Netherlands · Delayed Price · Currency is EUR Kendrion Earnings Call Transcripts
Fiscal Year 2026
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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
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.