Netherlands · Delayed Price · Currency is EUR Kendrion Earnings Call Transcripts
Fiscal Year 2026
-
Normalized EBITDA margin and ROIC reached the upper end of targets in H1 2026, with revenue up 4% and strong growth in industrial segments. The order book and project pipeline are at record levels, supporting a positive outlook, while capital returns and leverage improvements strengthen the financial position.
-
Q1 2026 saw 5% revenue growth and a 21% rise in normalized EBITDA, driven by strong industrial segment performance and disciplined cost control. The added value margin remained stable, and the order book is healthy, supporting a positive outlook despite macroeconomic uncertainties.
Fiscal Year 2025
-
2025 was transformative, with the company completing its automotive exit, achieving record margins and ROIC, and strengthening its balance sheet. Strong cash flow enabled debt reduction, higher dividends, and a share buyback, while a robust project pipeline and innovation support a positive outlook for 2026 and beyond.
-
Q3 2025 saw improved profitability and margins despite flat revenue, with a strengthened balance sheet following the China divestment. Special dividend and share buyback were announced, and the company remains focused on margin improvement, innovation, and disciplined investment for sustainable growth.
-
Divestment of the China business completes the shift to a pure-play industrial focus, with proceeds used for shareholder returns and reinvestment. Q2 saw strong profitability and margin gains, and medium-term targets remain on track despite economic uncertainties.
-
Q1 2025 saw 4% revenue growth and a 7% EBITDA increase, with strong mobility and industrial brakes performance offsetting IAC weakness. Margin improvement and cost savings supported profitability, while the local-for-local strategy and divestment proceeds reduced net debt and leverage.
Fiscal Year 2024
-
Strategic repositioning completed with the automotive divestment, shifting focus to high-margin industrial segments. 2024 saw modest revenue decline but strong mobility growth, with profitability improvements expected from cost savings and margin expansion. Dividend maintained at €0.45 per share.
-
Q3 2024 saw stable revenue and profitability in continuing operations, with a strategic shift to pure industrial focus following the sale of the automotive business. Cost-saving measures and a strengthened balance sheet position the company for future growth, though near-term market conditions remain challenging.
-
The company is transforming into a pure-play industrial business, divesting most automotive activities to focus on Industrial Brakes and Actuators & Controls, targeting 5%-8% annual growth and at least 15% EBITDA margin. China is expected to deliver double-digit growth, and strict project selection and disciplined capital allocation underpin the new strategy.
-
Revenue and EBITDA margins declined due to weak industrial markets, but cost controls and Automotive growth in China stabilized profitability. The divestment of most Automotive activities is on track, with a strategic shift to a pure-play industrial focus and further deleveraging expected post-transaction.