Precia Molen: Revenue Down 6.6% in First Half, Operating Margin at 7.7%
Precia Molen published its first-half results on September 23, 2026. The industrial weighing group recorded a decline in revenue in an international environment it describes as unfavorable.
As volumes contract and currency effects weigh on performance, the Ardèche-based manufacturer reports a current operating margin of 7.7%, compared with 9.2% a year earlier, and has continued its debt reduction.
Revenue of €78.7 Million, Down 6.6%
First-half 2026 revenue stood at €78.7 million, compared with €84.3 million a year earlier, representing a decrease of €5.6 million (-6.6%). This change includes a scope effect related to the disposal of commercial weighing activities in May 2025, as well as unfavorable currency effects on the Indian Rupee and, to a lesser extent, Sterling and the New Zealand Dollar.
Adjusted for these effects, revenue declined by €3.5 million (-4.1%). According to the group, the bulk of this decline stems from Europe, followed by France and Asia-Pacific, while the Africa and Americas zones showed slight growth.
Operating Margin of 7.7% of Revenue
Current operating profit amounted to €6.0 million, compared with €7.7 million in the first half of 2025, representing a margin of 7.7% of revenue, against 9.2% a year earlier. The group estimates the currency effect on the decrease in current operating profit at -€0.3 million and identifies the decline in volumes as the main factor weighing on this figure.
Net profit came to €4.3 million, compared with €5.4 million a year earlier, with the group's share at €3.7 million and basic earnings per share at €0.69, against €0.91. As of June 30, 2026, net cash (excluding IFRS 16) reached €31.4 million, with the group continuing its debt reduction while maintaining its industrial investments.
Order Books and Strategic Operations
The group notes that new equipment sales are marked by delays in customer decision-making and an irregular order intake pace. After a sluggish first half, order books are approaching historical normative levels, according to management, which also highlights the growth in service activities.
In terms of operations, the group acquired 45% of Deftrade in Benin in February and entered into exclusive negotiations, via an irrevocable purchase undertaking signed on March 30, 2026, for the acquisition of the French operations of Minebea Intec France SAS relating to the sale of weighbridges and industrial scales, subject to the satisfaction of conditions precedent by the end of 2026. Furthermore, Jean-Philippe Demael was appointed Chief Executive Officer effective May 15, 2026, replacing Frédéric Mey.
