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Eurocell (ECEL) Q2 2026 Earnings Report
GB:ECEL Q2 2026 EPS Results
- Actual EPS
- GBP 0.06
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- GBP 0.06
GB:ECEL Q2 2026 Revenue Results
- Actual Revenue
- GBP 205.20M
- Expected Revenue
- GBP 153.17M
- Beat/Miss
- Beat by +GBP 52.03M
- YoY Revenue Growth
- +6.21%
Earnings Announcement Details
- Quarter
- Q2 2026
- Date
- 09/03/2026
- Time
- Before Open
- Conference Call
- Thursday, September 3, 2026
Eurocell's next earnings date is estimated for March 25, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
The call was broadly positive, with revenue, adjusted operating profit, organic volumes, Q2 and second-half sales momentum, Alunet, branch initiatives, digital sales, shareholder returns and balance-sheet strength all improving. These positives were tempered by difficult market conditions, a 5% Profiles sales decline, competitive pricing pressure, inflation, restructuring and ERP charges, weaker cash generation versus the prior year and a safety-performance setback.
Eurocell expects full-year depreciation and amortization to be in the region of GBP 29 million, a slightly lower full-year tax rate of 24%, total CapEx of up to GBP 13 million, including GBP 3 million for strategic initiatives, GBP 3 million for site consolidation and GBP 3 million for facilities, welfare and safety improvements, and non-underlying ERP costs of approximately GBP 14 million for the 2024 to '27 period; the 3 major restructuring projects should deliver more than GBP 5 million of annual savings with GBP 2 million realized this year, the ERP transition is on track to take place at the end of the year, Power Up has a target of 15,000 by the year-end, Alunet is expected to sustain a low-teen operating margin, the company intends to continue share buybacks in due course subject to maintaining a strong financial position, and net debt is generally not to exceed 1x EBITDA unless there was a clear short-term deleveraging plan in place; management also said it remains committed to the GBP 250 million medium-term ambition and is confident it will deliver further progress in 2026.
- Group Revenue and Operating Profit GrowthGroup revenues increased 6% year over year, from GBP 193 million to GBP 205 million, while adjusted operating profit rose 10% from GBP 10.1 million to GBP 11.1 million, supported by Alunet, cost control and restructuring benefits.
- Improving Organic Volume MomentumOrganic volumes were 1% higher than in H1 2025. Organic sales increased 4% in Q2, with the momentum continuing into the second half; July organic sales were up 4% and August organic sales were up 5%.
- Branch Network Sales ImprovementBranch network sales increased 5% and volumes rose 6% in the first half. The improvement was particularly evident in Q2 and continued into the second half.
- Strategic Initiative GrowthSales from strategic initiatives increased by GBP 6.6 million, including windows and doors sales up 29% and e-commerce activity up 49%. The initiatives generated GBP 1.8 million of incremental profit with an EBIT margin of 16% for the period.
- Alunet Strong PerformanceAlunet performed in line with expectations and its acquisition model. First-half sales growth was 13% on a calendar basis, while like-for-like six-month sales increased 15%. Alunet generated GBP 10.1 million of sales and had a 14.4% operating margin, which management described as sustainable at a low-teen level.
- Comp Door GrowthComp Door generated GBP 11.9 million of sales, with like-for-like six-month sales increasing 21%.
- Digital Sales ExpansionDigital sales increased 49% year over year to GBP 4.4 million. Website improvements were made to drive traffic and improve the customer experience, and the website also supports fabricator activity and new trade accounts.
- Windows and Doors MomentumEach month in 2026 set a new record for windows and doors sales. Momentum continued into the second half, supported by an expert sales team and improved customer inquiry-to-delivery processes.
- Customer Loyalty GrowthThe Power Up loyalty scheme had 11,000 registered customers, with a target of 15,000 by year-end. Members were described as demonstrating enhanced spend and frequency of visit.
- ATT Acquisition Supports Extended Living StrategyEurocell completed the GBP 5 million acquisition of ATT, its garden-room manufacturing partner. Management said the acquisition will provide greater control over the range, route to market and end-to-end margin, supporting the extended living strategy.
- Strong Balance Sheet and Debt HeadroomPre-IFRS 16 net debt was GBP 28.1 million at the end of June, with leverage at 0.8x EBITDA and good headroom on the recently refinanced GBP 75 million debt facility. Management described the balance sheet as strong and providing security, flexibility and options for the future.
- Shareholder Returns and Dividend IncreaseThe interim dividend increased 9% to 2.5p per share. Eurocell reported total shareholder return yields of 14% in 2024 and 8% in 2025 and intends to continue share buybacks in due course, subject to maintaining a strong financial position.
- Cost Savings and Restructuring ProgressThree major restructuring projects are expected to deliver more than GBP 5 million of annual savings, with GBP 2 million expected to be realized in 2026. The company has consolidated its recycling plants, closed 10 branches, exited Ireland and implemented targeted headcount reductions.
- ERP Upgrade on TrackThe GenetiQ trade-counter system and IFS ERP replacement are in testing and training phases, with transition to the new systems on track for the end of the year. The systems are intended to simplify branch processes and automate activities.
- Recycling and ESG ProgressEurocell prevents 3 million waste windows from being sent to landfill each year, uses 28% recycled material in extrusion and now uses 100% renewable electricity. Recent investments in on-site electricity generation were described as delivering good returns.
- Positioning for Sustainable ConstructionManagement said Eurocell is well placed to benefit from tightening sustainability regulations, including the Future Home Standard, whose final implementation begins this year with all new homes required to comply by 2028.
- Manufacturing Capacity and InvestmentThe company said it has manufacturing capacity in place ahead of demand. First-half investment was GBP 6.5 million, including GBP 1 million in recycling, GBP 0.9 million in warehousing and GBP 1 million in the branch network. Full-year CapEx guidance is up to GBP 13 million.
- Stable Recycling Feedstock CostsRecycling feedstock prices were described as very stable through 2025 and the first half of 2026, with no significant movements and no spike following the impact of the Middle East on other raw material prices.
GB:ECEL Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 25, 2027 | 2026 (Q4) | 0.10- | 0.07 | ― | ― |
| Sep 03, 2026 | 2026 (Q2) | ―0.06 | 0.06 | 3.39% (+0.00) | |
| Mar 19, 2026 | 2025 (Q4) | ―0.07 | 0.05 | 43.48% (+0.02) | |
| Sep 04, 2025 | 2025 (Q2) | ―0.06 | 0.06 | 5.36% (+0.00) | |
| Mar 20, 2025 | 2024 (Q4) | ―0.05 | 0.06 | -23.33% (-0.01) | |
| Sep 04, 2024 | 2024 (Q2) | ―0.06 | 0.04 | 30.23% (+0.01) | |
| Mar 20, 2024 | 2023 (Q4) | ―0.06 | 0.06 | -6.25% (-0.00) | |
| Sep 05, 2023 | 2023 (Q2) | ―0.04 | 0.11 | -61.26% (-0.07) | |
| Mar 16, 2023 | 2022 (Q4) | ―0.06 | 0.09 | -29.67% (-0.03) | |
| Sep 01, 2022 | 2022 (Q2) | ―0.11 | 0.1 | 13.27% (+0.01) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.