Norway · Delayed Price · Currency is NOK BEWI ASA Earnings Call Transcripts
Fiscal Year 2026
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Q3 sales rose 12% and adjusted EBITDA margin expanded to 13.3%, with all segments improving earnings. Leverage fell to 2.1x, while FY 2026 CapEx is expected below prior guidance.
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Q2 2026 saw 19% sales growth and a 57% rise in adjusted EBITDA, with all segments contributing and margins improving. Strong cash flow and deleveraging support a positive outlook, with disciplined CapEx and a focus on profitable growth and shareholder returns.
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EBITDA improved for the sixth consecutive quarter, with group sales up 6% year-over-year and strong performance in Packaging, Components, and Circular segments. Margin expansion and cash release are expected in Q2, with a clear path to a 15% EBITDA margin.
Fiscal Year 2025
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Profitability improved in 2025, led by strong Packaging & Components growth and operational efficiencies. Net debt decreased, free cash flow strengthened, and strategic investments position the business for further gains, despite challenges in the Circular segment.
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EBITDA and sales grew, led by packaging and circular segments, but profitability remains below target. Long-term financing was secured, and investments in automotive and recycling continue, with a focus on improving margins and reducing leverage.
Fiscal Year 2024
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Organic growth returned in Q4 2024, with net sales up 3% and EBITDA up 10% year-over-year. Strategic mergers and cost controls position the company for growth in higher-margin segments, while recycling and sustainability efforts lead the industry.
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Q3 net sales declined 4-5% year-over-year to EUR 252 million, with EBITDA slightly down but margin improved to 9.2%. Downstream segments performed well, while upstream faced margin pressure, prompting cost cuts and efficiency measures. Strategic actions and investments position the company for growth as markets recover.
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Q2 sales fell 4.3% YoY to EUR 277m, while EBITDA was EUR 29m, including acquisition-related compensation. Cash flow was solid, and early recovery signs support a focus on cost control and insulation growth.