Hexaom (ALHEX) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 rose 10.5% year-over-year to €159.5M, driven by strong growth in house construction and intermediary renovation activities.

• House construction revenue increased 14.9% year-over-year, supported by a rebound in order intake since late 2024.

• Despite a challenging economic and geopolitical environment, commercial activity remains aligned with annual objectives, aided by stable interest rates and supportive housing policies.

Financial highlights

• Total Q1 2026 revenue: €159.5M, up 10.5% from Q1 2025.

• House construction: €133.2M (+14.9%); intermediary renovation: €4.7M (+14.6%); general contractor renovation: €4.3M (-24.6%).

• Promotion revenue: €14.0M (-5.4%); land development: €3.1M (-16.2%).

• At constant scope, revenue growth was 8.2%.

Outlook and guidance

• 2026 revenue expected to rise 20% with operational profitability above 5%.

• Focus on operational margin improvement, market share gains, and diversification, including franchise network expansion and new offerings.

• Continued vigilance on cost control and material price increases.