Belgium · Delayed Price · Currency is EUR Tessenderlo Group NV Earnings Call Transcripts
Fiscal Year 2025
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Revenue rose 4.4% to EUR 1.7 billion and EBITDA grew 8.5%, but a net loss of EUR 80 million was recorded due to impairments and non-recurring items. The Agro segment led performance, while Industrial Solutions struggled. 2026 guidance is for results in line with 2025.
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Revenue grew 7.1% to nearly EUR 1.5 billion in H1 2025, with EBITDA up 8.4% to EUR 163 million, but a net loss of EUR 9 million was recorded due to non-cash FX losses. Strategic moves included a joint venture for collagen/gelatin, new plant openings, and ongoing restructuring.
Fiscal Year 2024
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Revenue declined 9.6% to €2.6 billion and adjusted EBITDA fell 16.7% to €266 million, with net profit at €44 million. Major investments, acquisitions, and restructuring shaped the year, while cautious optimism guides 2025 amid ongoing market and geopolitical uncertainties.
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Revenue fell 15% year-over-year to €1.389 billion, with Adjusted EBITDA at €150 million and net profit at €61.4 million. Agro and T-Power segments performed well, but other segments declined amid weak construction and textile markets. 2024 EBITDA is guided 5%-10% below 2023.