Merlin's data center division drove an 8% rise in operating profit to €180 million in H1 2026, lifting total revenues by 12%
Executive summary: Merlin announced a 12% increase in revenues and an operating profit of €180 million for the first half of 2026, attributing an 8% profit gain to its data center business. The profit growth shows that data center assets are becoming a higher‑margin component of Merlin’s real estate portfolio, potentially shifting the company’s earnings profile.
Who is involved: Merlin (Spanish real estate operator), its data center business unit, and its shareholders.
Likely next: The source did not disclose any specific upcoming events or guidance for Merlin.
Merlin reported first‑half 2026 revenues up 12% year‑on‑year and an operating profit of €180 million, with the data center segment contributing an 8% uplift to profit. The improvement reflects higher margins from the company’s data center assets compared with its traditional real estate operations. No contradictory figures were presented in the source.
Timeline
- — Merlin mejora un 8% su beneficio operativo por los 'data center' (Expansión)
Analysis — what this means
Sectors affected
- Real estate data center services