Spain · Delayed Price · Currency is EUR Vidrala Earnings Call Transcripts
Fiscal Year 2026
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H1 2026 saw resilient margins and strong cash generation despite a 3.8% organic sales decline, with EBITDA margin up to 29.9% and net debt at 0.6x EBITDA. Full-year guidance is reiterated, supported by robust free cash flow, expanded shareholder returns, and effective energy hedging.
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Q1 2026 saw revenue of EUR 368 million and EBITDA of EUR 104 million, with margin expansion despite softer European demand. South America delivered strong growth, and full-year EBITDA is expected to exceed EUR 450 million, with EPS up over 5%.
Fiscal Year 2025
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Revenue reached EUR 1.5 billion with a 30.1% EBITDA margin and strong cash flow, despite soft demand and price moderation. Strategic actions included exiting Italy, entering Chile, and a U.K. restructuring plan, positioning for growth and improved shareholder returns.
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Revenue for the first nine months of 2025 was EUR 1,124 million, with EBITDA at EUR 329 million and a strong 29.3% margin. Despite soft demand and intense competition, guidance was reiterated, CapEx remained high, and free cash flow was robust.
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First half 2025 saw resilient margins and strong cash flow despite a 6.7% sales decline, with full-year EBITDA guidance of €450M reiterated. FX volatility and regulatory changes pose risks, but cost actions and diversification support outlook.
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Q1 2025 saw resilient margins and strong financials despite lower volumes and price reductions. Guidance for 2025 is for stable or slightly improved EBITDA and free cash flow, with high CapEx and disciplined debt. Overcapacity and regulatory risks persist, but strategic investments support competitiveness.
Fiscal Year 2024
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Revenue reached €1.6 billion in 2024, with EBITDA up 15.3% and strong free cash flow. Strategic refocus, divestment from Italy, and entry into Brazil drove performance, while demand remained soft but stable. CapEx and EBITDA are expected to remain robust in 2025.
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Revenues surpassed €1.2 billion with EBITDA margin up to 27.8% and strong free cash flow. U.K. and Brazil performed robustly, while Europe faced weak demand. Guidance for 2024 EBITDA and cash generation was reiterated, with CapEx stable and no major capacity expansions planned.
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First half 2024 saw stable EBITDA margins and revenue growth, with strong performance in Brazil and the U.K. despite soft demand in Iberia. Net debt is set to decrease significantly after the Italy sale, and full-year guidance for EBITDA and free cash flow is reiterated.