Gérard Perrier Industrie: production up 11.6% over nine months, €350M target maintained
Gérard Perrier Industrie published on 10 November 2026 production of €264.8M for the first nine months of the financial year, up 11.6% from €237.3M in the same period of 2025. All four divisions of the group are growing, at rates ranging from 1.8% for Energy to 27% for Aerospace & Defence.
The latter division mainly benefits from the integration of the company AQLE, which joined the group. Management has maintained its target of around €350M for the 2026 financial year, an amount already announced when the annual accounts were published on 30 March 2026, while 2025 production had amounted to €323.7M.
Installation/Maintenance and manufacturing up by more than 10%
Activity growth over nine months does not rely on a single division. Installation/Maintenance activity (Soteb, SNE, Ofatec, N-Cyp, Dative) is up 13.6% year on year, in line with the first half.
The division grouping the manufacture of electrical and electronic equipment (Geral, Bontronic, Peter Pohl) and the trade specialists (Seirel, Sera) for its part recorded a 10.3% increase. In its half-year publication of 28 September 2026, the group had cited among its risks the slowdown of certain entities in the equipment manufacturing activity, which it described as more cyclical.
At division level, nine-month production therefore remains up. The release reports a 13.6% increase in Installation/Maintenance and 10.3% in equipment manufacturing and trade specialists, without specifying their respective contribution to total growth.
Aerospace & Defence driven by AQLE, Energy almost stable
The Aerospace & Defence division, made up of the AECE group (Aquitaine Electronique, AEVA) and AQLE, shows the strongest growth with a 27% increase. The group specifies that this growth is mainly due to the arrival of AQLE in its scope: the increase therefore includes a scope effect.
On 28 September 2026, management anticipated for this division an increase of 18 to 20% over the full financial year, thanks to this integration. Over nine months, growth reaches 27%, over a period that is not yet that of the full financial year.
Conversely, the Energy division (Ardatem, Technisonic), which provides services for the nuclear sector, grew by 1.8%. It is coming out of a 2025 year and a start of 2026 financial year marked by the transitory effect of the reduction in outage periods, and the group had forecast in September an increase of 1 to 2% for this division over the financial year.
Target of €350M maintained, mobilisable cash close to €85M
Considering that activity remains broadly dynamic in the fourth quarter, management confirmed its target of production of around €350M in 2026. This target has been unchanged since 30 March 2026 and compares with €323.7M achieved in the 2025 financial year.
Financially, the group reports mobilisable cash of nearly €85 million. It also recalls that at 30 September 2026, it held 5.41% of its own share capital, in addition to this cash.
Nine-month production combines growth in Installation/Maintenance and manufacturing, a contribution from AQLE to the Aerospace & Defence division and an Energy division close to stability, in a context where the annual target is maintained.
