Solocal Group Reports Q1 2026 Revenue Decline Amid Transformation Initiatives

In Q1 2026, Solocal Group reported a revenue of €74.0 million, reflecting a 10.7% decline from Q1 2025, and a 6.3% decrease from the previous quarter. This revenue dip occurred in a challenging economic climate, marked by a high number of business failures, particularly affecting SMEs and micro-businesses, a core target market for Solocal.

Amidst these challenges, Solocal has taken strategic steps in its transformation journey. The company established a streamlined Executive Committee focused on client performance and the reconquest strategy. Additionally, Solocal signed an agreement to acquire Artur'In, enhancing its AI capabilities towards becoming an AI-focused organization.

Solocal aims to achieve a positive revenue outcome by Q4 2026, with efforts to improve profitability, targeting an EBITDA margin of approximately 20%. The order backlog showed resilience, growing by 5.2% to reach €259.2 million by the end of March 2026.