H1 2025 Results Conference Call
Date: AUGUST 04TH, 2025
Q2 2025 & H1 2025 Results
Q2 2025 Results (€m)
| Metric | Value | Change vs LY |
|---|---|---|
| Revenues | €128.3 | -3.7% |
| GOM (% on Revenues) | €54.6 (42.6%) | (+0.0 pp) |
| Adj. EBITDA | €14.0 | (+0.9 pp) |
| Adj. EBITDA Margin (% on Revenues) | 10.9% | (+0.9 pp) |
| Net Result | €5.1 | (+1.6 pp) |
| Net Result (% on Revenues) | 4.0% | (+1.6 pp) |
H1 2025 Results (€m)
| Metric | Value | Change vs LY |
|---|---|---|
| Revenues | €241.1 | -1.5% |
| GOM (% on Revenues) | €103.4 (42.9%) | (+2.2 pp) |
| Adj. EBITDA | €20.8 | (+2.3 pp) |
| Adj. EBITDA Margin (% on Revenues) | 8.6% | (+2.3 pp) |
| Net Result | €-0.8 | (-4.1 pp) |
| Net Result (% on Revenues) | -0.3% | (-4.1 pp) |
Net Debt at €18.3M
Group Revenues by Geography and Market Segment
Q2 Revenues by Geo and Market Segment (€m)
| Segment | EMEAI | AMERICAS | APAC | Total Datalogic | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | Var % | 2025 | 2024 | Var % | 2025 | 2024 | Var % | 2025 | 2024 | Var % | |
| Data Capture | 46.4 | 44.3 | 4.8% | 33.7 | 36.8 | (8.2%) | 6.3 | 10.7 | (41.1%) | 86.4 | 91.7 | (5.7%) |
| Industrial Automation | 25.6 | 27.8 | (7.8%) | 8.7 | 7.8 | 12.3% | 7.6 | 6.1 | 24.7% | 41.9 | 41.6 | 0.7% |
| Total Datalogic | 72.0 | 72.0 | 0.0% | 42.4 | 44.5 | (4.6%) | 13.9 | 16.8 | (17.2%) | 128.3 | 133.3 | (3.7%) |
H1 Revenues by Geo and Market Segment (€m)
| Segment | EMEAI | AMERICAS | APAC | Total Datalogic | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | Var % | 2025 | 2024 | Var % | 2025 | 2024 | Var % | 2025 | 2024 | Var % | |
| Data Capture | 93.9 | 82.8 | 13.3% | 56.0 | 59.5 | (5.9%) | 11.6 | 17.2 | (32.9%) | 161.4 | 159.5 | 1.2% |
| Industrial Automation | 49.9 | 56.9 | (12.3%) | 16.8 | 16.9 | (0.7%) | 13.0 | 11.3 | 14.8% | 79.7 | 85.1 | (6.4%) |
| Total Datalogic | 143.8 | 139.7 | 2.9% | 72.8 | 76.4 | (4.7%) | 24.5 | 28.5 | (14.0%) | 241.1 | 244.6 | (1.5%) |
New Products Launches and Innovation
Datalogic continues to innovate across its product lines:
Hand Held Scanners
- PowerScan™ 9600 RFID: Advanced RFID scanning capabilities.
Mobile Solutions
- Memor K20-25: Mobile computer.
- Memor 17 HC: Healthcare-specific mobile computer.
- Mobility Suite Update: Enhancements to the mobile software suite.
Sensors & Safety & Machine Vision
- UFK Ultrasonic Sensor: Sensor technology for various applications.
- SMART-VS EVO: Vision system.
- IMPACT 13.7.0: Software for machine vision.
Key Innovation Metrics:
- R&D cash out at 13.6%, an increase of +0.4 percentage points versus H1 2024 (13.2%).
- H1 Vitality Index at 23.5% compared to 13.4% in H1 2024, indicating strong new product performance and market appreciation. Q2 vitality index was 27.2% versus 15.2% in Q2 2024.
Q2 & H1 2025 P&L
Detailed Profit and Loss statements for the second quarter and first half of 2025.
| Metric | Q2 2025 | H1 2025 | ||||
|---|---|---|---|---|---|---|
| 2025 (€m) | 2024 (€m) | Var % | 2025 (€m) | 2024 (€m) | Var % | |
| Revenues | 128.3 | 133.3 | (3.7%) | 241.1 | 244.6 | (1.5%) |
| Gross Margin | 54.6 | 56.7 | +0.0 pp | 103.4 | 99.5 | +2.2 pp |
| % on Revenues | 42.6% | 42.6% | 42.9% | 40.7% | ||
| Operating expenses | (48.6) | (51.2) | +0.5 pp | (98.7) | (99.4) | -0.3 pp |
| % on Revenues | (37.9%) | (38.4%) | (40.9%) | (40.6%) | ||
| Adjusted EBITDA | 14.0 | 13.3 | +0.9 pp | 20.8 | 15.5 | +2.3 pp |
| % Adj. EBITDA margin | 10.9% | 10.0% | 8.6% | 6.3% | ||
| Adjusted EBIT | 6.0 | 5.5 | +0.5 pp | 4.7 | 0.1 | +1.9 pp |
| % Adj. EBIT margin | 4.7% | 4.1% | 1.9% | 0.0% | ||
| EBIT | 3.8 | 3.2 | +0.6 pp | (2.3) | (4.0) | +0.6 pp |
| % EBIT margin | 3.0% | 2.4% | (1.0%) | (1.6%) | ||
| Net Result | 5.1 | 3.2 | +1.6 pp | (0.8) | 9.3 | -4.1 pp |
| % on Revenues | 4.0% | 2.4% | (0.3%) | 3.8% | ||
Key P&L Commentary:
- IA segment shows gradual improvement in Q2; DC segment is positive in EMEAI.
- Q2 Gross Margin at 42.6%, flat year-over-year. H1 Gross Margin at 42.9% (+2.2 pp vs LY) driven by productivity improvements.
- H1 Operating expenses decreased compared to last year, supporting significant R&D investments.
- Q2 Adj. EBITDA margin reached double digits (10.9%). H1 Adj. EBITDA at 8.6% (+2.3 pp) benefited from a positive mix and productivity.
- Positive Net Result in Q2, an improvement from the previous year. H1 Net Result remains slightly negative due to higher special items.
EBITDA Adj.: Actual vs Last Year
Analysis of Adjusted EBITDA changes from H1 2024 to H1 2025 (€m):
- H1 2024 Adjusted EBITDA: €15.5 (6.3% on Group Revenues).
- Changes: Volume (€-4.4), Price (€-7.5), Mix (€10.2), Productivity (€5.7), Structure (€0.8 - Positive Items), FX Effect & Others (€0.5 - Positive Items).
- H1 2025 Adjusted EBITDA: €20.8 (8.6% on Group Revenues).
[Waterfall chart description: The chart illustrates the components contributing to the increase in Adjusted EBITDA from H1 2024 to H1 2025. Key positive drivers include Mix and Productivity, while Volume and Price had a negative impact. Structure and FX Effects contributed positively.]
Net Debt & Cash Flow Analysis: Dec'24 – Jun'25
Analysis of Net Debt and Cash Flow movements (€m):
- NFP Dec 24: €-9.5.
- Changes: EBITDA Adj. (€20.8), TWC (€-0.3), Net Investment (€-11.3), Taxes (€-2.7), Net Financial Charges (€1.6), Others (€-13.8), M&A (€-2.7), Others, not operating (€-0.3).
- NFP Jun 25: €-18.3.
[Waterfall chart description: This chart details the cash flow movements affecting Net Financial Position from the end of 2024 to mid-2025. EBITDA generated cash, while Net Investment, Taxes, Others, and M&A represented significant cash outflows.]
Contacts and Upcoming Events
IR Contacts
- IR Manager: Alessandro D'Aniello
Tel: +39 051 3147109
Email: ir@datalogic.com
Address: Via Candini, 2, 40012 Lippo di Calderara di Reno, Bologna – Italy - IR Advisor: Vincenza Colucci (CDR Communication Srl)
Tel: +39 335 6909547
Email: vincenza.colucci@cdr-communication.it - IR Assistant: Daniela Giglioli
Tel: +39 051 3147109
Fax: +39 051 3147205
Email: daniela.giglioli@datalogic.com
Next Events
- November 13, 2025: 9M 2025 Results
Datalogic Online
Website: www.datalogic.com
Disclaimer
This presentation contains statements that are neither reported financial results nor other historical information. These statements are forward-looking statements. These forward-looking statements rely on a number of assumptions and are subject to a number of risks and uncertainties, many of which are outside the control of Datalogic S.p.A., that could cause actual results to differ materially from those expressed in or implied by such statements, such as future market conditions, currency fluctuations, the behavior of other market participants and the actions of governmental and state regulators.
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Datalogic S.p.A.
Via Candini, 2 - 40012 Lippo di Calderara di Reno - Bologna (Italy)
Tel: +39 051 3147011 | Fax: +39 051 3147205
Email: corporate@datalogic.com
Website: www.datalogic.com
