Implenia reported a 4.8% decline in first-half revenue to CHF1.77 billion, yet posted a 6% rise in operating profit (EBIT) to CHF60.4 million, exceeding analyst expectations.
The Swiss construction group attributed the improved profitability to its focus on higher-margin specialized segments and continued digitalization efforts. The EBIT margin expanded to 3.4% from 3.1% a year earlier, while net profit increased 6.8% to CHF35.6 million.
The order backlog rose 9.6% to CHF8.52 billion, with the pre-calculated project margin improving to 7.9% from 7.5% in the prior-year period. Analysts’ consensus, as compiled by AWP, had anticipated revenue near the reported level, but EBIT and margin figures surpassed expectations.
Spartan performance varied across divisions. The Buildings division, which includes specialized high-rise construction and real estate, posted an EBIT of CHF37.5 million, down from CHF41.5 million a year ago. Civil Engineering, focused on infrastructure and tunneling, saw EBIT increase to CHF18.8 million from CHF15.9 million, while the Service division’s EBIT rose to CHF11.7 million from CHF9.3 million.
Implenia reaffirmed its full-year guidance, targeting an EBIT of around CHF150 million by 2026, excluding planned extraordinary growth investments of CHF10-20 million for strategy execution. From 2027 onward, the company aims to surpass CHF150 million in EBIT, alongside a medium-term revenue increase of up to CHF1 billion and an EBIT margin of 4.5%.
