Poujoulat: revenue up 6.4% in the first half, driven by wood energy
The Poujoulat Group published on 13 November 2026 consolidated revenue of €164.6 million for the first half of its 2026/2027 financial year (April to September). This represents an increase of 6.4% year on year.
This growth rests on only one of the group's two divisions. Wood energy rose 16.9% to €78.8 million, while chimney flues and industrial chimneys fell 1.6% to €85.8 million.
Despite this decline, the manufacturer confirmed its target of €375 million in revenue for the full financial year. It had achieved €351 million in 2025/2026.
Wood energy offsets the slight decline in chimney flues
A year earlier, over the same half-year, the group had generated revenue of €154.6 million, including €87.2 million for chimney flues and €67.4 million for wood energy. The gap between the two divisions has therefore narrowed considerably: they now account for a similar share of consolidated sales.
Frédéric Coirier, Chairman and Chief Executive Officer, attributes this development to a long-standing choice: “The Poujoulat Group opted, several years ago, for the diversification of its activities, and we are pleased with it today.” He credits the resilience of activity to “the momentum of the Wood energy division as well as the new businesses and acquisitions”.
According to the press release, the overall momentum continued in the second quarter, driven by the Wood energy division. This division groups together the group's biofuels (logs, pellets, firelighters).
The French market weighs on flues, international business grows
The 1.6% decline in the historic division masks contrasting trends. In France, the chimney flue market remains difficult, due to a weaker property market, political instability and high temperatures at the start of the season.
In foreign markets, by contrast, activity is growing. Industrial chimneys continue their recovery, and diversification shows, according to the group, good momentum. The executive describes this slight decline as “proof of good resilience,” in a new and existing property sector that he considers “in clear decline”.
These trends extend those described when the first-quarter results were published on 21 July 2026. The group then indicated that visibility on the Chimney flues activity remained uncertain, and that the industrial chimney market was experiencing more robust activity.
Annual target confirmed, management counts on rising energy prices
For the remainder of the financial year, management anticipates that uncertainties in the new and existing property sector “will persist in the coming months”. It also considers that rising prices of gas, fuel oil and electricity should encourage households to install wood heating, an energy presented as “at least twice as cheap”.
The manufacturer also highlights its search for energy efficiency solutions. It cites the replacement of an old gas boiler with a very high energy-performance model, with an average payback period of 5 to 7 years for a household.
To meet this expected demand, the Wood energy division is continuing its plan to increase production capacity at existing sites. The manufacturer also maintains its communication initiatives to gain market share across all its activities.
The group therefore enters the second half of the financial year with an annual target of €375 million, compared with €377.5 million announced in July 2026. This target relies on a Wood energy division whose capacity it is increasing, in the face of a property market that management still considers uncertain.
