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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 30, 2026
AI Summary
Q2 2026

Growth: Avolta reported 3.7% organic growth in the first half, which management said would have been 5.2% excluding the Middle East crisis impact.

Margin: EBITDA margin came in at 9.1%, but management said it would have been 9.5% excluding Middle East and ramp-up effects from Shanghai Pudong and JFK.

Cash flow: Equity free cash flow was CHF 207 million, roughly flat year over year, with a very strong Q2 contribution of CHF 370 million.

Outlook: Management reaffirmed the midterm outlook of 5% to 7% organic growth, 20 to 40 basis points of annual EBITDA margin expansion, and higher equity free cash flow.

Headwinds: The Middle East crisis, Pudong and JFK ramp-ups, Spirit Airlines bankruptcy, and weaker capacity growth in North America all weighed on the half.

Capital allocation: Avolta reiterated its focus on investment, selective accretive M&A, deleveraging, dividends, and share buybacks; leverage fell to 2.07x.

Digital push: Club Avolta reached 20 million members, and management said it is expanding pilots for dynamic pricing, dynamic assortment, camera analytics, and digital advertising.

Key Financials
Turnover
CHF 6.437 billion
Organic growth
3.7%
Organic growth excluding Middle East crisis
5.2%
EBITDA margin
9.1%
EBITDA margin excluding Middle East and ramp-up effects
9.5%
Core EBITDA
CHF 583 million
Equity free cash flow
CHF 207 million
Q2 equity free cash flow
CHF 370 million
Leverage
2.07x
FX impact on growth
-5.7%
Growth at constant exchange
3.1%
Negative impact from Middle East and ramp-up effects
40 basis points
Treasury shares purchased
EUR 160 million
Share buyback announced for 2026
EUR 225 million
Share buyback completed by June 30
EUR 106 million
Club Avolta members
20 million
Air passengers exposed
2.5 billion
Total air passengers globally
10.2 billion
Team members
70,000
Earnings Call Recording

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