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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
BEWi
BEWi (BEWI) investor relations material
BEWi Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Profitability improved in Q3 2025, driven by strong performance in Packaging & Components and improved results in Circular, despite subdued construction markets.
Merger of RAW and Unipol completed, with a €75M private placement and long-term financing secured.
Strategic focus shifted to higher-margin businesses, cost optimization, and ongoing profitability measures.
Financial highlights
Net sales increased by 6% year-over-year to €202.9M in Q3 2025.
Adjusted EBITDA rose by 12% to €23.2M, with margin improving to 11.4%.
EBIT reached €5.3M, up from €3.3M in Q3 2024.
Net result from continuing operations was a loss of €10.1M, but total operations showed a profit of €56.5M due to discontinued operations.
Net sales for 9M 2025: €599.1M, up 2.8% year-over-year.
Outlook and guidance
Prudent outlook for the remainder of 2025, with continued focus on profitability improvements and leverage reduction.
Demand for EPS fish boxes expected to remain strong; construction markets show gradual but uneven recovery.
No ongoing acquisition processes.
What specific cost base optimization initiatives?
How does the RAW merger impact core operations?
What are the key growth drivers for P&C going forward?
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Next BEWi earnings date
Q4 202512 Feb, 2026
BEWi
Next BEWi earnings date
Q4 202512 Feb, 2026
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Frequently asked questions
BEWi ASA produces, markets and sells various customized packaging solutions and insulation materials, based on expandable polystyrene. The products feature high-quality and custom designs. Products are designed, cut and shipped within 2 weeks with a delivery time in January-December of an added value for the customers. The goal is to ensure customers get their products as soon as possible. The company was founded in 1980 and is based in Trondheim, Norway.
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