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Sesa S.p.A. (IT:SES)
:SES
Earnings Data
Report Date
Mar 12, 2026TBA (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
―Last Year’s EPS
1.67Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented solid financial progress: double‑digit reported revenue and EBITDA growth, strong Q2 acceleration, sectoral strengths (Digital Green, ICT VAS recovery), improved financial efficiency and active capital returns. Remaining weaknesses are concentrated in system integration margin pressure and near‑term margin timing in Business Services, plus conditional disposals and continued sizable investment levels. Management reaffirmed FY26 guidance and expects to reach or approach the upper end of targets, signaling confidence in organic momentum.Company Guidance
Consolidated Revenue Growth (Reported)
Consolidated revenues and other income of EUR 1.6 billion, up 12.0% year‑on‑year (reported).
Profitability Improvements (Reported)
EBITDA of EUR 114.4 million, up 11.4% year‑on‑year (EBITDA margin 7.1% broadly stable); consolidated EAT adjusted of ~EUR 50 million, up 17.1% year‑on‑year; group net profit adjusted EUR 45 million, up 13% year‑on‑year.
Strong Second Quarter Acceleration
Q2 revenues EUR 755 million, up 16% reported and 9.4% like‑for‑like; Q2 operating EBITDA up 16.6% reported and 8.4% pro forma; Q2 group EAT adjusted up ~30% reported and 17% pro forma — management highlights Q2 as major driver of H1 outperformance.
Digital Green VAS Outperformance
Digital Green VAS revenues EUR 210 million, up 26% vs H1 2025 pro forma; EBITDA EUR 14 million, up 30% pro forma (EBITDA margin 6.7%). Management cites strong demand tied to energy needs from digitalization and AI adoption.
ICT VAS Recovery and Backlog Improvement
ICT VAS revenues EUR 939 million, up 2.1% fully organic with a recovery vs prior declines; Q2 ICT VAS revenue growth +8.1% and November backlog +25%, supporting near‑term revenue visibility.
Business Services Momentum
Business Services revenues EUR 74 million, up ~7% year‑on‑year; EBITDA EUR 11.6 million, up 6.6% with a healthy 15.8% margin; Q2 revenue acceleration +11% driven by multiyear contracts.
Improved Financial Efficiency and Net Debt
Net financial expenses decreased ~11% vs H1 2025 (15.5% reduction in Q2 vs Q2 2025) due to lower interest rates and better financial management; net debt improved to EUR 119 million (including EUR 208 million IFRS debt), down from pro forma EUR 122 million.
Capital Allocation Discipline and Shareholder Returns
New industrial plan shifts toward organic growth and lower M&A; FY26 payout ratio raised to 40% with EUR 1/share dividend (EUR 15.5m) and an expanded EUR 25m buyback program (phase 1 EUR 15m completed); additional share cancellations executed (157,522 shares).
Selective M&A and Integration
Four strategic acquisitions in H1 (Germany, Spain, Italy, Switzerland) consolidated or to be consolidated with entry valuations ~5x EBITDA; targets generally deliver >10% EBITDA margins, confirming selective, value‑oriented M&A strategy.
ESG Recognition and HR Progress
Retained EcoVadis Platinum rating (highest level); headcount increased 1.7% vs April 30, 2025 and continued focus on training, inclusion and welfare programs.
IT:SES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IT:SES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Dec 18, 2025 | €83.00 | €84.90 | +2.29% |
Sep 11, 2025 | €74.31 | €82.32 | +10.79% |
Jul 17, 2025 | €80.98 | €69.01 | -14.78% |
Mar 13, 2025 | €68.96 | €69.56 | +0.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sesa S.p.A. (IT:SES) report earnings?
Sesa S.p.A. (IT:SES) is schdueled to report earning on Mar 12, 2026, TBA (Confirmed).
What is Sesa S.p.A. (IT:SES) earnings time?
Sesa S.p.A. (IT:SES) earnings time is at Mar 12, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Sesa S.p.A. stock?
The P/E ratio of Sesa S.p.A. is N/A.
What is IT:SES EPS forecast?
Currently, no data Available