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 and EBITDA declined in 2024 amid challenging markets, but strong cash flow supported investments and shareholder returns. Major restructuring, acquisitions, and new plant launches position the group for cautious optimism in 2025.
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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.