Half Year 2025 Ariston Holding NV Earnings Call Transcript

Jul 31, 2025 / 01:00 PM GMT

Transcript

Key Points

Positve

Ariston Holding NV (FRA:E0E) reported a 3.6% organic growth in Q2, driven by improvements in the heating segment, particularly heat pumps.
The company improved its margin by 50 basis points year on year in Q2, supported by operating leverage and the 'fit to win' program.
Ariston Holding NV maintained strong working capital management, resulting in stable net working capital incidence on revenues.
The strategic partnership with Lennox is expected to accelerate penetration in the North American market, with product launches planned for 2026.
The company completed two bolt-on acquisitions to support the growth of its components division, enhancing its strategic positioning.

Negative

The German heating market remains in negative territory year-to-date, with a significant decline in gas and oil boiler sales.
Foreign exchange volatility had a significant impact on results, with major headwinds from the Mexican peso, US dollar, and several Asia Pacific currencies.
Free cash flow in Q2 was lower than the previous year, despite improvements in working capital management.
The reconsolidation of the Russian subsidiary and two bolt-on acquisitions were dilutive to the group's overall performance.
The company faces ongoing geopolitical uncertainties and consumer confidence volatility, impacting its growth outlook.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ARIS.MI - Ariston Holding NV
Half Year 2025 Ariston Holding NV Earnings Call
Jul 31, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the Co school conference operator. Welcome.

Thank you for joining. Is 2nd quarter and first half, 2025 results conference call.

As a reminder, all participants are in the mood. After the presentation, there will be an opportunity to ask questions.

Should anyone need assistance during the conference call, they may signal an operator by pressing star and 0 on the telephone. At this time, I would like to turn the conference over to the company manager. Please go ahead.

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Unidentified_2 [2]
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