In the first half of 2026, the specialist in solutions for digitizing brick-and-mortar commerce reported revenue of €820m, up 34%, and adjusted revenue of €839m (+29% on a reported basis and +37% at constant exchange rates and tariffs).
The trend was driven by the strong momentum in software and services, where revenue rose 39% to €125m (including €61m in recurring revenue, up 73%), as the group delivered a sharp improvement in profitability.
Adjusted EBITDA came in at €160m (+48%), lifting the adjusted EBITDA margin to 19.1%, a gain of 2.4 points versus the first half of 2025. Adjusted EBIT climbed 82% to €96m (an 11.4% margin), while adjusted net profit totaled €77m. On the financial front, operating free cash flow reached €127m (+51%), allowing the group to increase its net cash to €197m at the end of June 2026.
Vusion reaffirmed all of its full-year financial targets and is aiming for adjusted revenue growth of between 15% and 20% (at constant exchange rates and tariffs), as well as an expansion in the adjusted EBITDA margin of more than 100 basis points.
Vusion (formerly VusionGroup) developed the VUSION Retail IOT technology platform to help retailers transform their physical stores into high value digital assets, more automated, data-driven, and connected in real-time to suppliers and consumers. VUSION digital price tags improves pricing agility, accuracy and integrity; enables omni channel synchronization of prices, product information and marketing content; and increases the productivity of shelf replenishment and in-store picking for online orders. VUSION improves employee satisfaction by freeing up time from cumbersome low value-added tasks and allowing them to focus on customer service and merchandizing tasks. VUSION connects shelves to the cloud, providing real-time accurate information on product availability and location, allowing for reduced inventory, out-of-stock and waste, as well as improved on-shelf availability and merchandizing compliance. VUSION empowers consumers with better product, nutritional and traceability information at the shelf and enables a frictionless in-store shopping experience with features such as product search, pathfinding and cashier-less scan & pay features.
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