Racing Force: +18% Revenue Growth in Q1, Boosted by Contracts
Racing Force reported a revenue of 24.3 million euros in the first quarter of 2026, up 18% year-over-year, supported by remarkable acceleration in America. However, this growth masks disparities: the Car Parts segment declined, while overall growth largely benefited from multi-year contracts.
Consolidated Sales and Segment Performance
The group's consolidated sales reached 24.3 million euros, an increase of 3.7 million euros (+18% in percentage terms) compared to 20.6 million euros in the first quarter of 2025. At constant exchange rates, the growth amounts to 21.5%. This increase allowed the group to report a 20% growth over the last nine months compared to the same period of the previous year. The Driver's Equipment segment saw an increase of 2.6 million euros (+17%) due to sustained demand for Bell helmets, benefiting from the application of new FIA and Snell standards that came into effect in 2025, as well as OMP suits. The Other segment experienced particularly strong expansion, advancing by 1.2 million euros (+91%) mainly due to a multi-year supply of Racing Spirit apparel and the delivery of the second batch of HPS helmets for the Dutch Ministry of Justice. Conversely, the Car Parts segment recorded a slight decline of 0.1 million euros (-2.2%) due to delays in the production programs of some major automotive manufacturers, although these programs were otherwise confirmed.
Geographical Performance and Sales Channels
Geographically, performance shows a contrasting dynamic. The Americas generated a revenue of 6.7 million euros, up by 1.7 million euros (+33.2% at current exchange rates, +47.6% at constant exchange rates) compared to the first quarter of 2025. This acceleration reflects the strengthening of technical partnerships in major American championships and the expansion of the OMP and Bell Racing brands in the region. Asia-Pacific reported a revenue of 2.4 million euros, up by 0.7 million euros (+43.1%), mainly due to a timing variation in purchases from a major distributor in Australia. The EMEA region continued its consolidation with growth of 1.3 million euros (+9.4%), confirming the group's leadership position in this area. By sales channel, Dealers generated 13.4 million euros (+10.2%), while sales to Team & Car Manufacturers advanced by 0.7 million euros (+12.9%), supported by technical partnerships in global championships. Sales in the Other category increased by 1.7 million euros (+60.1%), largely fueled by the aforementioned non-recurring contracts.
Order Intake and Outlook
The order intake in the first quarter of 2026 maintained the upward trend that began in the second half of 2025, registering a significant double-digit progression and confirming the strength of demand. According to Roberto Ferroggiaro, CFO of the group, this momentum reflects the distinctive positioning of Racing Force brands and the effectiveness of technical partnerships in major global championships, including Formula 1. The executive, however, emphasized that, even after deducting non-recurring components such as the multi-year Racing Spirit supply, the growth trend remains robust. For the coming months, the group maintains a positive outlook on growth prospects in motorsport and its diversification projects, although it is closely monitoring the evolution of the geopolitical context, particularly in the Middle East.
