)
Industrie De Nora (DNR) investor relations material
Industrie De Nora Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong growth in all major financial indicators for the first nine months of 2025, with revenues up 5% year-on-year to €631.3 million, adjusted EBITDA up 15.9% to €124.4 million, and net income rising 15–22% depending on metric.
All business segments contributed to growth, with Water and Pools outperforming, and Electrode and Energy Transition segments showing improved order intake and backlog.
Completed the NEOM green hydrogen project, delivering 2.2 GW of electrolyzers and over 820 MW of green hydrogen technologies.
Continued focus on innovation, sustainability, and strategic partnerships, including new product launches and ESG initiatives.
Upgraded full-year 2025 guidance for adjusted EBITDA margin to approximately 19%, with revenue guidance confirmed at low single-digit growth.
Financial highlights
Revenues reached €631.3 million, up 5% year-on-year (7% at constant FX), with adjusted EBITDA margin at 19.7% and adjusted EBITDA up 15.9%.
Adjusted net income increased 22.1% to €64.5 million, with net profit up 15% to €60.4 million.
Net financial position improved to €38.8 million as of September 30, 2025.
Operating cash flow for Q3 exceeded €45 million, with further strengthening expected in Q4.
Backlog stood at €500.6 million, with order intake of ~€584 million.
Outlook and guidance
Revenue guidance for 2025 confirmed at low single-digit growth, with adjusted EBITDA margin guidance raised to approximately 19%.
Water Technologies expected to see mid single-digit revenue growth, Energy Transition high single-digit, and Electrode Technologies slightly decreasing.
Energy transition revenue for 2026 highly dependent on new orders in the coming months.
FX risk from a stronger euro could partially offset volume gains.
Next Industrie De Nora earnings date
Next Industrie De Nora earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage