IT Link: sales up 1.3% in the third quarter, group targets more than 4% growth in the fourth quarter
On 2026-11-12, IT Link published revenue of €20.1 million for the third quarter of 2026. It is up 1.3%, both on a reported basis and at constant exchange rates. This growth relies on a calendar effect: according to the group, one additional production day contributed 1.5 points, which is more than the reported growth.
The year-end target therefore assumes an acceleration compared with the third quarter. Management expects revenue growth above 4% in the fourth quarter, which should bring annual growth to around 1.5% compared with 2025.
Over nine months, sales are stable, at €62.0 million (-0.2%, +0.1% at constant exchange rates).
A quarter supported by the calendar and a higher utilization rate
The 1.5-point contribution attributed to the additional production day alone exceeds the published growth for the quarter. The calendar effect therefore accounts for most of the sales increase between July and September, which puts the quarterly percentage into perspective.
The operational indicators published point to better use of teams. The utilization rate (ratio of days produced to potential production days) came in at 93.0%, up 1.8 points from the first half of 2026.
Production capacity also increased. At September 30, total productive headcount, including partner subcontractors, reached 949 consultants, compared with 913 a year earlier, for an employee headcount of 921 staff members.
France and services grow, international and solutions decline
France, which accounts for the bulk of activity, generated €16.82 million in the third quarter, up 2.9%. Over nine months, it grew 0.6% to €51.73 million, growth which the group attributes to its service activities, notably in the automotive, rail and public transport, banking and defense sectors.
Conversely, international declined 6.2% in the third quarter, to €3.27 million. Over nine months, the decline reached 4.2% (2.3% at constant exchange rates), the gap between the two rates reflecting an unfavorable currency effect. The group mainly attributes this to “persistent wait-and-see attitude” affecting public procurement in Canada.
By type of activity, service provision rose 1.3% over nine months, to €55.09 million (+1.7% at constant exchange rates).
Solutions activities fell 11.0%, to €6.89 million, a decline which the group relates to a high comparison base: they had grown 25.6% over the same period of 2025.
Growth above 4% expected in the fourth quarter
For fiscal year 2026 as a whole, management targets revenue growth of around 1.5% compared with 2025, a year in which revenue stood at €82.57 million according to accounts published on March 26, 2026. This target relies on a fourth quarter with growth of more than 4%.
The group also indicates that it expects current operating income “around 5%”, while remaining “attentive to macroeconomic and geopolitical contexts that are still uncertain”. Annual revenue will be published on February 18, 2027.
Over nine months, growth in France and in service provision only just offset the decline in international and solutions: achieving the annual target now depends solely on the fourth quarter.
