Italy · Delayed Price · Currency is EUR Sabaf Earnings Call Transcripts
Fiscal Year 2026
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Q2 sales rose 3.5% year-over-year to EUR 73.6 million, with strong growth in Asia, Africa, and LATAM, while profitability was impacted by exchange rates and higher input costs. Operational efficiency and price increases are expected to support margins in H2.
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Q1 2026 sales declined 6.2% year-over-year due to postponed deliveries and currency headwinds, but market share gains were achieved in Europe, North America, and Turkey. Outlook for Q2 is positive, with price increases underway to offset rising costs.
Fiscal Year 2025
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Sales and EBITDA grew modestly in 2025, with margin improvement driven by efficiency and market share gains in North America and Latin America. Outlook for 2026 is stable, with growth expected in emerging markets and continued focus on operational improvements.
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Q3 saw EBITDA and EBIT growth with improved margins, while nine-month results were mixed due to non-operating costs and currency/labor headwinds. Outlook is stable with moderate sales growth expected, and strong performance in North America and from recent acquisitions.
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Revenue grew 1.8% year-over-year in H1 2025, with EBITDA margin declining to 14.6%. North America and Mexico showed strong growth, while Africa, Middle East, and Turkey faced challenges. Moderate full-year revenue growth and stable profitability are expected, with currency and tariff risks persisting.
Fiscal Year 2024
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2024 saw record revenue and improved margins, with strong growth in North America and a positive outlook for 2025. Margin pressures from Turkish labor costs and energy prices are being addressed through efficiency, automation, and solar investment.