

Net profit dropped 59.6% to EUR 0.8 mln, while operating cash flow rose 58%

Outlook

Company expects 2026 revenue to be around EUR 110 mln

Order book has increased significantly; about 30% of 2025 revenue already secured for 2026

Company sees continued pressure in construction sector, especially in France, but expects growth from major contracts in nuclear, infrastructure and defence

Result Drivers

ACQUISITIONS AND ORGANIC GROWTH - Revenue growth was driven by acquisitions in 2024 and 2025, which contributed 7.5 percentage points, and organic growth of 3.6%

MARGIN PRESSURE - EBITDA margin declined due to construction market slowdown, increased competition in environmental field services, and the postponement of a major French contract

IMPROVED WORKING CAPITAL - Operating cash flow rose 58% mainly due to improved working capital management

Company press release: ID:nGNE358FYJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY EPS
EUR 0.07
FY Net Income
EUR 777,000
FY EBITDA
EUR 11.8 mln
FY Operating Cash Flow
EUR 12.2 mln
FY Pretax Profit
EUR 1.6 mln


Analyst Coverage

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)