Dolfines: €2.54 Million in Orders Signed in the First Half, Despite Middle East Challenges
Dolfines has released its commercial activity report for the first half of 2026. The group reports signing €2.54 million in new orders since the start of the year, with an order book totaling €3 million, almost all of which is expected to be invoiced in 2026. The commercial activity is driven by Aegide International, Dolfines SA, Dolfines LATAM, and Dolfines Gulf Consultancy, though the group notes that it has been negatively impacted by the conflict in the Middle East.
Aegide International, a subsidiary of Dolfines, launched several digital evaluation tools at the beginning of the year, including SafeView, SCA, Safety Skills Track, and SafeDrive. These solutions aim to assess safety culture and HSE skills, with the goal of leading to broader support missions. Initial commercial outcomes include an HSE evaluation program via Safety Skills Track for an international oil and gas operator, valued at €45k, complemented by a safety culture barometer for €17k.
Contracts in France, Africa, and Internationally
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Aegide was also commissioned by a French industrial managing public water and electricity infrastructures in West Africa for a €42k mission. The entity also secured a QSE officer role on two Grand Paris construction sites for €145k, as well as the development of e-learning modules for two clients, totaling €100k.
Dolfines LATAM and Gulf Consultancy Strengthen the Order Book
Dolfines SA signed a €100k HSE management mission with an industrial in the tobacco sector for its German branch. Dolfines LATAM won an order worth €120k from an offshore drilling contractor in Brazil for human factors analysis. Dolfines Gulf Consultancy recorded several orders, including a drilling unit acceptance mission in Congo and Italy for €200k, a contract in Turkmenistan for €150k, an inspection in Romania for €20k, and the renewal of an HSE coaching contract in North Africa for €800k.
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Sectorénergie non renouvelable›équipements et services pétroliers
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Context
Period
Period: 1S2026
Key reported figures
Revenue: 2.34M€
Guidance from the release
Le chiffre d'affaires consolidé du 1er semestre 2026 recule de 43 % à 2,34 M€ (-29 % à périmètre comparable hors activité Conseil de 8.2 Advisory cédée le 1er juin 2025). L'activité commerciale reste solide avec 2,54 M€ de nouvelles commandes signées depuis le début de l'année et un carnet de commandes de 3 M€ au 30 juin, malgré l'impact négatif du conflit au Moyen-Orient. Le groupe poursuit sa diversification géographique et a obtenu la certification API-Q2.
Risks mentioned
Activité commerciale négativement impactée par le conflit au Moyen-Orient
Chiffre d'affaires en retrait de 43 % sur un an, -29 % à base comparable
Contexte géopolitique en recomposition affectant les zones d'activité
Perte de contribution de l'activité Conseil de 8.2 Advisory cédée en juin 2025
Opportunities identified
Carnet de commandes de 3 M€ au 30 juin, quasi-totalité facturable en 2026
2,54 M€ de nouvelles commandes signées depuis le début de l'année
Certification API-Q2 obtenue, plus haut niveau en gestion des risques pétroliers
Reconstruction des infrastructures énergétiques au Moyen-Orient, besoin d'expertise technique
Stratégie de diversification géographique et réduction des délais de décision client
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
