Groupe Plastivaloire (PVL) investor relations material

Executive summary

• Revenue for H1 2025-2026 reached €352.7M, up 1.9% year-over-year, with EBITDA margin improving to 9.0% (+0.4pt) and net profit returning to positive territory at €2.8M.

• Strong performance in automotive, with 86.2% of sales, and resilience despite unfavorable currency impacts.

• Significant agreement reached with financial partners to extend debt maturities, enhancing financial flexibility.

• Free cash flow remained positive at €5.4M, though lower than the prior year due to higher working capital needs.

• ESG initiatives advanced, with significant reductions in carbon intensity and increased use of sustainable materials.

Financial highlights

• Revenue: €352.7M (+1.9% YoY); EBITDA: €31.7M (9.0% margin, +0.4pt YoY); Net income: €2.8M (vs. -€3.1M YoY).

• Gross margin improved to 50.8% (+1.6pt YoY) due to favorable product mix and cost control.

• Recurring operating income rose 37% to €11.6M; operating profit reached €9.4M.

• Free cash flow: €5.4M (vs. €9.8M YoY); operating cash flow impacted by higher working capital.

• Net financial expense improved to -€4.9M from -€7.5M YoY.

Outlook and guidance

• FY 2025-2026 revenue expected around €690M, with EBITDA margin between 8.5% and 9%.

• Focus on maintaining operational performance, managing raw material cost increases, and further deleveraging.

• Cautious approach maintained due to geopolitical risks, especially in the Middle East.

• Strong order intake in automotive, with €532M in the first 8 months, supporting future growth.