Announcement • Apr 18
Delta Plus Group (ENXTPA:ALDLT) acquired Athenas Consultoria e Informatica S/A. Delta Plus Group (ENXTPA:ALDLT) acquired Athenas Consultoria e Informatica S/A on April 16, 2026.
For the period ending December 31, 2025, Athenas Consultoria e Informatica S/A reported total revenue of €7.2 million. The company will be fully consolidated into the Group’s financial statements as of January 1, 2026.
Delta Plus Group (ENXTPA:ALDLT) completed the acquisition of Athenas Consultoria e Informatica S/A on April 16, 2026. Announcement • Apr 14
Delta Plus Group (ENXTPA:ALDLT) acquired Sicur Delta S.R.L. Delta Plus Group (ENXTPA:ALDLT) acquired Sicur Delta S.R.L. on January 1, 2026.
Post-acquisition, Sicur Delta will serve as a growth platform for Delta Plus Group's Systems division in Italy. David del Tacca will continue to lead Sicur Delta.
Delta Plus Group (ENXTPA:ALDLT) completed the acquisition of Sicur Delta S.R.L. on January 1, 2026. Reported Earnings • Apr 04
Full year 2025 earnings released Full year 2025 results: Revenue: €389.6m (down 2.6% from FY 2024). Net income: €27.2m (down 13% from FY 2024). Profit margin: 7.0% (down from 7.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Commercial Services industry in the United Kingdom. Announcement • Oct 21
Delta Plus Group (ENXTPA:ALDLT) acquired Uab Gevanta. Delta Plus Group (ENXTPA:ALDLT) acquired Uab Gevanta on October 20, 2025. The acquisition of Gevanta is part of the group's strategy to move upmarket and consolidate its market share. Gevanta has a turnover of around €9 million, a higher margin than the Group and 17 employees. The company will be included in the Group's consolidated accounts retroactively from July 1, 2025.
Delta Plus Group (ENXTPA:ALDLT) completed the acquisition of Uab Gevanta on October 20, 2025. New Risk • Sep 10
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 55% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €55.40, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €96.27 per share. Announcement • May 08
Delta Plus Group, Annual General Meeting, Jun 13, 2025 Delta Plus Group, Annual General Meeting, Jun 13, 2025. Location: zac lapeyroliere, vaucluse France Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €43.13, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 48% over the past three years. Reported Earnings • Apr 03
Full year 2024 earnings released Full year 2024 results: Revenue: €400.1m (down 4.9% from FY 2023). Net income: €31.1m (down 18% from FY 2023). Profit margin: 7.8% (down from 9.0% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €48.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €78.24 per share. Announcement • Sep 26
Delta Plus Group (ENXTPA:ALDLT) acquired Armor B.V. Delta Plus Group (ENXTPA:ALDLT) acquired Armor B.V. on September 25, 2024. In 2023, Armor reached a turnover of €13.2 million.
Delta Plus Group (ENXTPA:ALDLT) completed the acquisition of Armor B.V. on September 25, 2024. Reported Earnings • Sep 08
First half 2024 earnings released First half 2024 results: Revenue: €193.9m (down 9.0% from 1H 2023). Net income: €12.1m (down 38% from 1H 2023). Profit margin: 6.2% (down from 9.1% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Commercial Services industry in the United Kingdom. Buy Or Sell Opportunity • Aug 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €70.40. The fair value is estimated to be €88.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 9.4%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 3.8% per annum over the same time period. Buy Or Sell Opportunity • Jul 02
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to €70.60. The fair value is estimated to be €95.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 9.4%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 5.1% per annum over the same time period. Buy Or Sell Opportunity • Jun 21
Now 21% undervalued Over the last 90 days, the stock has risen 3.5% to €74.80. The fair value is estimated to be €94.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 9.4%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 5.1% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €85.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 12% over the past three years. New Risk • Apr 04
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 54% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 03
Full year 2023 earnings released Full year 2023 results: Revenue: €420.6m (flat on FY 2022). Net income: €38.0m (up 12% from FY 2022). Profit margin: 9.0% (up from 8.0% in FY 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Commercial Services industry in the United Kingdom. Buy Or Sell Opportunity • Jan 19
Now 23% undervalued Over the last 90 days, the stock has risen 3.4% to €67.10. The fair value is estimated to be €86.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 3.8% in 2 years. Earnings are forecast to grow by 7.5% in the next 2 years. Buying Opportunity • Jan 12
Now 20% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be €89.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 4.8% in 2 years. Earnings is forecast to grow by 8.7% in the next 2 years. Buying Opportunity • Nov 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.0%. The fair value is estimated to be €86.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 4.8% in 2 years. Earnings is forecast to grow by 8.7% in the next 2 years. Buying Opportunity • Sep 15
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €95.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 9.0%. Revenue is forecast to grow by 5.8% in 2 years. Earnings is forecast to grow by 12% in the next 2 years. Buying Opportunity • Jun 23
Now 21% undervalued Over the last 90 days, the stock is up 2.7%. The fair value is estimated to be €96.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 7.8%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Board Change • Jun 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Director Brigitte Benoit was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Director Brigitte Benoit was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: €4.72 (vs €4.53 in FY 2021) Full year 2022 results: EPS: €4.72 (up from €4.53 in FY 2021). Revenue: €420.2m (up 22% from FY 2021). Net income: €33.8m (up 4.2% from FY 2021). Profit margin: 8.0% (down from 9.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 12
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Director Brigitte Benoit was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 07
Full year 2022 earnings released Full year 2022 results: Revenue: €420.2m (up 22% from FY 2021). Net income: €33.8m (up 4.2% from FY 2021). Profit margin: 8.0% (down from 9.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Commercial Services industry in the United Kingdom. Board Change • Dec 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Director Brigitte Benoit was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 21
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Director Brigitte Benoit was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 10
First half 2022 earnings released: EPS: €0 (vs €2.02 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €204.9m (up 23% from 1H 2021). Net income: €14.7m (up 1.4% from 1H 2021). Profit margin: 7.2% (down from 8.7% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Commercial Services industry in the United Kingdom. Board Change • Sep 09
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Director Brigitte Benoit was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 30
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Director Brigitte Benoit was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Director Brigitte Benoit was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 08
Full year 2021 earnings released Full year 2021 results: Revenue: €344.2m (up 19% from FY 2020). Net income: €32.4m (up 11% from FY 2020). Profit margin: 9.4% (in line with FY 2020). Over the next year, revenue is forecast to grow 18%, compared to a 9.5% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 17% share price gain to €85.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 15% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €151 per share. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improved over the past week After last week's 15% share price gain to €100, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 33% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €148 per share. Reported Earnings • Sep 10
First half 2021 earnings released: EPS €2.02 (vs €1.86 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: €166.8m (up 22% from 1H 2020). Net income: €14.5m (up 9.0% from 1H 2020). Profit margin: 8.7% (down from 9.7% in 1H 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 17
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €288.7m (up 9.6% from FY 2019). Net income: €29.3m (up 9.9% from FY 2019). Profit margin: 10% (in line with FY 2019). Valuation Update With 7 Day Price Move • Nov 30
Market pulls back on stock over the past week After last week's 25% share price decline to €47.80, the stock is trading at a trailing P/E ratio of 16.5x, down from the previous P/E ratio of 21.9x. This compares to an average P/E of 37x in the Commercial Services industry in the United Kingdom. Total returns to shareholders over the past year are 5.7%.