Delta Plus forecasts return to organic growth for 2026
For the 2025 fiscal year, Delta Plus reported consolidated revenue of 389.6 million euros, limiting its decline to 2.6% compared to 2024, an improvement over the 4.9% contraction seen the previous year. This figure includes a significant adverse currency headwind of 14 million euros (a -3.5% impact), primarily resulting from a purely accounting-driven conversion effect due to the dollar's depreciation against the euro. Excluding these foreign exchange effects and changes in the scope of consolidation, the organic decline was contained at 2%.
Net income (Group share) came in at 27.2 million euros, down 0.8 percentage points (7% of revenue).
Furthermore, thanks to the resilience of its pricing positioning and the premiumization of its product range, the gross margin increased by 60 basis points to nearly 56% of revenue. "This robust performance allowed us to partially absorb continued structural and strategic investments. Consequently, current operating income reached 44.4 million euros, representing a solid profitability level of 11.4% of revenue, demonstrating the effectiveness of the business model even during a cyclical low," explained the group, which specializes in the design, manufacture, and marketing of professional personal protective equipment and clothing.
Shareholders' equity rose to 275.2 million euros as of December 31, 2025 (compared to 273.9 million euros in 2024), despite the negative impact of translation differences related to the dollar's depreciation on foreign investments.
Following this annual release, the Board of Directors will propose a dividend payment of 0.75 euros per share at the next Annual General Meeting on June 19, 2026.
Regarding its outlook, Delta Plus is targeting for 2026:
- a return to organic growth, driven by the normalization of its historical markets and the benefits of ongoing commercial transformations;
- the consolidation of its positions in high-potential regions, particularly in South America, North America, and the Middle East;
- the active pursuit of its external growth strategy, with several acquisition targets currently under review.
Delta Plus Group specializes in the design, manufacturing, and marketing of individual protection clothing and equipment for professionals. Net sales break down by market as follows:
- foot protection (32%): safety and work shoes and boots;
- anti-fall protection (20%): safety harnesses and belts, anchoring assemblies, anti-fall systems, energy absorbers, safety nets, etc.;
- head protection (17%): hardhats, disposable masks, respirator masks, welding hoods, safety glasses, etc.;
- body protection (17%): high-tech fire, static, and acid protection clothing, cold and rain protection clothing, work clothing, welding garments, etc.;
- hand protection (11%): synthetic, leather, fabric, and latex gloves;
- other (3%).
Net sales are distributed geographically as follows: France (15%), Benelux (8.6%), Spain (4%), Italy (4%), Germany (3.2%), Poland (2.7%), Europe (12.7%) and other (49.8%).
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