Airwell: Half-year results marked by a difficult context

The Airwell Group has published its results for the first half of 2025, highlighting a still-deteriorating French market environment. Revenue fell 14.4% to €22 million, impacted by the French real estate crisis. However, international sales grew, partially offsetting this decline.

Despite this decline, EBITDA of -€2 million remains in line with forecasts, supported by controlled operating expenses. The market is expected to recover in the second half of the year, thanks to new regulations favorable to heat pumps. Airwell maintains its targets for 2025, anticipating a return to growth and improved profitability compared to 2024.