Belgium · Delayed Price · Currency is EUR Cenergy Holdings Earnings Call Transcripts
Fiscal Year 2025
-
Record revenue and EBITDA growth in 2025, with strong performance in both cables and steel pipes. Robust backlog, margin expansion, and major capacity additions support a positive outlook, with 2026 EBITDA guidance of EUR 370–400 million and continued sector-leading returns.
-
Q3 2025 saw strong revenue and margin growth, with nine-month EBITDA up 35% year-over-year and EPS up 32%. Full-year 2025 adjusted EBITDA guidance was raised to EUR 335–350 million, and the backlog remains robust above EUR 3.3 billion. Cables and steel pipes segments both delivered strong results, with continued optimism for 2026.
-
Record H1 revenue and profitability driven by strong project execution in both cables and steel pipes, leading to an upgraded 2025 EBITDA guidance. Backlog and margins remain robust, with significant growth expected in Europe and the U.S. factory on track.
-
Q1 2025 saw 23% revenue and 39% EBITDA growth, driven by new submarine cable capacity and strong project mix. Backlog remains robust and diversified, with full-year EBITDA guidance of EUR 300–330 million confirmed.
Fiscal Year 2024
-
High margins and strong demand in both cables and steel pipes drove record profitability and a 10% revenue increase in 2024. Operational discipline, capacity expansions, and a record €3.44 billion backlog support a positive outlook, with 2025 EBITDA guidance of €300–€330 million.
-
Strong nine-month results with 8% revenue growth, doubled profits, and record-high backlog. Steel pipes and cables segments drove performance, with major contract wins and ongoing investments supporting a positive outlook and confirmed 2024 guidance.
-
Revenue and backlog reached record levels in H1 2024, with Adjusted EBITDA up nearly 40% year-on-year and net profit more than doubling. Upgraded FY 2024 guidance reflects strong project execution, robust margins, and major investments in US and Greek capacity expansions.