Q1 2026 Tinexta SpA Earnings Call Transcript
Key Points
- Tinexta (STU:7T4) reported strong free cash flow on an adjusted basis, growing 12% to EUR35 million for the quarter.
- Digital Trust division showed resilience with a 0.4% growth in revenues and a 1.3% increase in EBITDA, maintaining a strong EBITDA margin of 29.4%.
- Business Innovation division experienced a 7.6% growth in top-line revenue.
- The company has implemented strict financial discipline, resulting in improved net working capital and strong cash generation.
- Guidance for the year includes a projected revenue growth of 3% to 4% and an EBITDA adjusted growth of 6% to 7%.
- Overall EBITDA adjusted declined by 14% compared to the prior year, indicating pressure on profitability.
- Cybersecurity division faced a challenging quarter with a 16% decline in revenues and a 61% drop in EBITDA, resulting in low margins of 5.4%.
- Net profit on a reported basis was negative EUR5 million for the quarter.
- The company experienced a significant decline in the success rate of subsidized financing projects in France, impacting Business Innovation division's performance.
- Increased utilization of third-party services led to an erosion of a couple of points in EBITDA margin.
Good afternoon. This is a chorus call conference operator. Welcome and thank you for joining the Tinexta Group consolidated results as of the 31 of March 2026 presentation.
(Operator Instructions)
At this time, I would like to turn the conference over to Mr. Joseph Mastragosino, Chief Investor Relations Officer. Please go ahead, sir.
Thank you, operator. Good afternoon and good morning to the folks connecting from abroad.
Thank you for joining Tinexus' first quarter 2026 results presentation. Here with me today, Odoneposi Group Chief Financial Officer.
Good afternoon and good morning.
As a reminder, all the relevant documentation of the first quarter results can be downloaded from the company website in the Investor Relations section. For the purpose
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