Interpump Group Spa (IPGLF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Conference Operator, welcome and thank you for joining the Interpump First Quarter 2026 Financial Results Conference Call. As a reminder, all participants are in listen-only mode and after the presentation there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Fabio Marazzi, CEO of Interpump. Please go ahead, sir. Thank you. Thank you. I'm Fabio Marazzi, Interpump Group Chief Executive Officer. Good afternoon or good morning, depending on your time zone, and welcome to this Interpump First Quarter 2026 Financial Results Conference Call. Before starting, I would like to inform you that Elisabetta Kunjaska, former head of investor relations, recently left the company and that, starting from June 1st, the new head of investor relations will be Mr. Federico Pavese, joining us after a long experience in CNH and Pirelli, to whom I formulate my best wishes for his future within Interpam Group. As usual, I must draw your attention to the disclaimer slide inserted in the next part of the presentation. that I hope you are able to download from our website. I will start the Q126 presentation, as always, with past and future numbers. Past numbers. On organic basis, in the first quarter of 2026, we had a 2.2% organic growth. Positive number for the fourth consecutive quarter. And a minus 2 EBITDA, with a 60 basis point EBITDA margin dilution, mainly explained by the different contributions from the two divisions, with a stronger hydrolysis and a weaker water-jetting performance. Future numbers. Both the results of the first quarter 26 and the sales evolution for the month of April are slightly bet...