The designer and manufacturer of high-performance and energy-efficient servers recorded a turnover of €416.2 million for the 2025-2026 financial year, representing an increase of 88.6% compared to the €220.7 million achieved in the previous financial year.
Initially set at 300 million euros and then increased to more than 400 million in March last year, the annual turnover figure was exceeded. This trajectory confirms the strategic repositioning made two years ago towards infrastructures dedicated to artificial intelligence (AI). The group also clarified that the large €610 million framework contract (mentioned in mid-July) did not generate any revenue in the closed financial year: growth is therefore based solely on delivery and invoicing of other orders.
At the end of the financial year, net cash was €14.4 million (compared to a negative balance of €0.2 million the year before). This is the highest level of terminal cash flow the company has recorded since its IPO in 2018, giving it the flexibility it needs to finance expansion.
Finally, the company confirmed its ambition to reach revenues of 1 billion euros in the 2026-2027 financial year. Management noted that improving operating margins will be a priority for the new fiscal year, driven by growth in value-added services and technology solutions.