High Co. SAHCO
▲ PositiveCapitalrelevance
Adjusted profit up 25%, net income up 29.5%, and guidance revised upward for operating margin.
Impact on stocks 1
Communication Services
High Co. SAHighCo reported a strong first-half 2026 performance, with adjusted headline PBIT up 25% to €6.32 million and adjusted attributable net income up 29.5% to €5 million, prompting the company to revise its full-year guidance. Gross profit rose 26.7% on a reported basis to €39.21 million, including contributions from Sogec and Budgetbox, while like-for-like growth was 2.7% to €31.79 million, driven by France. The company now expects 2026 gross profit of more than €77 million, down from a previous forecast of more than €78 million, and an adjusted operating margin of close to 13%, up from a prior estimate of more than 12%. HighCo also anticipates a significant improvement in profitability starting in 2027, with adjusted operating margin expected to exceed 15%. The results include €5.54 million in restructuring costs related to Sogec, which involves a job protection plan for 64 employees.
High Co. SAAdjusted profit up 25%, net income up 29.5%, and guidance revised upward for operating margin.