Samse: net profit attributable to the group of €7.5 million in first half 2026, compared to €0.7 million
In a construction materials distribution market that remains weakened, Samse derived its profitability from cost control rather than volume growth.
Stable revenue, current operating profit up 91.3%
In the first half of 2026, Samse's consolidated revenue stood at €1,014.9 million, up 1.0% compared to €1,005.1 million in the first half of 2025. On a comparable basis, it was virtually stable, with a slight decline of 0.2%. Current operating profit reached €15.6 million, compared to €8.2 million a year earlier, an increase of €7.4 million (+91.3%). The current operating margin rate improved from 0.81% to 1.54% over the same period. Operating profit stood at €17.1 million, compared to €10.6 million in the first half of 2025. Net profit attributable to the group reached €7.5 million, compared to €0.7 million a year earlier.
DIY activity up and cost control
The increase in profit is explained, according to the group, by a favorable business mix with a greater proportion of DIY activity, control of operating expenses (personnel costs declined by 0.9% on a comparable basis) and a reduction in losses at the La Boisse logistics platform (01). By activity, Trade shows revenue of €808 million, down 0.7%, with weak activity at the beginning of the year followed by an improvement in the second quarter. Its current operating profit reached €7.2 million, up €3.4 million. DIY activity achieved revenue of €207 million, up 8.3% on a current basis (+2.1% on a comparable basis following the acquisition of RG Bricolage in late November 2025). Its current operating profit rose to €8.4 million, up €4.4 million, including €1.2 million from RG Bricolage.
Stable debt ratio at 82.8% and markets showing progressive stabilization
The net financial debt ratio remained stable at 82.8% as of June 30, 2026, compared to 82.4% a year earlier. Excluding IFRS 16, it stood at 24.6%, compared to 28.5% at end of June 2025. Financial result represents a net charge of €5.3 million, an improvement of €0.5 million year-on-year. Shareholders' equity reached €601.2 million, compared to €587.1 million. Regarding outlook, the group indicates that recent trends suggest progressive stabilization of certain markets, without enabling confirmation of sustainable recovery at this stage. The next milestone is set for October 29, 2026, with the publication of third quarter revenue.
