Implenia, the Swiss construction and real estate group, reported a 6% increase in first-half EBIT to CHF 60.4 million, even as revenue fell 4.8% to CHF 1.77 billion.
The company’s net income totaled CHF 35.57 million for the six months ended June 30. Free cash flow remained negative at CHF 117.72 million but showed improvement compared with the prior period.
Revenue declined primarily in the Civil Engineering division, where contributions from early phases of major infrastructure projects were lower. Despite the drop, EBIT growth reflected a shift toward specialized, higher-margin segments and ongoing operational digitalization.
The order book expanded by 9.6% to CHF 8.5 billion, signaling potential future revenue streams. Implenia reaffirmed its full-year 2026 EBIT target of approximately CHF 150 million before growth investments, with expectations to exceed that level from 2027 onward.
For the second half of 2026, the company plans to allocate CHF 10-20 million toward growth initiatives. Improved free cash flow performance was attributed to tighter cash management and progress in working capital optimization.
