Groupe Airwell — Cyborg Score 4/10

Mixed
HVAC Equipment Distribution / Climate Control Solutions

Strategic Profile

Listed on Euronext Growth Paris since June 2023, the company positions itself as a creator of smart energy ecosystems. France accounts for 59.4% of net sales, making it the primary market. The company is investing in innovation with strategic projects supported by French authorities, including solar-powered cold storage solutions.

Cyborg Score Rationale

Group revenue stood at €32.2 million for the nine-month period in 2025, down 12.5% year-on-year. The company faces headwinds from international delivery delays and market slowdown, but shows signs of recovery in France and growth in overseas territories. France's activity improved during Q3 with air-to-air heat pump sales up 6%.

Top Insights

  • Nine-month revenue of €32.2 million represents 12.5% decline year-over-year, indicating market and competitive pressures.
  • France segment showed recovery in Q3 2025 with improved momentum and air-to-air heat pump sales up 6%.
  • Overseas Territories (DOM-TOM) demonstrated strong momentum with 70.8% revenue growth to €5.2 million over nine months.
  • International segment was impacted by €2 million in temporary delivery delays but would have shown double-digit growth excluding these delays.

Named Competitors

  • Climate Control Solutions — Competing heating and cooling distribution networks
  • Heat Pump Systems — Alternative thermal comfort solution providers

Recent Developments

  • (October 2025) Nine-month revenue €32.2M, -12.5% YoY; France segment shows Q3 improvement
  • (2025) Innovation acceleration on three strategic projects with government support for climate solutions
  • (2024) Air-to-air heat pump market focus amid regulatory shifts to ban gas heating in new buildings

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