EBIT reached CHF 60.4 million, up 6% on the same period last year, while the operating margin rose to 3.4% (vs 3.1% in H1 2025). The order book grew 9.6%, to CHF 8,524 million, and the projected profitability of contracted projects also improved, with a pre-calculated margin of 7.9%, compared with 7.5% a year earlier. Revenue, however, fell 4.8%, to CHF 1,767 million, mainly due to lower activity in the early phases of some large infrastructure projects.
The Civil Engineering division increased its EBIT by 18%, to CHF 18.8 million, while Service Solutions increased its EBIT by 26%, to CHF 11.7 million. Buildings, meanwhile, saw its operating result fall to CHF 37.5 million, affected mainly by a lower contribution from the property development business.
The company also made progress in cash generation and financial strength. Free cash flow, which is typically negative in the first half of the year due to seasonal factors, improved by CHF 50.7 million, to -CHF 118 million. At the end of June, the equity ratio stood at 23.4%, 2.2 percentage points above the previous year.
Implenia is also maintaining its focus on sectors with high growth potential, such as data centres, healthcare, education, defence and energy and transport infrastructure. The company plans to invest a further CHF 10 to 20 million in the second half of the year to accelerate this strategy, particularly in Germany and Switzerland.
For 2026 as a whole, Implenia is maintaining its target of achieving an EBIT of approximately CHF 150 million before accounting for these extraordinary investments. From 2027, the group expects to exceed this figure and aims, in the medium term, to increase its revenue by up to a further CHF 1 billion, with an EBIT margin of 4.5% and an equity ratio of 25%.
Source: https://implenia.com/en/media/news-article/hyr-2026-adhoc/
