Interpump Group SpA (WBO:IP)
€ 34.8 +0.60 (+1.75%) Market Cap: 3.63 Bil Enterprise Value: 3.93 Bil PE Ratio: 17.63 PB Ratio: 1.71 GF Score: 71/100

Q3 2025 Interpump Group SpA Earnings Call Transcript

Nov 14, 2025 / 03:00PM GMT

Key Points

Positve
  • Interpump Group SpA (IPGLF) reported a 3.4% organic growth in the Hydraulics division, marking a recovery after seven consecutive quarters of decline.
  • The company achieved a record free cash flow generation of nearly EUR87 million in the third quarter, the highest in its history.
  • Sales growth accelerated from 1% in the second quarter to 2.3% in the third quarter, driven by the Hydraulics division.
  • The Water Jetting division secured more orders in recent months compared to the same period last year, indicating strong market demand.
  • The company successfully completed the relocation of the New Interpump Hydraulics facility, maintaining production throughout the process.
Negative
  • The Water Jetting division experienced a slowdown in growth, flattening after a strong 19% increase in the previous quarter.
  • The United States market recorded a decline of around 5%, although this was an improvement from previous quarters.
  • The company faces challenges in the Water Jetting division due to the absence of high-value contracts, affecting quarterly comparisons.
  • There is a risk of order cancellations or postponements by customers, which could impact year-end results.
  • The construction application market in the US remains weak, affecting the performance of the Hopkinsville, Kentucky plant.
Operator

Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Interpump third quarter 2025 financial results conference call. (Operator Instructions)

At this time, I would like to turn the conference over to Ms. Elisabetta Cugnasca, Group Head of IR. Please go ahead, madam.

Elisabetta Cugnasca
Interpump Group SpA - Head of Investor Relations

Thank you. Good afternoon or good morning, depending on your time zone, and welcome to this Interpump third quarter 2025 financial results conference call. As usual, I must draw your attention to the disclaimer answered in the annex part of the presentation that I hope you were able to download from our website. Now I would like to leave the floor to Mr. Marasi, Group Chief Executive Officer.

Fabio Marasi
Interpump Group SpA - Chief Executive Officer, Executive Director

Thank you, Ms. Cugnasca, and thanks to all of you for joining our call. We are here to speak about the third quarter '25 results and 2025 expectations. Starting

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