Q1 2026 Quest Holdings SA Earnings Call Transcript
Key Points
- Quest Holdings SA (STU:9IVA) reported a consolidated revenue growth of 11.4% year-over-year, indicating a strong start to 2026.
- Earnings before tax increased by 10%, and earnings after tax and noncontrolling interest grew by 13.8%, reaching EUR 10.4 million.
- The IT services segment, Uni Systems Group, showed exceptional growth with revenues up by 23.4% year-over-year.
- The Postal Services segment, ACS, reported a 12% increase in revenues, driven by e-commerce parcel volume growth and network efficiency gains.
- Quest Holdings maintains a robust financial position with cash and cash equivalents of EUR 152 million and a net cash position of EUR 65.2 million, providing ample liquidity for strategic initiatives.
- The Renewable Energy segment recorded minimal revenue due to the divestment of photovoltaic parks in 2025, impacting year-over-year comparisons.
- Net cash position decreased from EUR 1007 million at year-end 2025 to EUR 65.2 million at the end of the first quarter, reflecting seasonal working capital buildup.
- The commercial activity segment faced flat or low demand in the first quarter, potentially impacting future growth.
- Increased expenses due to rising energy and transportation costs pose a risk to profitability.
- The EBITDA margin for the IT services segment dropped slightly, attributed to the mix of projects and not cost increases, but it remains a point of concern.
Ladies and gentlemen, thank you for standing by. I am Maria, your Chorus Call operator. Welcome, and thank you for joining the Quest Holdings conference call and live webcast to present and discuss the first quarter 2026 financial results. The event today provides the opportunity for participation via audio conference and live webcast where a presentation deck is provided for your convenience. (Operator Instructions) The conference is being recorded. (Operator Instructions)
At this time, I would like to turn the conference over to Quest Holdings management. Gentlemen, you may now proceed.
Welcome, ladies and gentlemen. My name is Alexandros Roustas. I'm the Investor Relations Officer of Quest Holdings. I'm joined today by Mr. Apostolos Georgantzis, our Group CEO; and Mr. Markos Bitsakos, our Deputy CEO and CFO.
Today, we are presenting the financial results for the first quarter of 2026, the 3-month period ended on March 31, 2026, and we'll be happy to answer your questions at
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