SIMPAR Q2 2026 EPS beats estimates as revenue falls short

Italian mobility services provider SIMPAR on Wednesday reported adjusted earnings per share that exceeded analyst estimates for the second quarter of 2026, even as total revenue fell short of expectations.

The company, which operates in car-sharing and mobility services, posted adjusted EPS of €0.45, beating the consensus estimate of €0.40 compiled by Refinitiv, according to a transcript of its earnings call. Revenue for the quarter declined 4.2% year-over-year to €185.3 million, below the €192.0 million forecast.

SIMPAR attributed the revenue shortfall to softer demand in its core European markets, where economic uncertainty and reduced consumer spending weighed on bookings. Chief Executive Officer Carlo Tavecchio said the company maintained tight cost controls and operational efficiency despite the challenging environment.

Adjusted operating profit fell 6.8% to €22.1 million, while the group’s net profit increased 3.1% to €15.8 million on lower tax expenses. Free cash flow turned negative at €8.4 million, compared with a positive €12.7 million in the same period last year, reflecting higher capital expenditures and working capital outflows.

Management reaffirmed its full-year guidance for adjusted EPS in the range of €1.50 to €1.60, citing expectations of a gradual recovery in mobility demand by the second half of 2026. The company also announced a €50 million share buyback program, to be executed over the next 12 months, pending regulatory approval.

Analysts at Intesa Sanpaolo maintained a neutral rating on SIMPAR following the results, citing the revenue miss but acknowledging the EPS beat and cost discipline. The stock was down 2.1% in early trading on Wednesday as investors weighed the mixed performance against the buyback announcement.