Interpump Group S.p.A. (IPGLF) Q2 2026 Earnings Call Transcript

SA Transcripts 161.54K Followers Follow Interpump Group S.p.A. ( IPGLF ) Q2 2026 Earnings Call August 5, 2026 10:00 AM EDT Company Participants Federico Pavesi Fabio Marasi - CEO & Executive Director Conference Call Participants Matteo Bonizzoni - Kepler Cheuvreux, Research Division Domenico Ghilotti - Equita SIM S.p.A., Research Division Michele Baldelli - BNP Paribas, Research Division Alessandro Tortora - Mediobanca - Banca di credito finanziario S.p.A., Research Division Presentation Operator Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the Interpump Second Quarter 2026 Financial Results Conference Call. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Federico Pavesi, Head of Investor Relations of Interpump. Please go ahead, sir. Federico Pavesi Thanks. I'm Federico Pavesi, Head of Investor Relations of Interpump Group. Welcome to the Interpump 2026 Second Quarter Financial Results Conference Call. And thanks to all of you connected for joining us today. Please be aware of the cautionary language that is included in our forward-looking statements included in the material that we have distributed today. For example, you can find it in the appendix of the presentation, Slide 27. With that, I would like now to hand it over to Mr. Marasi, Interpump's CEO. Fabio Marasi CEO & Executive Director Thank you, Mr. Pavesi. It's my pleasure to welcome you again to Interpump Group and to wish you all the best for your future within the company. Let's start by looking at our consolidated financial results in Slide 2 of the presentation, which reflects our guidance and expectations. During the second quarter of 2026, group sales were down by 0.7% on an organic basis year-over-year, affected by the decrease in Water Jetting characterized, as you know, by a very challenging comparison basis with the first half of 2025. Hydraulics, on the other hand, delivered the fourth consecutive quarter of organic improvement