Belgium · Delayed Price · Currency is EUR Belysse Group NV Earnings Call Transcripts
Fiscal Year 2025
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Revenue and EBITDA declined year-over-year due to market softness, especially in Europe, but order books are improving and liquidity remains strong. Sustainability and efficiency initiatives advanced, while geopolitical risks and cost inflation are being managed.
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First half 2025 revenue declined 7% year-over-year to EUR 134.6 million, with U.S. business stable and Europe down nearly 15%. Adjusted EBITDA fell 19.6% to EUR 17.3 million, while leverage increased to 3.5x. Lean program savings exceeded targets.
Fiscal Year 2024
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Revenue declined 6.8% year-over-year to EUR 280.4 million, but adjusted EBITDA rose 26% to EUR 42.4 million, with margins improving in both U.S. and Europe. Net leverage dropped to 3.1x, and sustainability initiatives advanced, while market conditions remain stable but subdued.
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Revenue declined 7% year-over-year in H1 2024, but adjusted EBITDA surged 75% due to margin improvements and cost savings. Leverage fell to 3.2x, and liquidity remains strong. Market softness persists, but pricing and cost outlooks are stable.