Norway · Delayed Price · Currency is NOK BEWI ASA Earnings Call Transcripts
Fiscal Year 2026
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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.
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Factories run at 60–70% utilization, with improved order intake and market activity. Automotive startup costs weighed on Q1 EBITDA, while cost cuts and volume gains boosted segment performance. Leverage ratio and refinancing plans were clarified.
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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Revenue declined 4% year-over-year to €277 million, but operational cash flow and liquidity improved through cost and inventory reductions. Market conditions remain tough, yet early recovery signs are visible, especially in insulation and recycled materials.