Belgium's Deceuninck H1 sales rise, net profit more than doubles

Deceuninck NV

20/08/2026 05:42

Overview
Belgium building materials maker's H1 sales rose 9.5% yr/yr, driven by volume growth
Adjusted EBITDA for H1 grew 23.4% yr/yr, margin increased to 16.0%
Net profit for H1 more than doubled yr/yr, supported by higher profitability in Türkiye

Outlook
Company expects a volatile market environment in H2 2026 due to macroeconomic uncertainty
Deceuninck sees continued supportive market conditions in Türkiye for the rest of 2026
Company anticipates persistent challenges in North America from high mortgage rates and tight labor market

Result Drivers
VOLUME GROWTH - Co said H1 sales rose 9.5% yr/yr, mainly driven by a 3.7% increase in volumes
TÜRKİYE PROFITABILITY - Co said higher profitability in Türkiye was the main driver of adjusted EBITDA growth
PRICE/MIX IMPROVEMENTS - Co said price and mix improvements offset negative FX impacts from US dollar and Turkish lira

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Sales
 
EUR 420.10 mln
 
H1 Net Income
 
EUR 26.20 mln
 
H1 Adjusted EBITDA
 
EUR 67.30 mln
 
H1 Adjusted EBITDA Margin
 
16.00%
 
H1 Gross Profit
 
EUR 152.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for Deceuninck NV is €2.60, about 16.3% above its August 19 closing price of €2.24
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 19 - Switzerland's Geberit H1 sales rise on volume growth
Aug 19 - Denmark's Rockwool Q2 revenue rises on volume growth; lifts 2026 outlook
Aug 19 - NZ's Fletcher Building warns on first-half earnings, swings to annual profit

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)