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Chargeurs (CRI) investor relations material
Chargeurs Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 revenue reached €165.7 million, down 8.3% organically and 11.8% reported year-over-year, reflecting FX headwinds and portfolio changes.
Imminent divestment of Novacel marks a strategic shift toward high-end content and expertise, focusing on rare assets with high barriers to entry.
Commercial momentum remained strong across most businesses despite a complex geopolitical environment.
Financial highlights
Group revenue excluding Novacel was €93.6 million, down 13.6% organically and 17.5% reported year-over-year.
Europe returned to organic growth (+0.9%), while Asia (-7.3%) and Americas (-20.1%) declined, mainly due to project phasing.
Net asset value as of December 31, 2025, stood at €585 million.
Outlook and guidance
Novacel divestment expected to complete in the coming weeks, accelerating the portfolio's transformation.
Museum Studio's strong order book (>€280 million) provides high visibility for future revenue.
Phasing effects in Museum Studio expected to normalize over the year as projects progress.
- Novacel sale and strategic refocus boost financial flexibility and target €1bn NAV by 2030.CRI
Q4 202519 Mar 2026 - Strong growth, strategic transformation, and all resolutions passed amid market and regulatory risks.CRI
AGM 202523 Dec 2025 - Strong Q3 growth in new businesses and luxury brands, with a robust outlook for 2026.CRI
Q3 20255 Nov 2025 - Stable H1 2025 revenue and NAV growth, strong Museum Studio, Novacel sale under review.CRI
Q2 202510 Sep 2025 - Q3 2024 revenue up 11.2% year-over-year, led by Novacel and Museum Studio growth.CRI
Q3 202413 Jun 2025 - Double-digit revenue growth and strong cashflow marked H1 2024, despite one-off costs.CRI
Q2 202413 Jun 2025 - Q1 2024 revenue up 10% as Chargeurs accelerates growth in high-value, sustainable markets.CRI
Investor Presentation13 Jun 2025 - Museum Studio and Personal Goods fueled 5.6% Q1 2025 revenue growth amid global headwinds.CRI
Q1 20256 Jun 2025 - Double-digit revenue growth, profit recovery, and strategic transformation marked 2024.CRI
Q4 20245 Jun 2025
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