Solocal Group (LOCAL) Q3 2025 TU earnings summary

Executive summary

• Q3 2025 revenue reached €81.5 million, up 0.5% sequentially but down 2.7% year-over-year; nine-month revenue was €245.5 million, down 0.8% from the same period in 2024.

• Order backlog increased to €233.9 million as of September 30, 2025, a 6.2% rise from June 30, 2025.

• Strategic recovery plan (CLEAN/REPAIR/BUILD) is progressing, aiming for sustainable growth in H2 2026.

Financial highlights

• Q3 2025 revenue was €81.5 million, up 0.5% from Q2 2025 and down 2.7% from Q3 2024; like-for-like revenue down 7.0% year-over-year.

• Nine-month 2025 revenue was €245.5 million, down 0.8% year-over-year; like-for-like revenue down 11.2%.

• Historical revenue decline improved from -13.3% in H1 2025 to -11.7% for the nine months.

Outlook and guidance

• Revenue expected to remain stable for full-year 2025 compared to 2024, including Regicom's impact.

• Targeting restoration of EBITDA margin to 15% in 2025 through cost control.

• Recovery plan positions the group for a return to growth in H2 2026.