Quest Holdings SA (ATH:QUEST)
€ 7.24 -0.14 (-1.9%) Market Cap: 765.27 Mil Enterprise Value: 745.99 Mil PE Ratio: 15.60 PB Ratio: 2.14 GF Score: 93/100

Q2 2025 Quest Holdings SA Earnings Call Transcript

Sep 4, 2025 / 10:59 AM GMT
Release Date Price: €7.4 (-0.40%)

Key Points

Positve
  • Quest Holdings SA (FRA:9IVA) reported double-digit growth in sales, EBITDA, and EBT for the first half of 2025, driven by the integration of Benrubi and strong performance in commercial activities and IT services.
  • The company's IT services segment benefited from high demand, particularly from Greek public sector digital transformation projects and EU contracts, contributing to a 19% growth in EBT.
  • The commercial activities segment saw a 12.4% increase in sales, bolstered by the integration of Benrubi and decreasing interest rates.
  • Quest Holdings SA (FRA:9IVA) maintained a solid cash position with over $200 million in cash and available credit lines, supporting planned growth investments.
  • The company anticipates continued positive performance for the remainder of 2025, with expectations of high single-digit to low double-digit growth in consolidated sales and EBITDA surpassing €100 million.
Negative
  • Earnings after tax and non-controlling interest showed only a slight increase of 1.4%, impacted by higher corporate income taxes and minority interests in ACS and Benrubi.
  • The energy segment experienced an 8% decline in sales due to adverse weather conditions and power grid constraints, with a slight drop in profitability.
  • The courier business recorded low single-digit growth, with sales affected by fewer working days and slow growth.
  • The company's net cash position declined from €82 million at the end of 2024 to €0.6 million by June 2025, primarily due to the Benrubi acquisition, dividend distribution, and seasonal working capital demands.
  • The effective tax rate for certain subsidiaries, such as Uni Systems, was notably high at 39%, due to deferred taxes and non-deductible expenses, which impacted overall profitability.


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E D I T E D V E R S I O N

IQTr.AT - Quest Holdings SA
Q2 2025 Quest Holdings SA Earnings Call
Sep 04, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I'm Vasillius, your course call operator. Welcome and thank you for joining the Quest Holdings conference call and live webcast to present and discuss the first half 2025 financial results. At this time, I would like to turn the conference over to Quest Holdings management. Gentlemen, you may now proceed.

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Unidentified_2 [2]
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Welcome, ladies and gentlemen. My name is Alexandrorutas, investor relations officer of Quest Holdings. As usual, I'm joined today by our CEO, Mr. Apostolos Yorganzis and our deputy CEO and CFO,
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