Esprinet Group posted H1 2026 gross sales of €2,089.3 million, an 8% increase from €1,931.5 million in the same period last year. Adjusted EBITDA for the half‑year rose 27% to €31.9 million, pushing the margin to 1.53% from 1.30% a year earlier. Net income grew 40% to €4.8 million, while adjusted EBIT surged 56% to €20.1 million.
Geographically, Spain led the growth with sales of €754 million, up 21% and outpacing a 12% market expansion. Portugal sales reached €51 million, up 37% versus 20% market growth, Italy sales were €1,276 million, up 4% in line with the market, and Morocco contributed €8 million, up 20%.
By product line, green‑tech sales jumped 40% to €138 million, solutions and services rose 13% to €469 million, screens (PCs, notebooks, tablets) increased 9% to €1,065 million, and devices grew 4% to €417 million. Division‑wise, the core Esprinet division posted revenues of €1,481.8 million (+6%) and adjusted EBITDA of €9.2 million (+74%). V‑Valley contributed €469.2 million in revenue (+8%) and €20.5 million of adjusted EBITDA (+11%), representing 64% of group EBITDA despite 22% of sales. Zeliatech revenues were €138.3 million (+38%) with adjusted EBITDA of €2.2 million (+57%).
On the balance sheet, net financial debt including IFRS 16 lease liabilities stood at €325.5 million as of 30 June 2026, flat versus €327.5 million a year earlier and down from €350.4 million at 31 March 2026. Operating net working capital was €427.8 million, the cash conversion cycle improved to 25 days from 29 days a year prior, with a medium‑term target of 21 days. Return on capital employed in Q2 2026 was 6.3%, down from 6.6% in Q2 2025.
